In The News

Jakarta Blast May Deter New Investors

John Burton August 7, 2003
Before this week's bombing of the Marriott Hotel in Jakarta, Indonesia's economy had been steadily recovering from the 1997 Asian financial crisis, and foreign investors have been arriving in droves. Singaporean companies in particular have been attracted to the country because of increased political stability and a lack of ties to the US economy. The Indonesian government has courted...

Thailand Seeks Taiwanese Investors

Joyce Huang August 6, 2003
Proud of its economic recovery from 1997's Asian financial crisis and an impressive growth rate, Thailand is trying to attract Taiwanese investors. Taiwan is already the third largest foreign investor in Thailand, following only Japan and the US, but the kingdom hopes to increase the island's foreign direct investment by as much as 15 to 20 percent in a variety of sectors, ranging from...

The Long Reach of King Cotton

August 5, 2003
Subsidies to American cotton growers are deflating prices on the global cotton market and causing great hardship for poor farmers in Africa, says this New York Times editorial. If the subsidies were removed, the paper argues, world prices would stabilize at levels that reflect real costs, African farmers would profit from their comparative advantage in cotton production, and the US would look...

Knock, Knock…Who's There? Many Migrants!

Joseph Chamie August 5, 2003
All people have the right to leave their country, writes Joseph Chamie, Director of the United Nations Population Division, but they do not have the right to enter another without permission. As population growth soars in the developing world, this apparent contradiction is creating a dilemma for developed countries, which are being inundated with illegal migrants. According to Chamie, the...

Moving Money from One Pocket to Another

Shada Islam August 1, 2003
Europe's new farm subsidy reform package is not perfect, but it may help break the logjam in the WTO, says Shada Islam, a Brussels-based journalist specializing in EU trade policy. The EU farm reforms replace production subsidies with direct payments to farmers who meet food safety and environmental standards. EU officials argue that "decoupling" subsidies from production will do...

German Companies Look to Iraq

Aaron Kirchfeld August 1, 2003
Germany's efforts to rebuild its once extensive trade relationship with Iraq face many obstacles, not the least of which is residual tensions with the US from the Iraq War. The US and Britain remain reluctant to contract with companies from countries that did not support the coalition. At the same time, the German companies that are receiving contracts remain reluctant to discuss their...

Labor Flexibility to Be Boosted

Kim Sung-mi July 31, 2003
Business groups in South Korea have complained that their current labor laws are grossly obsolete, especially in a competitive international environment. The laws stipulate that employers who "illegally" lay off workers would face criminal charges including prison sentences of up to five years. An expert committee charged with revamping the current laws wishes to discontinue the use of...