In The News

An Interview with Thomas L. Friedman

February 23, 2006
New York Times foreign affairs columnist and author Thomas L. Friedman talks about the next edition and updates to his bestselling book, "The World Is Flat," with Nayan Chanda, editor of YaleGlobal Online. A full transcript of their conversation follows.

Globalization Spawns Port Situation

Douglas Birch February 23, 2006
Controversy surrounding a plan to transfer management of six US ports from a British company to Dubai Ports Worldwide reveals the complexities of US-Arab relations. Dubai belongs to the United Arab Emirates, not known for radical Islamic politics. In fact, the UAE is a key Arab ally of the US, with US Navy ships frequently moving in and out of its ports. The al Dafrah Air Base facilitates US...

Managing Globalization

February 22, 2006
Experts agree that globalization is inevitable, offering both positive and negative effects, and that the major problem is the world’s lack of institutions to contain the negative effects. In 2003, the private-sector arm of the World Bank created the “Equator Principles” in an attempt to fill the missing role. The guidelines cover the social and environmental impact of major projects such as...

Mittal Steel Executive Finds Support for a Takeover Bid

Saritha Rai February 21, 2006
The owner of the largest steel company in the world is meeting some resistance after making a $22.7 billion bid for its French rival, Arcelor. The proposed takeover by Mittal Steel, owned by an Indian national, Lakshmi N. Mittal, has sparked an intense concern in Europe. Mittal denies suggestions that a clash of business cultures could result, emphasizing the company’s international character...

Immigration’s Role Often Overlooked in Global Economy

Leif Brottem February 21, 2006
The flow of immigrants from the global south to North America and Europe in search of work is often overshadowed by the flow of goods, capital and information. The financial support immigrants provide to developing countries once they settle elsewhere is 50 percent greater than the development aid to those same countries from all other sources. Increasingly, however, the US and the EU are...

How to Ease the Pain of Globalization

Catherine L. Mann February 17, 2006
Frequent news articles detail the offshoring of information technology (IT) jobs, sounding alarms for all US workers. Catherine Mann suggests that such alarm may be unwarranted and points out steps to maximize the benefits of globalization. Research indicates that the globalization of IT actually promotes productivity, creates new jobs, reduces inflation and enhances innovation, both in the US...

Companies in Emerging Markets Show Clout in Global Deal Game

Jason Singer February 17, 2006
Some critics of globalization think of market liberalization as “neo-colonialism.” Western companies, they claim, reap profits from exploiting cheap labor of the developing world. Yet recent corporate maneuvers suggest that globalization is a far more complex process. Since 2002, companies from emerging markets like India and China have bought up Western competitors with increasing frequency. The...