In The News

Managing Globalization: How Diversification Can Act as a Hedge

Daniel Altman May 18, 2006
Bolivia’s steps to resume control of its natural gas industry from foreign multinational companies have not led to a drop in stock prices. Like the investors who protect portfolios with diverse investments, multinational firms rely on globalization and diverse geographic regions to protect their bottom-line profits. Of course, energy firms face limitations when it comes to diversifying based on...

Managing Globalization: Old Tax Breaks Fade in New World

Daniel Altman May 17, 2006
Businesses that open subsidiaries solely to reduce tax liabilities may want to think twice before relocating to China or India. Taxation has become more complicated as more firms go multinational and countries welcome more foreign firms. But governments continue to impose and enforce taxation, reports author Daniel Altman. Tax evasion and underreporting are challenges for China. Both China and...

L’Europe face à la mondialisation – Partie I

Patrick Sabatier May 16, 2006
Pendant que la concurrence mondiale s’intensifie, les gouvernements conçoivent des stratégies pour protéger leur marché du travail, leurs industries et leur réputation. Cet article en deux parties analyse les diverses approches adoptées pour répondre à la globalisation qui ont émergé en Europe, une en France et l'autre au Danemark. La France semble en tant que membre le plus protectionniste...

Europe Faces Globalization – Part I

Patrick Sabatier May 16, 2006
As global competition intensifies, governments devise strategies to protect jobs, industries and reputation. This two-part series analyzes contrasting approaches to managing globalization that have emerged in Europe, one from France and the other from Denmark. France appears as the most protectionist member of the EU, yet is open to foreign investment. The government has no problem with French...

Globalization’s Grave Challenges for the West

Robert A. Levine May 12, 2006
Globalization will proceed despite protectionism, and the West would be wise to devise policies that incorporate globalization’s inevitability. Without such policies, the standard of living in both the US and Europe could diminish: In Europe, slow growth will leave the continent trailing the US and Asia, making it ultimately dependent on tourism. The US may abandon its own guiding principles of...

The Global News War

Marcel Rosenbach May 5, 2006
The terms used to describe media globalization rely on metaphors of war – as more countries realize that a strong media presence is as powerful as traditional diplomacy. More industry leaders and governments struggle to portray events with new perspectives and reach new audiences. Emerging networks include Aljazeera International, a French version of CNN, and a BBC Arabic channel. Several...

A Setback for Democracy

Dilip Hiro May 4, 2006
Before the US-led invasion of Iraq, states throughout the Middle East had been loosening some controls, particularly in the economic and communication spheres. Increasing internet use and lively broadcasts from Aljazeera satellite TV gradually encouraged economic and political debate. But increasing debate did not automatically lead to representative government or elections. As chaos reigns in...