In The News

As It Tries to Cut Costs, Wall Street Looks to India

Saritha Rai October 8, 2003
In the latest development of the trend towards outsourcing US jobs to India, some Wall Street financial houses are looking to hire India-based researchers. J. P. Morgan, Lehman Bros., and Morgan Stanley are among the latest US investment firms to seek cheaper, well-educated labor in India. Merrill Lynch already has a technology center in the country, and Goldman Sachs has similar plans to...

Germany Deadlocked Over Immigration Policy

Dominic Sachsenmaier August 22, 2003
Economic integration around the world does not necessarily equate to acceptance of multi-culturalism at home. Though German industry and banks straddle the globe, linking countries and societies economically, many Germans are fiercely fighting the influx of foreign influence - particularly through immigration. These Germans feel passionately about preserving a homogenous society and are...

Jakarta Blast May Deter New Investors

John Burton August 7, 2003
Before this week's bombing of the Marriott Hotel in Jakarta, Indonesia's economy had been steadily recovering from the 1997 Asian financial crisis, and foreign investors have been arriving in droves. Singaporean companies in particular have been attracted to the country because of increased political stability and a lack of ties to the US economy. The Indonesian government has courted...

Thailand Seeks Taiwanese Investors

Joyce Huang August 6, 2003
Proud of its economic recovery from 1997's Asian financial crisis and an impressive growth rate, Thailand is trying to attract Taiwanese investors. Taiwan is already the third largest foreign investor in Thailand, following only Japan and the US, but the kingdom hopes to increase the island's foreign direct investment by as much as 15 to 20 percent in a variety of sectors, ranging from...

Chinese are Taking to the Card

Goh Sui Noi July 31, 2003
The rise of a young, urban middle class and the increasing numbers of credit card shoppers is taking China's financial world by storm. China's fast-emerging middle class is generally composed of young, educated, city dwellers with good jobs and fast paced lifestyles. Ten years ago, when the market economy was still new, paying on credit was unheard of. Today, however, more and more...

Germany and California: Parallel Crises in Need of Parallel Remedies

Robert Levine July 10, 2003
Although Germany and California represent different levels of government, both are facing similar severe economic and political crises. The economic problems for both stem from the collapse of the booming information technology sector. Global trade and investment opportunities connected the information technology sectors in Germany and California, and the collapse of the IT sector in California...

Free Press Essential for Hong Kong's Success

Zhiwu Chen July 2, 2003
In the largest demonstration since Hong Kong passed over to Chinese control in 1997, hundreds of thousands of protesters took to the street on July 1. While the protesters are against a planned anti-subversion law, the issue at stake is more than simply free speech - it is also about the continued economic prosperity of Hong Kong. Over the last few decades, Hong Kong has transformed itself into...