In The News

Latin Blues

Ernesto Zedillo March 27, 2006
Some analysts anticipate that successful populist campaigns, with irresponsible campaign promises and unrealistic goals, could plunge Latin America into economic disaster and thus reverse democratic gains from the past 20 years. Yet former Mexican President Ernesto Zedillo, now director of the Yale Center for the Study of Globalization, notes that every Latin American politician recognizes the...

Is Globalization Stealing EU Jobs?

March 23, 2006
Increasingly, Europe finds itself struggling to answer the question of how it can simultaneously endorse free trade and preserve traditional industries and the jobs associated with them. In an age of inexpensive Asian imports, outsourcing, and bids for corporate takeovers from foreign entities, Europe is understandably worried about the effects of globalization on its job base. Europe’s...

Ad Agencies Are Booking Passage to India

Geoffrey A. Fowler March 22, 2006
With American auto-insurance, credit cards, and medical x-rays, not to mention software development and IT needs, already managed by trained professionals in India, it was only a matter of time until Indian enterprise asserted itself on the culture of global consumerism. An article in The Wall Street Journal details the outsourcing potential India holds for ad and marketing agencies. Boasting a...

Insurance Industry Feels the Heat of Global Warming

Derrick Z. Jackson March 22, 2006
Severe droughts and floods, fires and blizzards, batter properties worldwide along with the insurance industry. As a result, a task force for the National Association of Insurance Commissioners will assess the impacts of climate change on the American insurance industry. This follows up on discussions in Europe, where insurers have warned about “massive financial losses from storm patterns...

The Poor Get Richer

Geoffrey Colvin March 17, 2006
Educators and politicians have long argued that a college degree provided substantially more income than the high-school degree. Now that income gap is showing small signs of closing; between 2000 and 2004, the income of high school graduates rose 1.6 percent, and the income of college graduates dropped 5.2 percent. The reason is disturbing, with the changing demands of a global economy, reducing...

Lessons in Learning to Live With Giants

Daniel Altman March 15, 2006
Fledgling soft-drink companies who want to compete with the big three – Coca-Cola, PepsiCo and Cadbury-Schwepps – face an uphill battle, even in their home markets. Developing countries embraced companies like Coca-Cola that made substantial contributions, such as building roads from distribution centers. Such infrastructure construction increased product distribution and improved government-...

A Bush Alarm: Urging US to Shun Isolationism

David E. Sanger March 13, 2006
President Bush’s vision for US foreign policy has evolved in five years. During his first campaign for president, Bush promoted a “humble foreign policy” and avoided talk of globalization. With 9/11, benign neglect turned to a go-it-alone search for security, with the invasion of Afghanistan and Iraq quickly following. But isolationist policies have not worked, and Bush is a late convert to the...