In The News

Labor Flexibility to Be Boosted

Kim Sung-mi July 31, 2003
Business groups in South Korea have complained that their current labor laws are grossly obsolete, especially in a competitive international environment. The laws stipulate that employers who "illegally" lay off workers would face criminal charges including prison sentences of up to five years. An expert committee charged with revamping the current laws wishes to discontinue the use of...

For Now, Hong Kong Protests Do Not Faze Investors

Frank Ching July 29, 2003
In Hong Kong, the recent mass demonstrations against proposed anti-subversion legislation have not shaken foreign investors' confidence. In the following essay, Frank Ching argues that while anti-government political activism might scare off investors in most countries, Hong Kong has benefited from its international reputation as a stable and investor-friendly economy. However, Ching says...

75% of Singaporean Expats Willing to Jump Ship: Poll

Anna Teo July 23, 2003
As companies expand their operations overseas, managing their workforce can become a much more complicated task. A poll of 240 Singaporean professionals assigned abroad found the majority frustrated with their companies’ repatriation process. Nonetheless, most of those polled were happy to go abroad, because they believe that managerial development and international experience gained overseas...

IBM Explores Shift of White-Collar Jobs Overseas

Steven Greenhouse July 22, 2003
The conventional wisdom on globalization in the US has held that unskilled jobs will gradually shift overseas, leaving American workers free to perform higher-paid, white-collar jobs. But now that IBM is considering moving millions of white-collar jobs to countries like India and China, politicians and technology workers are crying foul. Corporations like IBM argue that moving service jobs...

The Great Catfish War

July 22, 2003
Double standards abound when it comes to the 'catfish war' the US is waging against Vietnam. Eager to engage an old enemy, Washington promoted the decidedly un-Marxist idea of free trade in Vietnam's Mekong Delta and helped transform it into a prime exporter of catfish. But as soon as Vietnam started profiting and Mississippi catfish farmers started losing in the competition, the...

It's a Fat World, After All

Alison Langley July 20, 2003
Americans are not the only overweight people anymore. Thanks to food companies such as McDonald's and Kellogg, Americans are exporting their corpulence to the outside world. But the rising incidence of chronic, diet-related health problems such as diabetes and heart disease are leading to greater scrutiny of companies that manufacture processed foods. As with other goods, American food...

Young Foreign Workers Fill Summer Shortages

Steven Greenhouse July 20, 2003
Foreign students love spending time in American resort towns, but they don't always come as tourists. Over the summer months, when small vacation spots like Cape Cod, Montauk, or Wisconsin Dells flood with visitors, university students from Eastern Europe and elsewhere take jobs unfilled, or undesired, by their American counterparts. Many work 80-hour weeks at minimum wage, cleaning...