In The News

US Economic Folly Should Worry Us All

Joseph Stiglitz September 17, 2003
US President Bush's recent request for global financial support to pay for the war in Iraq has met with little sympathy and more than a little gloating from countries who argue the US should never have entered Iraq. Compounding the world's amusement at Washington's financial problems are the Bush tax cuts that have decimated the budget surplus that existed when he came into office...

Protesters Swarm the Streets at W.T.O. Forum in Cancún

Ginger Thompson September 14, 2003
Developing nations lost the trade battle this weekend in the WTO talks, as richer countries pushed through a proposal that kept most of the 3 billion dollars worth of agricultural subsidies intact. Defending the subsidies, which nations in Africa and Latin America consider akin to "dumping practices" and which the US and EU states call necessary, wealthier nations called on groups such...

Two Years Later, a Thousand Years Ago

Robert Wright September 11, 2003
Until September 11, some viewed the globalization of American values in terms of a manifest destiny. However, on 9/11 nineteen hijackers "turned the tools of globalization against the system" and blew that view to pieces. Two years later, skepticism about globalization's benefits still persists. For evidence, one need only notice that anti-American terror networks still abound,...

Protests Greet Yet Another WTO Meeting

Pranab Bardhan September 8, 2003
As the World Trade Organization prepares to meet in Cancun, Mexico, backers and detractors of globalization are clashing again, with each side claiming to represent the interests of the world's poor. Those opposed to globalization in its current form point to an increase in inequality and poverty in countries that have opened up to international capital and corporations, while supporters...

Reality TV Rivets Africa, to the Churches' Dismay

Marc Lacey September 4, 2003
“Big Brother”, the reality television show that gained success in the Western world, has found a new audience in Africa. The African version has become the most popular show on the continent, with 30 million Africans tuning in to watch 12 young professionals from a diverse group of countries live together as housemates, sharing disagreements and romantic entanglements. While some religious and...

How Not to Be a Boiled Frog

Chua Lee Hoong September 3, 2003
Wages are not the only factor that leads to higher labor costs; corporate payments to retirement plans do as well. Foreign companies seeking to raise the bottom line search for countries with the lowest labor costs, often leaving formerly cheap nations for even cheaper ones. And Singapore has felt such a phenomenon first hand. Ten years ago Singapore enjoyed foreign direct investment (FDI) of...

SARS: Down but Still a Threat

August 31, 2003
In a recently released report on Severe Acute Respiratory Syndrome (SARS) the Central Intelligence Agency says that although the Sars wave has been overcome it has not been eradicated. Despite the announcement by the World Health Organization that on 5 July the disease was contained, the agency says that many health experts fear it could return again in the fall when cooler temperatures return...