In The News

China’s Plan for Global Warming: Wait for the US

Michael Richardson June 5, 2007
China is poised to become the world’s largest emitter of greenhouse gases, surpassing the US. Yet, at this point, while rhetoric from both governments shows growing recognition that climate change could wreak havoc with the global economy, both nations decline to set a mandatory cap on carbon emissions. Instead they claim to rely on improving industrial efficiency to reduce greenhouse emissions....

Lost In Translation

June 1, 2007
As part of an ongoing blame game between China and the US, Washington officials want reevaluation of the yuan. However, China actually could gain the most from any reevaluation. First, the yuan may not be undervalued all that much. China’s large bilateral trade surplus reflects a changing supply chain in Asia. The US used to buy goods from other Asian nations, but today China imports goods from...

Global Rush to Energy Crops Threatens to Bring Food Shortages and Increase Poverty, Says UN

John Vidal May 25, 2007
No one denies that there are benefits when a country adopts biofuel to supplement oil as a source of energy. But while production of biofuels could help stabilize oil prices and create new markets, the poor could also experience higher commodity prices. Not surprisingly a recent UN report warns governments to take into consideration the human and environmental impacts, which could have dire...

Sudan-Chad Deal – Another Saudi Diplomatic Win

Abdulaziz Sager May 21, 2007
A slow response on the part of the international community and the challenge of mediating between the regional combatants has stymied efforts to halt the violence in Darfur. Saudi Arabia may have made some progress on the latter front, after successfully negotiating an agreement between Sudan and Chad to cease fighting along their shared border. Although African Union and United Nations...

A Book Review: Bound Together

Paul Freedman May 17, 2007
Globalization, the process of growing interconnectedness, is not a new phenomenon. All that’s new is the ease and speed of the connections. In his book, Nayan Chanda, editor of YaleGlobal Online, follows the exploits of historical traders, preachers, adventurers and warriors in shaping our world, and identifies their modern counterparts at work today. The categories provide insights into...

Brazil to Break Merck AIDS Drug Patent to Lower Price

Katia Cortes May 17, 2007
Brazil’s president signed an order to override the patent of Merck and Company’s signature AIDS drug, thereby opening the field to lower-cost producers to sell generic versions of the drug. Citing a 2001 World Trade Organization ruling permitting countries to overrule drug patents in cases of national health emergencies, Brazil rejected Merck’s offer to reduce the price of Efavirenz, part of an...

Wolfowitz Saga Exposes Structural Flaws of the World Bank

Devesh Kapur May 15, 2007
Reactions to the conflict-of-interest allegations against Paul Wolfowitz, president of the World Bank, have been muted: Europe won’t criticize Wolfowitz much for fear of losing its monopoly over the IMF; countries that depend on World Bank funding may regard the scandal as leverage against strict expectations about corruption within their borders; and up-and-comers such as India and China seek...