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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference


 Clyde Prestowitz giving presentation to CDI...


Steve Olson teaching trade negotiations at the Mekong Institute...


Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

(2/3/12) CBS News cites Prestowitz on Apple and the iPhone

February 3, 2012 9:15 AM

You bet Apple could build the iPhone here

By Alexander Cockburn

Why do American jobs end up in China? The supposed answer in an anecdote: the late Steve Jobs summons his senior lieutenants and holds up the iPhone prototype. It's due to be shipped to stores in not much more than a month. He points out that the plastic screen has been scratched by his keys. "I won't sell a product that gets scratched," he says, according to a recent New York Times story. "I want a glass screen, and I want it perfect in six weeks."

“After one executive left that meeting, he booked a flight to Shenzhen, China,” the Times reports. “If Mr. Jobs wanted perfect, there was nowhere else to go.” The next sequence reads like a montage in some 1920s film about industrial production. Within days, a Corning Glass plant in China is turning out big sheets of toughened glass, which are shipped to a nearby Chinese plant to be cut into iPhone panes. The small panes are trucked to a Foxconn factory complex eight hours away.

The first truckloads arrived in the dead of night, according to a former Apple executive. Managers rousted thousands of workers out of their beds, lined them up, gave each of them a biscuit and a cup of tea and launched them on a twelve-hour shift. In ninety-six hours, the plant was producing more than 10,000 iPhones a day. Within three months, Apple had sold 1 million of them; since then Foxconn has assembled more than 200 million. The suicide rate among its workers was, Jobs insisted, below the overall Chinese rate.

Click here to read the entire article at CBS News.

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