In The News

Poverty – Not Ideology – Must be World Bank's Focus

David Dickson March 24, 2005
When Bush administration-favorite Paul Wolfowitz was nominated last week to head the World Bank, much of the international community recoiled in shock. Many critics fear Wolfowitz's lack of economics credentials and his ideologically charged reputation make the neo-conservative unfit to head the World Bank. Yet David Dickson argues that Wolfowitz can prove the world wrong for crying, "...

The Global Footprint of an Indian Outsourcing Giant

Joe Bolger March 21, 2005
Bombay businessman Subramaniam Ramadorai and his company, Tata Consultancy Services (TCS), are looking for farther shores and a broader base to operate their ever-growing partnerships with western businesses. TCS, a multibillion dollar group based in India, has been among the strongest actors in the movement to outsource work from the West. The firm has many prominent big-business clients in...

The Limits of Transparency

Jacqueline Best March 18, 2005
After the 1997-1998 Asian financial crisis, critics chalked up the catastrophe to a lack of transparency in the region's business practices. The concept has since then become the latest Holy Grail in global finance reform. Yet because of inherent power structures built into the concept, transparency is an unhealthy obsession, argues Jacqueline Best. Besides being an oversimplified solution,...

Indian Diplomacy Energized by Search for Oil

Pramit Mitra March 14, 2005
China and India have faced parallel challenges attendant to their booming economies; the most recent is energy security. As Pramit Mitra writes, India will emerge as the fourth-largest energy consumer by 2010. And like China, in its quest to secure adequate resources, India has forged strategic alliances, several of which may render the United States none-too-pleased. On the plus side, India...

A Drug-Free Afghanistan Not So Easy

Paula R. Newberg March 7, 2005
The recent announcement of surging Afghan poppy production, while no surprise, is indicative of a dangerous trend – one that may ultimately undo the recovery of the fragile Asian state: Illegal poppy production now, more than ever, forms the basis of Afghanistan's economy. The fledgling state's existence as a cornerstone of both the war on terror and international anti-narcotics...

Leveraging the Dragon: Toward "An Africa That Can Say No"

Chris Alden March 1, 2005
China is extending its economic influence to every corner of the world, and natural-resource-rich Africa is no exception. Between 2000 and 2003, China-Africa trade volume increased from US$10 billion to US$18 billion. However, some fear that this bilateral relationship is not built on equitable terms. According to economist Chris Alden, Africa's trade deficit with China has increased...

Millions of Indians Await Benefits of Globalization

Jessica Einhorn February 25, 2005
At a time when many analysts predict a booming future for the Indian economy, India remains hesitant to fully embrace globalization. India and its neighbor China have been tagged as the world's next economic superpowers. Yet while China industriously makes its shores hospitable to foreign capital, Indian reformers continue to grapple with a long history of intransigent domestic opposition to...