In The News

US Immigration Policy Fritters Away Higher-Education Benefits

Hassan Siddiq, Susan Froetschel October 31, 2007
A halfhearted embrace of globalization prevents the US from reaping full benefits of the students who attend its universities, allowing them to slip away to other countries. American universities attract some of the best students, enriching the talent pool and filling coffers, but a narrow-minded immigration policy squanders the benefits. Some analysts go as far as to suggest that science and...

The Globalization Index 2007

October 26, 2007
In the seventh annual assessment of the progress of globalization, Foreign Policy magazine and consulting firm A.T. Kearney rank the 20 most globalized nations in the world and seek to explain some of the recent shifts. Using data from 2005, they compared states along four dimensions: economic integration, personal contact, political engagement and technological connectivity, with particular...

Gale Warning, Global Burden Sharing

Joergen Oerstroem Moeller October 19, 2007
Global questions of political economy have traditionally revolved around sharing public goods or dealing with crises. Today, however, the world must decide how to distribute the costs of tremendous challenges that are looming over the horizon. Joergen Oerstroem Moeller, visiting senior research fellow with the Institute of Southeast Asian Study, anticipates the world to be buffeted by the...

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...

Globalization With Arab Characteristics

Marcus Noland October 17, 2007
A young workforce can be a great economic asset. Yet Arab states, with booming populations, desperately need to increase employment opportunities for young adults. Foreign investment has stagnated, limited to oil and tourism as firms remain wary of weak intellectual property rights and uncertain political transitions. Meanwhile, state-dominated economies have failed to achieve linkages to outside...

IMF Fuels Critics of Globalization

Bob Davis October 16, 2007
Technology and foreign investment do not distribute their vast benefits in evenhanded ways, suggests a new report from the International Monetary Fund. “The report is an unusual admission by the IMF of the downsides of globalization,” reports journalist Bob Davis for the Wall Street Journal. The IMF also points out that benefits from trade do have a wide distribution, but anti-globalization...

Inequality in India and China: Is Globalization to Blame?

Pranab Bardhan October 15, 2007
Globalization undoubtedly has many complex and unintended consequences. However, Pranab Bardhan, economist at University of California, Berkeley, argues that globalization cannot be credited as either an evil force responsible for rising inequality or a virtuous one behind falling poverty rates in the developing world. Conventional wisdom holds that notable increases in inequality and steep...