In The News

Natalie Soh May 28, 2003
According to Infocomm Development Authority of Singapore (IDA), less than 25% of Internet users in Singapore shop online. The need to touch and fee are important reasons why consumers prefer to shop at stores. Online security and the relatively long period it takes for products to ship to Singapore also deter consumers looking for instant gratification. However, IDA anticipates that as...
Lee Hsien Loong May 27, 2003
In the contemporary moment, no country is immune from the possibility of religious and sectarian violence, and the threat of global terrorism. In this speech to a Malay-Muslim youth organization, Singapore’s Deputy Prime Minister, Lee Hsien Loong, emphasizes the importance of cultural and religious pluralism, and the critical role of Malay-Muslims in Singapore's continued growth and...
Tad Friend May 26, 2003
In a telling commentary that combines capitalism in Hollywood with the American Dream, a contributor to the New Yorker magazine, Tad Friend, takes the reader through the making of Roy Lee as the "remake king." Lee, a Korean-American, whose parents moved from South Korea to the United States in the late 1960s, has carved out a unique role for himself in Hollywood: It is one that...
May 23, 2003
Even though the new US embargo is not the first of its kind against China, it is the biggest in scope and it comes only a week before the two countries’ leaders meet in Russia. China sold weapons to Iran during its conflict with Iraq in the 80’s, but the US says a more recent arms sale breaks a weapons proliferation agreement reached between the US and China in 2000. The trade sanctions are...
Jeorge Zarazua May 19, 2003
The war on Iraq has negatively affected the traffic on the international bridges between Southern Texas and Mexico, with substantially fewer travelers crossing the U.S.-Mexico border in the past two months. Making the situation worse, say some Texas-side business owners, are Mexico's decision to lower its gas prices along the border - which gives Mexican drivers one less reason to visit the...
David Pitt May 16, 2003
Factories in rural America are experiencing significant layoffs that threaten the stability and growth of the rural American economy. A major factor for this economic downturn is globalization: workers in rural America now compete with workers everywhere. A refrigerator factory in rural Illinois is scheduled to close, leaving 1,600 workers without jobs, and crippling the local economy. The...
H. A. Harry Hendrarto May 14, 2003
The World Fair Trade Day on May 17 highlights sustainable development and the connections between economic production and the environment globally. Free trade has benefited the developed world and contributed to increasing poverty in the developing world, says the author of this article. Countries in Europe and North America have the greatest share of revenues from free trade. International...