Customer Reviews:
Dont waste your money.......2007-05-17
How come I don't see anyone without a job? Dont waste your money buying this useless book. Watch a movie in the theaters instead.
3 stars for getting the topic out in front of people, -2 stars for not getting it right........2007-04-29
This subject is getting a lot of ranting from people on the outskirts who know squat. Manufacturing is one thing, but IT is where the real action is. I work in IT outsourcing and I have seen both sides, while so many are talking from 3rd hand knowledge. Number 1 issue is that these imported visa techies are more sinned against then sinning. The imported worker isn't fully paid, gets only a paltry salary, the winner in the game, the true elite, are mddlemen ....It's all the vendor/employers who make the money, and sometimes there are so many layers of them, they don't even make much; and, they are rarely US corporate..... Oddly enough, most of them are immigrants themselves. Some immigrant guy gets a stable of visa guys with desireable skills (e.g., SAP) and vends them to other vendors, perhaps more than to actual US companies (you have to be a "preferred vendor" to get in on the action with the largest US Companies). Who knows what the poor visa guy actually gets, while the large US companies who seek to buy this contingent H1 visa labor don't get much of a bargin either. Yeah, they try to get competition for the sake of lower rates, but they also TRY to squeeze from the top and demand the TOP Tier "preferred" vendors send them with visa techies with such and such skills for a ceiling of $X; however, there are STILL market forces, and these middle level vendor/employers know the rates and sometimes the preferred vedor above them cannot not find or provide someone when any of the layers cannot make at least a minimal amount on the rate. Consequently, the rates creep up, and end up not that far behind the going rate. I have seen some Corporations/Companies have to re-process their original req with higher salaries cause they need someone badly, and eventully they go to the 2nd tier vendors. Ultimately while they may pay slightly less on the contract than for a full time guy, and slightly less than a US guy, it's not that much less, only a little, while the vendor middle-men gets his bucks (and more and more of them pop up every day). These vendor/employers make their bucks either on specific skills (lake SAP, .NET) or on volume, like parasites. Meanwhile US Companies cannot be bothered with hiring entry level. They need someone to "hit the ground running." The imported guys are just beyond entry level, having already got that back home from the same US companies overseas OR from other foreign companies or domestic companies over there. So, yeah, they are up and running faster than an entry level guy. The real tragedy is that our US IT grads have so few entry level jobs available. And the big bonanza, right now (jobs paying over $100k) is in managerial IT. The ones who have a leg up on those are the visa guys who tough it out and survive to get that magic Green Card. Having survived all the levels, they are often the best candidates for these well paid positions, and compete with native born US citizens who survived the tech bust. However, understandably, these GC guys want a competitive salary with their American counterparts. When the best candidates for these jobs are Green Cards, the US grads who never got the entry level job originally, lose out once again. Meanwhile, in places like India, IT is booming, and they badly need midlevel managers, so who will go? How many Americans are ready to uproot and learn Hindi? There is an r2i movement (r2i==return to India).... Probably all those Green Card guys who earned their stripes here, will go back, and again the US IT departments will have to go to another 3rd world country, and start the whole mess all over. Meanwhile, the rest of us low paid flunkies are barely making ends meet, work long hours, and get NO health benefits.
LOU DOBBS IS IGNORANT AND INCOMPETENT NEO-POPULIST.......2007-03-14
Shame on Lou Dobbs and his ignorant and arrogant rethoric.
Predicitions that have come true.......2007-03-11
Lou Dobbs writes a book on outsourcing and corporate greed. The wonder of this book was that it was written in 2004, in the early stages of the outsourcing pandemic in this county. Most of his charges have come 100% true in current day. This book is a simple read - I finished it in about 4 hours and is easily read.
He curtails so called free trade agreements such as NAFTA, CAFTA and FTAA and organization such as the WTO and gives many examples of how these free trade agreements are completely unbalanced and unfair to the US worker and economy. US workers have been forced to compete (and history has now show)and loose to third world labor in China and Mexico. He was accused of being a "protectionist" when the reality is most people do not call for no trade with other countries. They call for fair and balanced trade. He explains how countries have set high tariffs and quotas on US imports but the US maintains little to no quotas and tariffs - and these are countries we are in trade agreements with. US businesses relocate our jobs and manufacturing base to cheap labor and unregulated markets in developing nations to only re import their good to the US. We are being exploited at the expense of corporate greed which does not have this nation's interests in sight. I am very unhappy with the fact that amongst his laundry list of present day status quo of terribly chartered agreements by our current administrations (Bush and Clinton), he does not really charge our nation's citizens with their insatiable appetite for consumption of flat screen TV's and just about any other exorbitant commodity we purchase. This has been a major factor on why these agreements stay in effect - our out of control consumer consumption has become culture at which it becomes very hard to change. But then again, most Americans really do not have a tiny grasp on the big picture because they are ignorant of it. They simply get annoyed when they call their bank customer service and wind up speaking to a representative in India of which they can't understand. Mr.s Dobbs goes into detail on how US companies have used the tax systems to their advantage and wind up paying no tax which leaves the middle class to pick up the burden. He gives a very good account of local and state government exporting their work to foreign countries! One of the most important discussions in the book is where early proponent of "free trade" would say that as our manufacturing base (about 3 million jobs) leaves the country, we will replace these jobs with higher level professional and services jobs (IT, lawyers, accountants). He details how we have now begun exporting these "replacement" jobs to our trading partners. What's left next to go? Since we have become now dependent on imports for our basic needs and have financed both consumer and economic debt and deficit with foreign funds - we have become very dependent and vulnerable as the worlds sole superpower.
I found this book a little bit of "preaching to the choir". I would highly recommend this to a person looking to wet their feet in trade issues of present day. Someone who has done much reading on the fleecing of the middle class will have come across much of what Mr.s Dobbs speaks about. Nonetheless, it still has some very good informative material that have been proven to be the reality. My last grievance is that of his 10 chapters of laundry type lists and critiques - 1 is devoted to finding solutions. I find this to be the case with his other book - "war on the Middle class (which I highly recommend). Mr. Dobbs is truly a great popularist of our present day. And if you watch his nightly CNN "Lou Dobbs Tonight' you'll know he committed to leveling the playing field for the middle class.
Honest Polemic.......2006-12-28
A market loving Republican has written a powerful indictment of the outsourcing of jobs that is hurting the middle class. As a business journalist & news anchor he fully understands the machinations of the business world. Ex: Free trade is not always fair trade. Note our trade deficit has been growing for thirty years. Some reforms & tasks can't be left to the market alone. The Federal & state governments have a duty to the citizenry. The latter with the peoples consent can stop corporate greed & corruption by preventing the constant outsourcing of middle class jobs to third world countries. If nothing is done to stop the jobs from leaving. We could become in the not to distant future a two tier society. Pharoahs at the top & a poorly paid majority of drones at the bottom.
Average customer rating:
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Understanding Globalization, Employment and Poverty Reduction
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover
Development & Growth
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International
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Unemployment
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ASIN: 1403941491
Release Date: 2005-02-10 |
Book Description
Do accelerating trade and foreign direct investment--experimented by most developing countries in the 1990s--imply a positive, negative, or neutral impact in terms of employment, income inequality and poverty alleviation? This book provides some empirically-tested answers to this question using an open-minded, unconventional economic approach and deriving original policy implications.
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Chains of Fortune: Best Practices in Linking Local Women Producers with Global Markets
Manufacturer: Commonwealth Secretariat
ProductGroup: Book
Binding: Paperback
Exports & Imports
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Labor & Industrial Relations
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ASIN: 0850927986 |
Book Description
Much has been written about the negative impact of globalization on the world's poor, and especially on women. But globalization also opens up new economic opportunities if poor women producers and workers are enabled to take advantage of them. The need for assistance differs between independent producers on the one hand and wage workers in export industries on the other. In the former case, the need mainly is for increased access to global markets. In the latter case, it mainly is for better organizing so as to bargain for better wages and working conditions.
This edited volume brings together six case studies: three which focus on linking local producers with global markets; and three which focus on improving conditions of wage workers and outworkers already integrated into export markets through global value chains. On the producer side, they include examples of: a cocoa cooperative of 45,000 producers in Ghana who are co-owners of a chocolate company in the UK; family-based cooperatives in Samoa which produce organic virgin coconut oil and related value-added products for export to Australia, New Zealand and Germany; and newly established small enterprises in Mozambique which are helping to regenerate the cashew processing and export industry with benefits for women small holders and factory workers. On the wage worker side, they include: thousands of women who have found jobs in the expanding industry in South Africa which exports deciduous fruits to Europe; hundreds of thousands of women in Bangladesh who have found paid employment and increased empowerment in the factories which export ready made garments to Europe and the UK; and thousands of women who have found employment in the newly created industries in India which export information technology-enabled services to Europe and the US. Each case study is written by a team of international and national researchers and aims to present decision makers with concrete examples of how policies and programs which shift the balance of access, power and returns within global value chains can assist the working poor to derive greater benefits from globalization.
Book Description
The book begins by reminiscing about the growth of American prosperity, but then quickly moves into exploring why the American Dream is now in decline. The book explains that our present recession may not be a typical recession from which we normally rebound, but may be more deeply rooted in government policies, albeit with good intentions, that have led our country's citizens into trouble.
Customer Reviews:
Can we still save the American Dream.......2005-01-29
What is the American Dream? Isn't it true that each defines the "Dream" differently based on your personal preferences? Yet with each of these many and varied definitions of the American Dream it is nevertheless uniformly true that they are based on, or more accurately written in stone upon, the bedrock of American principles, history, and generational inheritance. Without our fellow Americans who lived before us, and the American nation for which they believed and lived, there would be no American Dream for any of us to aspire.
In growing numbers Americans are feeling that Dream slipping away. An American heritage, once so safely assumed, seems to be lost to growing segments of our nation's citizens.
In "Dismantling the American Dream", Kenneth Buchdahl "connects the dots" of the forces that are eroding America's heritage and explains in great detail how they have created the perfect storm of American middle class destruction. Is it true that the American Dream is being dismantled before our eyes, and if not soon corrected, will lead to the dissolution of the great American middle-class? Kenneth Buchdahl answers with a resounding - Yes.
First and foremost it is good to see the recognition by Buchdahl of American "culture" as critical to the building of the American Dream. As Buchdahl writes "the development of a culture is grounded in a unique American personality and intricate system of values and beliefs..." that is responsible for America's "enviable situation." And it is that "enviable situation" that has contributed to creating the forces that are working rapidly, knowingly or not, to dismantle the American Dream.
"Dismantling the American Dream" chronicles the unintended impact of America's "pop culture" belief in globalization as a force for good in our economy and the failure of leadership to recognize that belief gone awry. America's political leaders' continued belief in free trade and give-away trade deals, in the face of the near deathblow of NAFTA to American manufacturing is but one of the delusions of globalization that Buchdahl lays bare.
The destruction of America's middle class engine of opportunity, America's job markets, is yet another "dot" that Buchdahl's book brings into sharp focus in viewing the dismantling of the American Dream for an increasing number of Americans. Not only does "Dismantling the American Dream" show the devastating impact on manufacturing jobs, but for once the threats to America's high tech/high skill jobs posed by misguided immigration laws and off-shore outsourcing are explained and connected to the same systematic forces that destroyed America's manufacturing base.
Of particular interest to those parents of America's future generations, but in reality a critical issue for us all, is the loss of America's intellectual property and methodology because of the rush to globalization. "The concern that I (Buchdahl) have is that we are not only exporting our physical manufacturing plants and service center offices, but we are also exporting the intellectual property and brainpower associated with all of these manufacturing and service businesses." Most ominous of all "When this critical knowledge is gone from the United States - it's gone for good...Ultimately, Asia (China), the Middle East and South America will have control over our manufacturing, technology and professional businesses simply because of the low wages and cost structure they enjoy today."
In other words, all of the hard work from generations of Americans to build a sophisticated and complex economy, the hard fought foundations of America's middle class successes, will be handed free to other nations because their citizens are viewed as being plentiful and cheap.
Sadly, while America loses its knowledge lead, Buchdahl explains in chapter 7, "Is Free Trade Helping or Hurting Nations," those gaining from that knowledge are not the world's poor, but the elites in those poorest nations...in many cases the very ones keeping their fellow citizens captive to poverty.
Kenneth Buchdahl's "Dismantling the American Dream" is the beginning of the long overdue examination of what the disciples of globalization have brought upon America. His book is the first serious effort to demonstrate the interactions of the forces at work dismantling the American Dream - Free Trade, Immigration, Unemployment, Poverty, Debt, Foreign Dependency, and Globalization. All forces with a clear "Made in America" stitching on their label, for it is America's own leaders that have brought this upon their entrustment, and who seem strangely to be incapable of making the necessary changes to reverse their treacherous course. - "So in the Libyan Fable it is told that once an eagle, stricken with a dart, said when he saw the fashion of the shaft, with our own feathers, not by others' hands are we now smitten."
I hope that Kenneth Buchdahl's excellent book will be a catalyst in awakening the public and America's leaders to the troubles upon us.
Average customer rating:
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Biomedical Globalization: The International Migration of Scientists
Sergio Diaz-Briquets , and
Charles Cheney
Manufacturer: Transaction Publishers
ProductGroup: Book
Binding: Hardcover
Labor Policy
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Emigration & Immigration
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ASIN: 0765801043 |
Average customer rating:
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Contingent Work, Disrupted Lives: Labour and Community in the New Rural Economy (Studies in Comparative Political Economy and Public Policy)
Anthony Winson , and
Belinda Leach
Manufacturer: University of Toronto Press
ProductGroup: Book
Binding: Hardcover
Labor Policy
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ASIN: 080203554X |
Book Description
Contingent Work, Disrupted Lives examines the repercussions of economic globalization on several manufacturing-dependent rural communities in Canada. Foregrounding a distinct interest in the 'grassroots' effects of such contemporary corporate strategies as plant closures and downsizing, authors Anthony Winson and Belinda Leach consider the impact of this restructuring on the residents of various communities. The authors argue that the new rural economy involves a fundamental shift in the stability and security of people's lives and, ultimately, it causes wrenching change and an arduous struggle as rural dwellers struggle to rebuild their lives in the new economic terrain.
Beginning with broader theoretical and empirical literature on global changes in the economy and the effects of these changes on labour, the text then focuses exploration on manufacturing in Ontario with an analysis of five community case studies. Winson and Leach give considerable attention to the testimony of numerous residents; they report on in-depth interviews with key respondents and blue-collar workers in five separate communities, ranging from diverse manufacturing towns to single-industry settlements. The result is an intimate contextual knowledge of the workers' lives and their attempts to adapt to the tumultuous economic terrain of 1990s rural Canada.
Winner of the John Porter Prize for 2003, awarded by the Canadian Sociology and Anthropology Association.
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Globalization and Labour in the Asia Pacific (Studies in Asia Pacific Business)
Chris Rowley
Manufacturer: RoutledgeCurzon
ProductGroup: Book
Binding: Paperback
Labor Policy
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ASIN: 0714680893 |
Book Description
Globalization and labour market deregulation have had an impact on employment and workers, and brought pressure to bear on trade unions. This study looks at the challenges of globalization and deregulation, and possible responses to them in a variety of ways. It covers economies with a range of diverse socio-political backgrounds, systems and structures. It casts light on patterns and differentiations, makes international comparisons, explores gains and losses and gives an overall picture.
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Globalization and Patterns of Labour Resistance (Employment and Work Relations in Context)
J. Waddington
Manufacturer: Routledge
ProductGroup: Book
Binding: Hardcover
General
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International
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General
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Labor & Industrial Relations
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ASIN: 0720123690 |
Book Description
The implications of globalization for labor are more often asserted than analyzed. This collection, and its companion volume The Global Economy, National States and the Regulation of Labour edited by by Paul Edwards and Tony Elger, seek to remedy this deficiency by presenting contemporary research on the relationship between the globalization of production and the regulation of labor. It examines the relations between specific pattens of labor control (production regimes) and approaches to national labor (regulatory regimes). The contributors assess the nature and form of labor resistance and accommodation across a range of manufacturing industries in different national contexts.
Book Description
Large and populous states are becoming major participants in a truly globalized economy. The surge in trade with, and foreign investment in, new partners has coincided with growing tensions in labor markets in Europe, North America, and Japan--in particular a deterioration of the relative position of less-skilled workers in Europe and North America. The main task of this volume--undertaken in chapters on the United States, Japan, and Europe--is to discuss the evidence of a link from globalization to growing tensions in Trilateral labor markets.
The authors conclude that trade with developing countries has played only a small role in these labor market tensions. Looking ahead, they construct--for the United States and Japan--extreme scenarios in which all of manufacturing industry which uses less-skilled labor above a certain threshold in its total employment is wiped out by new competitors. Even then, the growth of export opportunities and reasonable assumptions about substitution between different categories of labor prevent disastrous consequences for the weaker part of the labor force.
Book Description
An initial public offering (IPO) is one of the most significant events in corporate life. It follows months, even years of preparation. During the boom years of the late 1990s bull market, IPOs of growth companies captured the imagination and pocketbooks of investors like never before.
This book goes behind the scenes to examine the process of an offering from the decision to go public to the procedures of a subsequent equity offering. The book is written from the perspective of an experienced investment banker describing the hows and whys of IPOs and subsequent equity issues.
Each aspect of an IPO is illustrated with plenty of international examples pitched alongside relevant academic research to offer a combination of theoretical rigour and practical application.
Topics covered are:
the decision to go public
legal and regulatory aspects of an offering; marketing and research
valuation and pricing
allocations of shares to investors
examination of fees and commissions
* Global perpective: UK, European and US practices, regulations and examples, and case studies
* First hand experience written by an IPO trader with academic rigour
* Includes the changes in the market that resulted from 1998-2000 equity boom
Customer Reviews:
Superb account of the IPO and equity offerings.......2007-01-21
I wanted to learn in detail about the process of the IPOs and secondary public offerings. This book gave me pretty much everything I wanted to know and then some. I found it to be easy to read and engaging. It was just a great, eye-opening book. It's totally up to date even though some research findings are a bit dated because things don't really change that much in the IPO world.
The book is international in scope, and should satisfy those interested in US-only, international-only, or a combination IPOs.
You will learn some things that you probably didn't even now existed. Did you know banks allocate part of their fees to stabilazation, which means they will buy shares when the market opens in case there is a downward pressure on the stock. They are allowed to stabilize the price for 30 days.
Also, did you know that the difference between IPO price and the opening price is risk premium? I always thought that IPOs rise so much on the first day BECAUSE they are so great. In fact, the reason for the rise is the opposite: it's because the company is considered risky by IPO investors and they will only pay enough for it to allow for a nice upside to compensate for their risk. That partially explained the huge run-ups in the first day of trading during the bubble. It's hard to admit that I had all this wrong.
You will learn everything about the process from company valuation, to roadshow and marketing, to the way syndicates work and the associated politics, to the fee allocation among various managers and underwriters. You will also learn about ADRs and the way international companies chose listing on various international (US-including) stock exchanges.
Overall, just a superb book for somebody who wants to completely understand the process of equity offerings. The author uses sufficient examples, but I feel that for those wanting even more detail, the author could have included more war stories and easily increased the size of the book by 50-100%. I am not sure whether that would have made it a better book, though. Right now, it's short and sweet. Easily 4.5 stars.
Book Description
This digital document is an article from Wireless Satellite and Broadcasting Newsletter, published by Information Gatekeepers, Inc. on April 1, 2005. The length of the article is 806 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Amid satellite woes, IPO signals are fuzzy.(MARKET INTELLIGENCE)
Publication:
Wireless Satellite and Broadcasting Newsletter (Newsletter)
Date: April 1, 2005
Publisher: Information Gatekeepers, Inc.
Volume: 15
Issue: 4
Page: 1(3)
Distributed by Thomson Gale
Book Description
This digital document is an article from Manufacturing & Technology News, published by Thomson Gale on September 1, 2005. The length of the article is 1888 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Growing number Of Chinese IPOs are bypassing U.S. equity markets: does China pose a financial opportunity or threat?
Author: Richard A. McCormack
Publication:
Manufacturing & Technology News (Newsletter)
Date: September 1, 2005
Publisher: Thomson Gale
Volume: 12
Issue: 16
Page: 1(3)
Distributed by Thomson Gale
Book Description
This digital document is an article from San Fernando Valley Business Journal, published by Thomson Gale on November 6, 2006. The length of the article is 796 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Soaring Dow could shake loose IPOs: but private equity still may be best route.(Public Companies)
Author: Chris Coates
Publication:
San Fernando Valley Business Journal (Magazine/Journal)
Date: November 6, 2006
Publisher: Thomson Gale
Volume: 11
Issue: 23
Page: 1(2)
Distributed by Thomson Gale
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