In The News

Globalization: Concept and Concerns

C. Rangarajan January 6, 2003
Writing for The Hindu, India’s national newspaper, C. Rangarajan outlines the concept of economic globalization and its problems. One of the concerns of the current period of globalization is its connection to unequal distribution of wealth within and between countries. Looking at ‘developing economies,’ and at India in particular, Rangarajan examines the impact globalization has had so far and...

Latin America's Explosive Debt

Hilton L. Root December 19, 2002
The spiraling economic woes of Argentina, Brazil, and other Latin American countries virtually fill the headlines every few months. What can governments in the region do to reverse negative trends and move their economies back to an era of growth and prosperity? Many people in Latin America blame open-market economic policies for their dilemma, and many politicians looking to win on election...

Activity at Korean Enclave Grinds to a Halt

December 6, 2002
In the past decade, as China opened its markets to foreign investment, the northeastern city of Dandong developed into a bustling center of economic activity. But its North Korean counterpart city across the border, Sinuiju, is still languishing in bleak poverty. North Korea has made plans to imitate China’s efforts in Dandong, however, by turning Sinuiju into an administrative center. The...

Increased Globalization Pivotal to Japanese Reform

Richard Katz December 4, 2002
Japanese exports have been at the forefront of the globalization of its manufacturing sector, and yet the Japanese economy as a whole remains remarkably insular. If Japan is to dig itself out of its current deep economic crisis, the solution has to be further opening of the country and increased globalization. - YaleGlobal

A Troubled Project Holds Warnings for Kazakhstan's Oil Sector

Mark Berniker November 19, 2002
Investments by multinational corporations can help bring skills, capital, and income to developing countries. But creating a mutually beneficial relationship isn't necessarily a smooth process, as this report from Central Asia explains: "ChevronTexaco has been Kazakhstan's primary oil and gas investor since 1993. Now, with disagreements halting a joint venture between the company...

US, Singapore on Brink of Sealing Free-Trade Pact

November 19, 2002
American and Singaporean negotiators spent most of last night negotiating the final terms of the first American-Asian free-trade agreement, which, if all goes smoothly, could be signed as early as next year. The two sides agreed on all but one major issue (that of capital transfers in-and-out of Singapore). Singapore’s geopolitical importance, with its modern technology and peaceful political and...

Controlling Iraq’s Oil: Not So Easy

Serge Schmemann November 3, 2002
Though the countries opposing the war in Iraq may have valid moral or ideological reasons behind their position, they also have trade ties to the country that might be threatened by a war. The US, on the other hand, may have economic interests driving it to push for an invasion of Iraq. America's motivations certainly may include security concerns, but the prospect of gaining a private gas...