In The News

Sources: New Law to Jolt Outsourcing

Shen Jianyuan May 4, 2007
China is drafting policy to bestow preferential tax treatment for its firms that focus on information-technology (IT) or business-process outsourcing. “Industry insiders regard this as an effort to overtake India in the outsourcing industry,” writes Shen Jianyuan for “The Economic Observer Online,” adding that the new policies will define and boost an industry now described as “disorganized.” The...

Unions for a Global Economy

Harold Meyerson May 3, 2007
Workers are following the footsteps of business executives, expanding and gaining global influence by merging with counterparts in other sectors and around the world. “As unions begin their inevitable transformation into global entities, globalization's cheerleaders must define themselves more clearly, urges “Washington Post” columnist Harold Meyerson. “In other words, are they really for...

EU-US Summit: Hands Across the Ocean

José Manuel Barroso April 27, 2007
Despite persistent fears in the West about emerging competition from developing economies, a more immediate concern for Americans and Europeans is their own trade relationship. While the people of the European Union and the US together make up barely 10 percent of the world's population, bilateral business between the two accounts for fully 40 percent of all international trade. That is why...

Cures for the French Disease

Eric Chaney April 25, 2007
More than 80 percent of registered voters in France cast ballots – selecting “young candidates who pledged to change French political habits,” writes Eric Chaney, a former French finance ministry official for “The Wall Street Journal.” Conservative Nicolas Sarkozy and socialist Ségolène Royal will face off in the May run-off election, offering voters a clear choice between “giving more freedom to...

French Voters Fear Globalization

Angela Doland April 17, 2007
As predicted, conservative Nicolas Sarkozy and Ségolène Royal captured the first round in the French presidential election that featured globalization as a central issue. According to a survey last year, 64 percent of the French view globalization as a threat to their nation’s commercial autonomy. Yet the election revealed varied perspectives: Some candidates favored globalization, but with...

Who's Monitoring Chinese Food Exports?

Nicholas Zamiska April 13, 2007
Food inspectors have traced to China a contaminated ingredient in pet food that has killed an unknown number of animals. Wheat gluten is a common ingredient in pet food, cereal and pasta. The discovery of batches tainted with a pesticide illegal in the US raises questions about China's growing role in the international agricultural market. In 2006, 12 percent of world fruit and vegetable...

Global Growth Can Be Sustained, Says IMF

Larry Elliott April 12, 2007
General trends such as protectionism and aging populations pose more risk to the global economy than the problems of any specific nation, according to the biannual report on the state of the global economy from the International Monetary Fund (IMF). Recent stock-market jitters and the slowing US housing market are unlikely to dampen global economic growth, the IMF report notes. The US slowdown...