In The News

“Made in China” Label Spurs Global Concern

Paul Mooney August 23, 2007
As lead exporter in many types of products, China takes pride in serving as factory to the world. But a spate of tainted products and recalls involving goods made in China gives many global consumers pause. China’s reaction includes denials, scapegoating and even the fast execution of one government official accused of taking bribes to allow production of shoddy goods. But the government has also...

Health Care Costs to Squeeze Capitalism

Kenneth Rogoff August 21, 2007
Heath-care costs are becoming a higher proportion of national economies in western countries. Former senior official of the IMF, Kenneth Rogoff says when governments provide for health services that constitute one third of national incomes, health-care socialism becomes plain Marxism – based on the principle ‘to each according to his needs”. As the aging population increasingly requires...

Stoking Protectionism

August 20, 2007
Choosing cost-cutting over quality, Chinese firms are finally getting order recalls from some of the biggest US firms. Although China publicly denies quality control problems with exports, domestic markets have faced similar quality issues. However, despite recent high-profile execution of officials in charge of drug safety, China will find it hard to transform its political culture overnight....

Mattel Recalls About 9 Million Toys

Nicholas Casey August 15, 2007
Ingesting lead, even small amounts, can cause irreparable brain damage in young children. So the news that major toy company Mattel has embarked on yet another major recall of toys made in China, because some contain lead paint and others contain small magnets, disturbs both consumers in the West and workers in China. Manufacturers based in China, where speech is censored, are unaccustomed to...

Why Africa Fears Western Medicine

Harriet A. Washington August 14, 2007
Africa has a history of Western doctors who claim to provide health care while in reality “administrating deadly agents.” The most infamous example is Wouter Basson, who killed hundreds through injecting poisons, but was never convicted. More recently, a Libyan court convicted a foreign physician and five nurses of infecting children with AIDS, before releasing the providers to Bulgaria. Many...

The New Economy – Medical Tourism

Sushma Ramachandran August 14, 2007
India anticipates the medical-tourism sector to expand, with patients around the world seeking low-cost, high-quality treatment. The industry could be worth $2 billion in 2012, about six times its worth in 2004, a study from Ernst and Young projects. Depending on the medical procedure, treatment in India can cost about 12 to 20 percent what the same operation might cost in developed nations. As a...

Huge Dust Plumes From China Cause Changes in Climate

Robert Lee Hotz August 13, 2007
Nations can impose the strictest of environmental standards – but that does not stop the pollution seeping in from other nations. Plumes of “man-made sulfates, smog, industrial fumes, carbon grit and nitrates” collect over manufacturing powerhouse China and then move with prevailing winds around the globe. On some days, almost one third of the air pollution in cities like Los Angeles can be...