"The Story of My People Book Report

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Lesson Five: Haughtiness of Economists

It was clear that the economists being in a state of arrogance brought it to a place of destruction. It was clear that in the book that Prato's textile industry was going to the Chinese, but at the same time not actually always leaving the city. Because the Italians thought that their businesses would always be what they were and never ever come to an end, Nesi points out that could be far from the truth. A new culture came in and changed the dynamics of everything. Prato now has the second-biggest Chinese people in Italy, just after the city of Milan. In a city of 300,000 people, approximately 12,000 Chinese live lawfully and another 40,000 unlawfully. These people work and sometimes live in approximately 3,600 businesses, frequently in uncleanliness. It is clear from the book that even the most influential words, the most important ideas appears to be deflated of meaning in the face of this dreadful story of insignificance and abuse among losers, where everyone of the characters are the victims of a chain of deceit that spreads out from an intensely bad awareness of work.

How does the book apply to International Business?

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The book applies to international business in a lot of different ways. Nesi is the offspring of a business family in the Tuscan town of Prato, which was a focal point for the strategy and production of materials for centuries. An award-winning filmmaker, writer, and translator, he recognizes the negative effects of international business immediately: Nesi functioned in and assisted in running his family's textile business from 1993 to 2004, when he had no choice nevertheless to engineer the sale of the firm for the reason that it was no longer able to contend against lower-priced Chinese rivals.

Book Report on "The Story of My People" Assignment

With a fictional mind and a flair for the graphic, Nesi raises up a colorful portrait of the fabric manufacturing business originated by his grandfather and granduncle, and their long running of achievement in the fast-expanding marketplaces of post -- World War II Europe. It was sort of considered to be the best of times to be in international business: Nesi describes sales visits to Germany all through which orders were written on the foundation of relations and price was seldom, if ever, talked about. This went on for three decades, throughout which time Prato turned out to be the center of a multifaceted textile environment.

This book applies to international business because it talks about how the author's family owned a fine textile industrial business in a small town in Italy where everyone was involved in making beautiful cloths but was unaware of globalization. With the development of the E.U., and the fall of trade and controlling barriers, these individuals did not cash in on globalization, as they probable. In its place they, their pride their jobs and their way of life were destroyed by it. This is a deterrent story about straining to be "modern" in a world where the rush is to the bottom line, and worth and difference are just thrown out the window.

International business has everything to do with this book because it makes just one generation ago, Prato was considered to be a prosperous industrial center that prided itself on quality and craftsmanship. Nonetheless for the duration of the last decade, inexpensively made goods-produced in a foreign country or in Italy by poorly salaried immigrants-soaked the market, making it unbearable for Italian companies to keep up. They were out of style and out dated and to make matters worse, they were not equipped enough to handle the incoming international market. In 2004 his family was forced to sell the textile factory because of the rivalry of the international business that was taking over. International business had everything thing to do with the fall of the company.


This book is a must read especially for those that are interested in businesses. Story of My People is story that is well told but at the same time is an expressive and disappointed wail about the loss of business and how it can all be gone in the blink of an eye. This book is highly recommended because it talks about Globalization and how it has swallowed up the artistes, the families and the lovely fabrics at the heart of Prato's interlacing industry, and a world has fell apart like a ball of yarn. Even though Nesi clearly comprehends the economics and even the predictability of this transition for Italy's family industrialists, he will not let this world just walk away that easy without giving a description for the rest of the world to see. This book is a must read because it makes the point of how a business and family can do everything right and still in the end have everything go totally wrong. This is a poetic, important, and personal work of manufacturing history.

We all recognize that globalization has disturbed industries around the world, but most people always attach disruption to the annihilation of ways of life -- the social material that globalization can tear and split. "Story of My People," by Edoardo Nesi, a polemic powered by rage and grief and at the overwhelming effect of globalization on the Italian textile business, makes that connection palpable. This book is a must read because history repeats itself and those in business can get a better understanding of what not to do for their businesses. If initial responses are any kind of sign, the United States public would probably be very interested in this kind of story. It should not be forgotten that U.S. used to have their own industrial business and that the "Made in United States" product has been affected by the disaster as much… [END OF PREVIEW] . . . READ MORE

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