In The News

China is stepping up in delivering foreign aid to impoverished African nations, but that is not good news for all Africans. “It is development assistance that is nondemocratic in origin and nontransparent in practice, and its effect is typically to stifle real progress while hurting ordinary citizens,” charges Moisés Naím, editor of “Foreign Policy” magazine. Some donors distribute billions, with...

Although there have been some costs, Britain has gained overall from the globalization of the last decade. Perhaps because of its colonial past, “The Economist” argues, Great Britain has embraced the economic shift in the developed world from manufacturing to services brought on by globalization. The country has seen a decade of solid economic growth and per-capita GDP levels surpassing those of...

In the race to find alternatives to traditional fossil fuels, an eager public often hails any new find as the solution to world energy shortages. Initial enthusiasm often fades as the reports of harmful complications emerge – and such is the case with biofuels derived from palm oil. Palm oil decreased carbon-dioxide emissions in the Netherlands, but environmental groups suggest that the emissions...