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" He knew that the venture was not a success, but at the same time, he wouldn't admit that it was a failure. The venture at least gave him bragging rights back in New York and New Jersey. While the joint venture did not generate profit, he could tell everyone how wonderfully well things were going for him in the Far East. The result of such a pattern of behavior was that even more foreign companies were jumping onto the bandwagon. "If those guys can do it, then so can we," the competition would say to itself. "

, Poorly Made in China: An Insider's Account of the Tactics Behind China's Production Game


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 quote : He knew that the venture was not a success, but at the same time, he wouldn't admit that it was a failure. The venture at least gave him bragging rights back in New York and New Jersey. While the joint venture did not generate profit, he could tell everyone how wonderfully well things were going for him in the Far East. The result of such a pattern of behavior was that even more foreign companies were jumping onto the bandwagon.