Word: cheaping
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Dates: during 2000-2009
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...movie could have been great. The parts of the movie that dealt with the stifling woodenness of totalitarian vocabulary, the weariness bred by constant exposure to lies, and the indestructibility of human dignity were extremely well done, but were in many ways superceded by the childish desire to score cheap political points against Bush. I take solace in the fact that the flaws of “V for Vendetta” are a sign of England’s and America’s historical privilege, and our distant removal from any lived totalitarian experience. Images of real totalitarian...
...legged stool. In a perfect example of globalization at work, ferocious competition from Chinese manufacturers is snatching away Manzano's customers--and its life. Over the past three years, about 200 Manzano companies have closed, and a worrisome number of the remaining 900 are struggling. The cheap labor isn't just in China. Sawmills have moved to Croatia, Poland and Romania, where an increasing amount of prefabrication is carried...
...wholly made at a factory Natuzzi operates in Shanghai. The company had no choice but to open a Chinese plant, says Daniele Tranchini, Natuzzi's chief global sales-and-marketing officer. "Half our sales come from North America, and that market has been hit more than most with cheap products from China," Tranchini says. Besides, he adds, "everyone recognizes it's an Italian product. Where it is manufactured has really become a secondary issue...
...revealed truth. Those who gain from trade?the great undifferentiated mass of consumers who enjoy a range of products from around the world sold at prices that reflect intense competition?are by definition less identifiable than those who lose from it. Nobody lobbies a legislature to thank them for cheap T shirts; any group of workers in the industrialized world whose job has just been "lost" to China's Pearl River Delta can be assured of a hearing on the evening news. And just as in the 1980s, when U.S. legislators had panic attacks after Japanese investors overpaid for everything...
China has been in the furniture business for a while. The Pearl River delta, in the south of the nation, has supplied the world with cheap beds and dressers for decades. But more recently, as new Chinese homeowners have swelled domestic demand, the industry has spread to other parts of the country. Now manufacturers are crafting increasingly sophisticated wares that allow China to compete in markets once dominated by Europe. Last year China exported $13.77 billion worth of furniture, overtaking Italy as the world's leading exporter. "At the beginning, you could never get the right quality in China," says...