In The News

The Challengers

January 15, 2008
The world is making way for the ambitions, innovations and confidence of multinational companies based in emerging economies, reports the Economist. Examples include Tata Group, owner of Tata Motors, which just released a tiny fuel-efficient car that costs a mere US $2500; Embraer of Brazil, the world's third-largest aircraft company; and Wipro, Infosys and Tata Consulting Services, which...

Europe Takes Africa’s Fish, and Boatloads of Migrants Follow

Sharon LaFraniere January 15, 2008
Huge industrial trawlers, most from Europe, push through waters off the African coast, efficiently scraping sea beds clean of fish. Such nonselective industrial fishing has devastated fish populations and habitat, destroying a livelihood and encouraging more African fishermen to use their boats to assist fellow Africans in fleeing their homelands for work in Europe. Governments throughout Africa...

Stop the World (and Avoid Reality)

Alan S. Blinder January 14, 2008
The US was long the most open and competitive economy in the world. But candidates for US president, both Democrats and Republicans, respond to voters’ desire for a time out from international engagement, a mood labeled “Stop the World Syndrome,” by economist Alan Blinder in an opinion essay for the New York Times. The attitude stems from frustration over the long wars in Iraq and Afghanistan as...

In Singapore, A Local Switzerland for Asia's Wealthy

Wayne Arnold January 11, 2008
Singapore’s authoritarian order and highly regulated environment attracts foreign investors who value banking secrecy. Coupling a pro-business stance with amenities that appeal to the wealthy, Singapore has become a haven for private banking. While suppression of free speech and artistic expression is bothersome, Wayne Arnold reports for the International Herald Tribune that internal security...

The IMF’s Next Mission?

Harold James January 10, 2008
With imbalances threatening ongoing disruption to the global economy, Harold James, history and international relations professor at Princeton University, proposes a new task for the International Monetary Fund. In the past, the IMF has served as a crisis manager for global economic problems, and James proposes that the IMF assist nations with massive sovereign funds. China has $1 trillion in...

World Food Stocks Dwindling Rapidly, UN Warns

Elisabeth Rosenthal January 10, 2008
Extreme weather events, a growing population, increasing affluence adding more meat to diets and diversion of grain crops for subsidized biofuels have led to depleted food reserves and soaring prices reserves. High oil prices add to the complications of transferring food aid to the most vulnerable developing nations. Wealthy nations can compensate by reducing tariffs and importing more grain,...

An Empowered Middle East – Part I

Pranay Gupte January 10, 2008
President George Bush’s trip to the Middle East comes at a time when Iraq is stabilizing and the oil-producing countries’ fortune is rising. Bush will visit Israel and Saudi Arabia, also making stops in Palestine, Kuwait, Bahrain, the United Arab Emirate and Egypt, perhaps even Iraq and Lebanon. Along the way he’ll witness results of US foreign policy – diplomacy, intervention and some neglect. A...