In The News

Magazines Take China Plunge in Search of Growth

February 7, 2003
With global advertising sales down and China’s economy up, several big US magazines have entered the Chinese market. Undaunted by the prospects of government censorship, Newsweek, Harvard Business Review, and Forbes are following in the footsteps of Time and Fortune, which currently publish or have published Chinese-language editions. In a nod to government censors' concerns, however,...

Food Imports: Tough New Checks

February 5, 2003
Thailand’s announcement of more stringent inspections of food imports from the EU and other areas comes after the EU’s own announcement of stricter regulation against Thai food imports. Thai officials claim the new policy is not a retaliation against the EU, whose more rigorous inspections have caused Thai food exporters large financial losses. - YaleGlobal

Lessons from History: Globalization Then and Now

Harold James February 5, 2003
The debate about globalization has changed since September 11th. Princeton University history professor Harold James points out that the terrorist attacks have led to calls for more controls on the free flow of capital, goods, and people, while the Enron scandal has sparked debates about regulation of business practices. Citing numerous historical parallels, James shows how such responses to the...

A Better Life on the Production Line

Dan Roberts February 5, 2003
Since the mid-1990s, China’s leaders have thrown open their borders to virtually any multinational corporation that could inject millions of dollars into the nation’s economy. More importantly, these companies bring the information technology China so desperately craves. The cost of this foreign investment, however, is the establishment of a sweatshop industry that provides wealthy countries...

Number of Hong Kong Emigrants Hit 22-Year Low Last Year

February 4, 2003
The shrinking of economies in Western countries, particularly in the United States, Canada, and Australia, has led to Hong Kong emigration figures tapering off in the past eight years. The better life once guaranteed by immigration has been slowly changing. If anything, China’s own entry into the globalization arena has seen its economy expand much faster, thereby attracting some of those...

Cash Went North; 'Why' Not Clear

Lee Sang-il January 31, 2003
An investigation in Seoul is casting some shadow on a Nobel Peace prize winner. Government investigators in Seoul have discovered that the South Korean government transferred $200 million to North Korea before the historic summit meeting between the two countries' leaders, Kim Jong Il and Kim Dae Jung, in June 2000. The same year, Kim Dae Jung was awarded the Nobel prize for his role in...

Nod for China-Taiwan Oil Search

January 30, 2003
Economics may trump politics in the 21st century, if recent Taiwan-China cooperation is any indication. Despite bitter relations for the past half-century, Taiwan and China are putting aside their political differences in the name of economic efficiency – at least for the moment. They have chosen to search jointly for oil in the Tainan Basin, the body of water that separates the two countries...