Defective Products

China has become known as the “world’s factory.” But the focus on ever-cheaper products at ever-higher volumes has led to serious product quality problems that not only impact the contract manufacturers, but brands in the U.S. and the EU for which they manufacture. How is this trend likely to develop? What will China and its competitors do to resolve this problem? What can you do as a manager, consumer, and investor to avoid becoming a victim of future defective product crises? We’ll give you the answers.

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