In The News

China Begins to Fulfill Its Potential for Big Profits

Andrew Batson October 19, 2007
Multinational corporations look to China for huge potential profits. The investment climate has transformed – a decade ago, less than half of foreign companies in China ran profitable operations and now more than 80 percent collect profits. China’s WTO bid lowered bureaucratic barriers, thereby allowing foreign businesses to tap into the domestic market. Meanwhile, personal consumption has...

Navigating the Choppy Waters of Globalization

Madelaine Drohan October 18, 2007
Headlines decrying a foreign takeover of large domestic-based businesses have been a common sight since the 1980s. However, as columnist Madelaine Drohan points out, these purchases happen all over the world, by independent companies from a diverse set of countries. She sees no hegemon struggling to rise to global economic domination through strategic purchasing, although the UK, the US and most...

Thanks China, Now Go Home: Buy-up of Zambia Revives Old Colonial Fears

Chris McGreal October 5, 2007
Sino-African trade has reached unprecedented levels, but the debate over its benefits for Africa rages on. Intent on acquiring natural resources to continue its blistering rate of economic growth, China turns to African nations for oil, metals and other valuables. In return, African governments, like the one in Zambia, receive huge aid and development packages and loans at below-market rates...

Let’s Have a Real Debate on Globalization

Matthew J. Slaughter September 28, 2007
Many workers in the US fear that the United Automobile Workers’ strike against General Motors signals that the domestic auto industry is “losing” at globalization. The strike has ended, but some workers urge the federal government to scale back US involvement in international trade, most notably with emerging markets like China. Economist Matthew Slaughter counters that globalization has netted...

Global Risk of US Credit Crisis – Part II

David Crane September 24, 2007
The globalization of finance has made vast amounts of capital available to many across the world, allowing select leading firms and individuals to become fabulously wealthy. But a lack of effective regulation and opaqueness of many financial instruments also exposed many firms and individuals to enormous risk. Globally connected financial markets and high-speed technology mean that one nation’s...

An Opportunity for Wall St. in China’s Surveillance Boom

Keith Bradsher September 17, 2007
Like other industries, surveillance is booming in China and attracting overseas investors. Hedge funds in the US profit by investing in firms that develop and apply high-tech internet censorship, face- and behavior-recognition software, and video feeds. Some Chinese firms, like China Security and Surveillance Technology and China Public Security Technology, incorporate in the US to attract...

India's Lower Castes Seek Social Progress in Global Job Market

Emily Wax September 5, 2007
For 3000 years, India operated with a caste system; from birth, Indians understood their status and role in society. Prohibited by law, the caste system remains a source for discrimination in India. By law, the public sector and public universities set aside a percentage of jobs for people born into the lowest castes, and activists encourage similar affirmative-action programs within the private...