In The News

Software Being Developed to Monitor Opinions of US

Eric Lipton October 5, 2006
It’s no secret that world opinion of the US has hit a low point. So the US Department of Homeland Security is funding university research to develop software and monitor negative opinions expressed in foreign newspaper accounts. The agency will rely on the analysis “to identify potential threats to the nation,” explains journalist Eric Lipton. Spies traditionally rely on reading newspapers to...

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...

Globalization Hits Road Bumps in India

Pranab Bardhan October 3, 2006
The economic integration of a country requires that it open to foreign investment, adhere to flexible labor laws and practice careful fiscal policies. In a country with severe poverty and economic inequality, however, such reforms do not win many votes for politicians. Well aware of this fact, India’s politicians play to what economist Pranab Bardhan calls “anti-reform populism.” Many voters...

Is Russia Ready for a Shipping Boom?

Sarah J. Wachter October 2, 2006
The trans-Siberian pipeline is Russia’s largest infrastructure investment at $17 billion. When completed, it will stretch from Lake Baikal to the Sea of Japan, more than 4,000 kilometers and allow Russia to ship oil to China, Japan and even the US. Yet the pipeline has become the focus of debate for Russia, neighboring countries, international oil companies and conservationists who worry that...

Industrialization in Saudi Arabia: A New Paradigm

Jean-Francois Seznec October 2, 2006
In the 20th century, Saudi Arabia embraced crude oil and the Western powers demanding it. For the 21st century, Riyadh is turning away from both, as the government hopes to translate its wealth of raw resources into lasting industrial development. The plan is for the Saudis to use their cheap energy and become the world’s leading producer of petrochemicals. The emphasis on manufacturing over...

Bouquet of Roses May Have Note: “Made in China”

Keith Bradsher September 27, 2006
China’s plan to export cut flowers is less about conquering another industry and more about creating jobs in provinces other than those along the crowded, booming coast. Roses from impoverished Yunnan Province, grown and packed by workers who earn about $25 per month, have suddenly swept the global market. The Chinese government invested in greenhouses, airports, roads and other infrastructure...

The Great Squanderer: China’s Scramble for Energy

Wieland Wagner September 18, 2006
Known as the “great factory of the world,” China is on a global hunt for energy, minerals and other natural resources. China accounts for about 10 percent of the world’s energy consumption, and with the world’s larges population, per-capita consumption is expected to increase steadily. Despite the fast growth of its economy, more than 9 percent annually, China does not use energy efficiently,...