In The News

Washington and the Chavez Question

Patrick Esteruelas May 25, 2005
Many fear that Venezuelan president Hugo Chavez may successfully create a substantial leftist, anti-American political bloc in South America. But as the Financial Times notes, Chavez's strategies – combining populist rhetoric, left-leaning militarism, and natural resource manipulation – may not be quite so successful. Venezuela's oil has been a key tool in shaping regional politics:...

Hidden Tiger

N. Chandra Mohan May 24, 2005
Aishwarya Rai is one of Bollywood's most celebrated stars, and her current quest: To land a mainstream crossover film. "Although the buzz is that she is India's best bet to cross over and become an international star like China's Zhang Ziyi," writes Outlook India commentator N. Chandra Mohan, "she is still not quite there." Though India's film industry...

Can China Be Contained?

Jeffrey E. Garten May 19, 2005
In the last three days, the United States government has added new pressures to the Chinese government: The US Department of Treasury demanded a revaluation of the renminbi, and the Commerce Department moved to restrain textile imports from China. One of the defining features of globalization today is the complex way in which countries are economically intertwined, as well as the political...

A French Region Considers the Costs of a New Europe

Craig S. Smith May 18, 2005
A recent decision by a tiny transformer factory in the French city of Schirmeck to move its facilities to Romania has energized opponents of the EU constitution. As people become increasingly angered by the loss of jobs to countries new to the EU, the French government has stepped up its campaign to win support of the constitution. Arguing that France cannot match the cheaper production costs...

On Advertising: Lenovo Tries to Win the West

Eric Pfanner May 18, 2005
Only a handful of Chinese brand names have achieved global consumer recognition. More often, many view China as a low-cost producer of Western consumer goods. The fact that Western companies essentially place their logos on goods manufactured in China, preventing Chinese companies from developing name recognition, exacerbates this perception. Lenovo, a major Chinese computer company that...

Of Flying Geese and Sitting Ducks: Brazil Stares, East Asia Takes Off…

Marcos Jank May 17, 2005
While East Asian countries steadily continue their economic development, Latin American nations still trail in achieving sustainable growth. The difference, according to this InfoBrazil commentary, can be attributed to the diverging economic policies of the two regions. Since the 1980s, East Asia has sought to attain global competitiveness by prioritizing exports, outsourcing labor-intensive...

China Hits Out at New US Textile Quota

Richard McGregor May 16, 2005
The expiration of textile quotas on January 1, 2005, saw a slight shift in global garment trade. Though not as drastic a change as many had feared – some of the smaller producers have managed to keep pace with the quota-free market – China's exports increased significantly. Responding to the spike in Chinese exports, the European Union and United States both launched separate...