In The News

Oil Majors Say US Restrictions Delay Iran Projects

Benoît Faucon June 12, 2008
Despite surging oil prices, companies investing in Iranian energy projects confront long delays. The US has long imposed sanctions on Iran, and as a result, it becomes more difficult to use American technology or equipment, hindering many foreign ventures in Iran. US companies once exploited legal loopholes to continue operations in Iran, but the September 11th attacks ended that strategy. The...

EU Enlargement: The Dark Side of Globalization

June 2, 2008
As the European Union opened trade and borders, foreign investors set up shop in communities throughout the former Soviet Republic. For example, Samsonite opened a factory in Samorin, Slovakia, in 1997. But the jobs and economic development were short-lived, with Samsonite moving its production line on to China a decade later. “Samorin is a witness to the way that globalisation is fragmenting as...

Keep America Open to Trade

Carlos M. Gutierrez May 28, 2008
Like other countries, the US confronts rising energy, housing and food prices – but limiting immigration or reducing trade will not alleviate such economic problems. The US secretary of commerce and the governor of California urge that the US continue open policies on trade and immigration. In an opinion essay for the Wall Street Journal, Carlos Gutierrez and Arnold Schwarzenegger, both...

The Russians Are Coming: Moscow Investors Go on Shopping Spree for German Companies

Alexander Jung May 1, 2008
Russia – the world’s largest exporter of natural gas and the second largest exporter of oil – is collecting big profits as importing nations scramble for supplies. As a result Russians have the money to invest in foreign markets. “Russian investors have been traveling through Germany for months, buying up companies, eyeing almost every industry,” reports a team of writers with Spiegel Online. “...

China Ascendant – Part I

Bertil Lintner April 25, 2008
Athletes and Chinese guards bearing the Olympic torch cut a swath through those supporting and protesting a rising China. In this series, YaleGlobal examines the impact of China’s ascendancy. China’s economic growth has given it new resources which, when doled out internationally, have the power to shift diplomatic allegiances. In Southeast Asia, China relies on a strategy of giving below-market...

“Telemedicine” Links Africans to Indian Expertise

Barry Malone April 16, 2008
Using its information-technology expertise, India has launched a telemedicine project that allows doctors in Ethiopia to consult on images or lab results online with physicians, based in India, 2000 miles away. “Ethiopia's health problems are mirrored across Africa where doctors and nurses are often overworked and underpaid, villagers have to walk miles to the nearest clinic and drugs and...

America for Sale: 2 Outcomes When Foreigners Buy Factories

Peter S. Goodman April 16, 2008
The debate over globalization’s effects on the US economy has become a focal point of the presidential campaign. Outsourcing jobs is a major concern of voters, and with good reason. In Michigan alone, as New York Times’ writer Peter Goodman notes, more than 300,000 manufacturing jobs have been lost to foreign competition during the last eight years. Yet globalization encourages foreign investment...