In The News

Union Disrupts Plan to Send Ailing Workers to India for Cheaper Medical Care

Saritha Rai October 12, 2006
It is no secret to American companies that prohibitive costs of providing healthcare to their employees eat into their profit margin: the consulting firm McKinsey and Company estimates that by 2008, top U.S. companies will be spending as much on health care as they made in profits, forcing the scaling back or eliminating of benefits. In response, some firms have begun considering employees...

Global Sludge Ends in Tragedy for Ivory Coast

Lydia Polgreen October 10, 2006
When a tanker leased by Trafigura, a multinational oil and metal trading company, docked in Amsterdam and hired the Amsterdam Port Services (APS) to process the waste it was carrying, the toxic sludge was found to be hazardous. Refusing to pay the high price asked by the APS to dispose of the material, the tanker took the waste back on board. Several weeks later, the tanker arrived at Abidjan,...

Managing Globalization: “You like tomato and I like tomahto”

Daniel Altman October 6, 2006
Agreement on standards allows people to understand or use a product in more locations. Standards – such as the shape of an electric plug or the height of a chair – are the “glue” that hold the global economy together, according to journalist Daniel Altman, and cover engineering, manufacturing, packaging and transportation. Because of standards, manufacturers know how to design a product and...

How to Fix the Global Economy

Joseph E. Stiglitz October 4, 2006
The world has many imbalances, including ballooning debt held by the US and China’s growing trade surplus. World leaders recognize the problems – but tend to place blame on policies from other countries. Economist Joseph Stiglitz suggests that the problems are interconnected in many ways, systemic in nature, and therefore require a global effort. He urges every country to examine its own...

Migrants Enrich Ever More Anxious Host

Stefan Wagstyl September 26, 2006
Economists argue that immigration is good for a country’s overall growth – even as some national leaders concede that controlling immigration is near impossible. But other analysts question the social costs of alienation of many Muslims or resentment from working-class Britons about high unemployment rates. Some anxiety also emerges about growth in and of itself, as populations swell and strain...

An Interview With Claus Frederiksen

September 26, 2006
The following is a transcript of Nayan Chanda's interview with Danish Minister for Employment Claus Frederiksen, conducted on September 13, 2006. The minister explains Denmark’s “flexicurity” policy, which gives employers flexibility in hiring and firing while offering ample job assistance and re-training to the unemployed. – YaleGlobal

Alcohol Pickle

Adam Cohen September 25, 2006
The government of Finland has historically curbed alcohol through high taxes on the beverages. European Union law, however, permits individuals to carry alcohol throughout the bloc without restriction. Since the tax reductions, crime and alcohol-related illness have escalated in Finland, prompting the Finnish government, now holding the EU presidency, to propose higher alcohol taxes throughout...