In The News

Nagging Doubts About the Benefits of Globalization, and a Look at the Evidence

September 20, 2004
The phenomenon of "outsourcing" still fans the flames of much heated debate in both Europe and North America. At once praised and vilified, it has crept into all levels of discourse and political rhetoric. Some economists, led by Nobel laureate Paul Samuelson, have argued that by facilitating business and technological growth abroad, outsourcing companies may be sowing the seeds of...

The Great Reverse – Part III

Anna Greenspan September 8, 2004
While headlines in the West bemoan job outsourcing to China and India, they ignore a far more profound economic shift: the growth of business partnerships between these two rising economies. In the final installment of our three-part series, "The Great Reverse," globalization scholar Anna Greenspan writes that leaders and entrepreneurs in both Asian countries are bridging political...

First-Class Brand, But Will it Travel?

Ellie Paynter September 7, 2004
Expanding business operations to foreign markets presents many challenges, and in the image-conscious fashion industry, marketing is essential. With the opening of a store in Saudi Arabia, and plans for future locations in Hong Kong and Dubai, luxury store Harvey Nichols has its sights set on international brand recognition. The UK retail group, which allots 40 percent of its budget to public...

The Great Reverse – Part II

Marvin Ott September 6, 2004
As the rise of China alters the geopolitical landscape, countries in both hemispheres must devise foreign policy accordingly. In the second of a three-part series on the changing power balance, National War College professor Marvin Ott writes that while Chinese military and economic capabilities are evident, its intentions remain ambiguous. Experts fear that China - despite claims to the...

The Trek Abroad Quickens Pace

Anke Bryson September 3, 2004
The US is not the only country tackling the issue of jobs moving overseas; a recent study reports that German companies continue to shift operations to other countries. Despite labor agreements from Siemens and Daimler Chrysler to preserve some domestic operations, the industrial exodus may reach a peak this year. Further complicating matters, foreign investment in German industry has...

The Great Reverse - Part I

Clyde Prestowitz September 2, 2004
There are those who argue that history is cyclical, while others prefer to conceptualize it as an ebb and flow. As the economies of China and India continue their dizzying growth, it seems that history is preparing to repeat itself. Economist Clyde Prestowitz, in the first of a three-part series, coins the term "The Great Reverse" in reference to the projected Asian-leaning shift in...

The Challenge of China and India

Stephen Roach August 31, 2004
If their economic growth continues at its astonishing pace, China and India may likely threaten developed economies. This dual threat stems from successful implementation of two very different strategies. China's burgeoning manufacturing sector is bolstered by solid infrastructure, domestic savings, foreign investment, and low-cost labor. The strength of India's service-based...