In The News

Friends with the Dragon

C.V. Ranganathan June 24, 2003
Indian Prime Minister A.B. Vajpayee’s visit to China has attracted the world's attention. Many are hopeful that a mutual agreement can be reached to thaw cold political relations of the past. In this opinion piece in Outlook India, C.V. Ranganathan, a former Indian ambassador to China, emphasizes the importance of more mutual understanding and cooperation between the two countries....

穷人喜欢全球化

David Dollar June 23, 2003

Europe Set to Begin Digital Tax

Bob Tedeschi June 23, 2003
Unlike traditional trade transaction, e-commerce conducted online across national borders creates new tax issues that can be confusing. As Europe's number of internet users grows and overtakes the US and Canada, the European Union (EU) is scheduled to begin a new value-added tax plan, which will levy taxes on all imported goods and services purchased over the Internet. Foreign companies,...

The Homes of Argentines Are at Risk in I.M.F. Talks

Larry Rohter June 23, 2003
In an echo of the harsh economic policies prescribed by the IMF in Southeast Asia after the 1997 Asian Crisis the organization is asking the crisis-ridden Argentina to adopt severe belt-tightening measures. For homeowners across Argentina, the prescribed cure for financial crisis may prove more devastating than the economic disease. In a country still reeling from months of economic chaos, the...

Europe Snubs World's Poor

June 23, 2003
The European Union’s (EU) continued reluctance to reform its agricultural subsidies is criticized in this New York Times editorial. After a host of high-profile summit meetings and private conferences, it says, reform plans for Europe's agricultural policies will be "watered down as to virtually meaningless." One of the proposed plans is to reform the subsidy on Europe's cows...

The Poor Like Globalization

David Dollar June 23, 2003
More, not less, economic integration is good for the world, according to a worldwide poll, conducted by the Pew Global Attitude Survey. David Dollar, Director of Developmental Policy at the World Bank, cites findings from the survey to support the argument he has made in the past that globalization indeed helps reduce poverty and inequality. He points to a significant decrease in the number of...

Migrants Tell How Boat Split and Sank off Tunisia

Reuters June 22, 2003
The impact of the economic crisis gripping Africa is washing up on the shores of the Mediterranean. A stream of boats make regular crossings between Africa and nearby Italy, bearing scores of illegal immigrants desperate to escape war-torn countries and faltering economies. The trip is a dangerous one – a boat carrying 250 migrants capsized off Tunisia last week, killing most of the passengers....