In The News

Education Is No Protection

Bob Herbert January 26, 2004
Columnist Bob Herbert begins his New York Times op-ed with a critique of a conference held in New York to update executives on the new trend of outsourcing white collar jobs to countries with an educated but cheaper workforce. Such 'upscale outsourcing' is a relatively new phenomenon in much of corporate America. In the current US job market, prospects for white collar jobs already look...

Year of the Monkey Has Not Yet Brought Tourism Money

AFP January 23, 2004
Hong Kong’s tourist chiefs had hoped the island’s 1997 handover from British to Chinese rule would allow them to tap into the expanding mainland Chinese tourism market. But last year’s SARS outbreak affected both the island and the mainland and shattered Hong Kong’s travel industry. And despite the disease’s decline and China’s recent economic growth, this year’s Chinese New Year celebration has...

Globalisation: The Forgotten Strategy

Pankaj Ghemawat January 21, 2004
Multinational corporations have employed different global corporate strategies in their efforts to adapt to the growing mobility of capital resources. Originally, the approach was to use economies of scale to compete in foreign countries with large domestic markets. Large firms can use their size to average fixed costs over many more products, bringing overall costs down compared to their smaller...

Schooled by Scandal

John Plender January 21, 2004
If anyone thought that the accounting scandals of Enron, WorldCom, and Global Crossing were a distinctly American phenomenon, the results of the past few weeks – Parmalat, Adecco, and Ahold – prove otherwise. On both sides of the Atlantic, dark-dealings among executives was one part of the scandal, the other was improper accounting oversight. But the case of Paramalat has highlighted an even...

Will Washington Return to Supporting Freer Trade?

Susan Ariel Aaronson January 20, 2004
Has the US led the world in promoting a pro-free trade agenda? Looking at the rhetoric emanating from Washington in the early days of the Bush administration, one may think so, says globalization scholar Susan Ariel Aaronson. But looking at Washington's actions over the past two years, we must reach a different conclusion, she argues. US intransigence on decreasing subsidies to its...

At Conference, Fox Backs Bush's Guest-Worker Plan

Elisabeth Bumiller January 13, 2004
At a 34-country meeting in Mexico, achieving agreement on a free-trade zone of the Americas seems unlikely, says this article in the New York Times. Washington's hope to achieve a Tree Trade Agreement of the Americas by 2005 faces multiple hurdles. The presidents of Brazil, Venezuela, and Argentina are wary of an American-led free trade zone, arguing that their countries' prior...

Sugar, Textiles Sour on CAFTA Deal

Jane Bussey December 19, 2003
US trade negotiators had no sooner finished closing a deal with four Central American countries when US textile and sugar industry representatives began crying foul. The Central American Free Trade Agreement would result in sugar industry job losses in the US, say its critics, and permit Chinese, Mexican, and Canadian textiles assembled in Central America to enjoy favorable import rules when...