Book description
After a highly successful career on Wall Street, in the early 1990s
Jack Perkowski needed a new challenge. Having decided that China would
be the future, he set about investigating this little-known market and
the business opportunities it offered. Before long, Jack set up
ASIMCO, a manufacturing business specializing in car components, which
now has an annual turnover of over 0 million.
In
Managing the Dragon Jack provides an insider's view of
China, its many peculiarities and working practices. For example, we
see how China's economy and government are highly decentralized and
how the country tends to operate like a series of villages spread
across a vast landscape; we discover how much influence 'the Party'
has on the banks, and how economic incentives at local government
level causes China to create overcapacity in virtually every industry.
This may explain why the country has, almost single-handedly, placed
the entire world in a cost / price squeeze.
Managing the Dragon is a revealing and thought-provoking
memoir offering a fresh perspective on a country at the dawn of a new
age. Through its colourful narrative it also tells the story of one of
the most influential and pioneering entrepreneurs of today.
Jack Perkowski was born in western Pennsylvania and studied business
at Yale and Harvard. Following a very successful career as a banker on
Wall Street, he left the US to run his own manufacturing business in
China. Jack is a regular speaker at conferences and has written several
journal articles. He has lived in Beijing since 1993, but he also has a
farm in New Jersey.
