In The News

US Told to "Wake Up" Over Climate Change

David Adam December 13, 2007
In global talks about climate-change policy, the European Union would prefer some binding targets to reduce carbon emissions, while the United States argues that setting big goals, possibly unsustainable or unrealistic, is mere talk and a waste of time. The US would have more leverage in the global discussions if it weren't the world's largest energy consumer and carbon emitter....

Restored

December 13, 2007
After World War II, Korea was divided into two nations, north and south. The Korean War began after forces from the north invaded the south in 1950, after rival factions could not agree on a system of governance. Train service crossing the border ended in 1951 and did not resume after the 1953 ceasefire. Since then, South Korea has flourished, now the 11th largest economy in the world, while...

The End of Globalization?

Gabor Steingart December 12, 2007
Doubts expressed out loud can spur major movements. Such doubts about globalization are emerging in the US presidential campaign, as candidates question whether free trade is a source of the nation’s wealth or economic woes. Since World War II, US presidents supported a philosophy of free trade for spreading wealth and other benefits. “America's enormous trade deficit – and that in a country...

Common Currency Caveat

Eckart Woertz December 12, 2007
The Gulf Cooperation Council (GCC) was established in 1981 by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE, with all agreeing to some common objectives based on their Islamic beliefs in trade, security, agriculture and investment. Plans include uniting around a common market in 2008, which will “move beyond the free movement of goods and services that has been agreed upon in the GCC customs...

The Price of Gold

Jane Danowitz December 11, 2007
An 1872 US law – designed to encourage settlement of the American West – allows mining companies to extract gold from the ground without environmental clean-up. The American West has long been settled, and most mining firms taking advantage of the law are foreign-owned, explains Jane Danowitz in a Los Angeles Times opinion essay. Most of the gold goes toward making jewelry, yet Danowitz writes...

Why We Trade

Russell Roberts November 19, 2007
Debates featuring US presidential hopefuls feature complaints about trade deficits, outsourcing and the competitive threat of China. Author and professor Russell Roberts, though, offers the reminder that promoting foreign open markets and a protected one at home is no better than mercantilism. All countries are wary about such a strategy and won’t stand for it. On the other hand, free trade...

Technology in India and China: Running Fast

November 16, 2007
Clocks, zero and paper – these and many other fundamental innovations emerged in Asia. Yet around the 15th century, the surge in Asian innovation tapered off. Scholars seek to explain sources for innovation and posit that leaders must provide incentives for progress; internal or external forces can give inventors a sense of purpose. Today, Asians are eager to pursue innovation through education...