In The News

A Global Power Shift in the Making

James F. Hoge, Jr. July 21, 2004
China has an economy that by 2010 will be double the size of Germany’s. Japan has fed off this growth to pull itself out of its 1990s economic malaise and enjoyed a real GDP growth rate of 6.4% in the last quarter of 2003. Elsewhere in Asia, the “tigers” have recovered from the 1997 financial crisis, and India’s economy is growing at 8% per year with some economists predicting that India could...

America's Korea Policy Needs an Overhaul

Stephen W. Linton July 20, 2004
Despite decades of American economic and military support for South Korea, in recent years younger South Koreans have begun to express virulently anti-US views. It is no longer only in meetings with North Korea's communist government that American visitors to the Korean peninsula confront charges of US economic imperialism, war-mongering, and colonial intentions. In fact, says Korea...

Wise Trade Policy Can Address the Roots of Terrorism

Edward Gresser July 8, 2004
A lot of ink has been spent in debating what is the best way to fight the growing terrorist threat coming essentially from Islamic parts of the world. One way the West can help drain the swamps that breed fundamentalism and terrorism is by removing a basic cause of anger and frustration – economic stagnation and unemployment. Trade expert Edward Gresser says the West needs to make its trade...

Immigration is Changing the Face of Suburban America

William G. Holt, III July 6, 2004
New immigrants to the US are settling in some surprising places. In the past, most newcomers to the US found comfort and kin in the urban centers of cities like New York, Los Angeles, and San Francisco. But increasingly, says sociologist William Holt, immigrants are settling in the suburbs of 'second-city' destinations like Atlanta and reversing a trend set by the earlier period of...

Power of Information Technology Awaits Unleashing

William Mougayar July 1, 2004
With no conclusive outcome reached at the UN-sponsored World Summit on the Information Society, developing countries will continue to lag behind developed countries in the vital Information and Communication Technology (ICT) sector. The author, William Mougayar, an independent scholar and management consultant, opines that the meeting should have focused on important issues such as network...

Terrorism Could Cost East Asia 3% in Growth over 5 Years: Study

Donald Urquhart June 22, 2004
A study by Australia's Department of Foreign Affairs and Trade has found that the long-term economic effects of terrorist threats are substantial. The developing economies of East and Southeast Asia are most vulnerable to negative effects, the report says, as they are more dependent on exports and foreign direct investment than developed country economies. Economic growth in the region...

Roh Stands by Deployment of Korean Troops in Iraq

Seo Hyun-jin June 22, 2004
The government will not give in to terrorists demands, says the President of South Korea. Iraqi militants are threatening to kill a South Korean national they captured in Iraq if Seoul insists on sending more troops to the war-torn country, but President Roh Moo-hyun says his country will not waver. Beginning in early August, South Korea will send another 3,000 troops to the country, making it...