In The News

Africans Ponder Globalization Pros and Cons

Stephen Mbogo January 24, 2007
A debate is underway among anti-globalization activists attending the annual World Social Forum, held this year in Nairobi. The activists have traditionally expressed concern about how unrestricted trade and development can disrupt environmental protection, education, health care or culture in developing nations. But global interactions also provide opportunity and innovation, argue Africans who...

Globalization’s Unequal Discontents

William H. Overholt January 23, 2007
Sometimes globalization is a mechanism that levels playing fields and sometimes it is a bulldozer. Throughout history, globalization has often enriched business owners and risk-takers, while doing little for ordinary workers. In recent years, the modern workforce has gradually included more workers from China, India and other emerging nations, and that global competition has stagnated wages for...

Who Screwed Up Globalization?

Steven Weber January 23, 2007
Activists who attend the World Social Forum in Africa look for ways to slow or even reverse some parts of globalization. The activists worry about common global problems that go unsolved – pollution, global warming, health risks, overpopulation – because no profits stem from tackling such issues. Favorite targets for activists’ wrath, since the first World Social Forum gathering in Porto Alegre...

The Great Unbundling

January 23, 2007
The model of comparative advantage built on the works of Adam Smith and David Ricardo has rarely been challenged as the predominant rationale for international trade. With individual tasks of all sorts increasingly shipped overseas, some economists seek new theories to explain the logic behind the offshoring of services. Gene Grossman and Esteban Rossi-Hansberg, for example, have labeled...

The False Promise of Financial Liberalization

Dani Rodrik January 22, 2007
Free capital flow over the past 15 years was supposed to help developing nations, writes Dani Rodrik, political economy professor with Harvard University, with excess funds moving from wealthy nations to worthy projects around the world, smoothing out boom-and-bust cycles and decreasing corruption. However, Rodrik points out that the developing nations with the most successful economies – China,...

Muslims “Get” Globalization, But Does It Get Them?

Mehmood Kazmi January 22, 2007
The last half-century has seen an unmistakable rise in income levels and life-expectancy in Muslim-majority countries, but their citizens have a negative impression of globalization. International business consultant Mehmood Kazmi attributes this antagonism to the widening chasm of misunderstanding in Muslim-Western relations. With a history of cultural domination over the West followed by...

Globalism, RIP

Carl Pope January 19, 2007
Trade agreements do not have to ignore social and environmental standards, argues editor Carl Pope in “Sierra Magazine.” Trade agreements, like the Doha Round, will falter as long as negotiators do not prevent the benefits from accumulating among the wealthiest and bypassing the poor, he suggests. In the meantime, protectionist, isolationist and populist movements surge in developing nations....