In The News

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...

Arab Press Review

Salamander Davoidi August 1, 2003
Anti-American sentiment pervaded Arab newspapers this week. The intensity varies from writer to writer, as does the focus; however, this weekly survey of Arab newspapers shows Middle Eastern media united in their denouncement of American power. One heated Syrian journalist described the US government as violent and stupid, and denounced the US for imposing sanctions on Syria until it has...

For Now, Hong Kong Protests Do Not Faze Investors

Frank Ching July 29, 2003
In Hong Kong, the recent mass demonstrations against proposed anti-subversion legislation have not shaken foreign investors' confidence. In the following essay, Frank Ching argues that while anti-government political activism might scare off investors in most countries, Hong Kong has benefited from its international reputation as a stable and investor-friendly economy. However, Ching says...

Vendors Ready for Enactment of Copyright Law

M. Taufiqurrahman July 29, 2003
The word on Indonesia's streets is that police raids on vendors of pirated goods will begin this week. These raids are meant to show the country – and the United States – that the Indonesian government is committed to enforcing a newly passed law protecting copyrights. The law was created in order to avoid economic sanctions from the United States for gross violations of intellectual...

Bilateral Deals are No Threat to Global Trade

Daniel Griswald July 27, 2003
Critics maintain that the Bush administration's efforts to sign bilateral trade agreements with Chile, Singapore, and a few other small nations threaten the global trading system. However, international trade specialist Daniel Griswald argues that bilateral agreements don't threaten the multilateral system, but advance it. Bilateral agreements not only open markets to US exporters, he...

IBM Explores Shift of White-Collar Jobs Overseas

Steven Greenhouse July 22, 2003
The conventional wisdom on globalization in the US has held that unskilled jobs will gradually shift overseas, leaving American workers free to perform higher-paid, white-collar jobs. But now that IBM is considering moving millions of white-collar jobs to countries like India and China, politicians and technology workers are crying foul. Corporations like IBM argue that moving service jobs...

Cancun: A Battle for Life

Yanuar Nugroho July 16, 2003
Developing countries must be prepared to wage war on unfair trade regulations at the next round of WTO talks in Cancun, says an Indonesian scholar in the Jakarta Post. Recession has slowed the economies of the developed world and the September meeting in Cancun will likely be aimed at reducing trade barriers and opening the markets of developing countries to rich nations like the United States...