In The News

US Troop Pullout Will Hit South Korean Economy

Lee Tee Jong July 13, 2004
Plans to slash the number of American troops stationed in South Korea may have adverse economic effects on an already ailing local economy. Though a timetable has not yet been set, the current troop presence of 37,000 is to be cut by 12,500. The withdrawal, says this article in Singapore's Straits Times, will likely result in a loss of jobs by thousands of Koreans employed by the US and...

Korean Businesses Ride Russian Economy

Kim Jung-min June 18, 2004
South Korean businesses' early entry into the Russian Federation and their aggressive manner in marketing seem to have paid off. Korean products have gained brand recognition among Russian consumers and are nowadays often put on the top shelves in stores around the country, some even earning the prestigious Narodnaya Marka title for "National Brands" from the government. Indeed, as...

Death at Sandheads

Ashis K. Biswas June 17, 2004
Mysteriously, merchant ships have sunk continuously at the Sandheads in India's Bay of Bengal, leading many to question why. More mysterious, however, is the fact that ships continue coming here and sinking. Official estimates indicate that at least 81 ships have gone down in this area in the past 30 years, including eight since 1997. Innumerable crewmen have lost their lives in these...

وکی پیڈیا: گلوبلائزیشن اور عوامی انسائیکلوپیڈیا

June 13, 2004

Trade Theory vs. Used Clothes in Africa

Carter Dougherty June 3, 2004
In Uganda the seemingly ubiquitous struggle between free traders and protectionists is played out in the debate over used clothes. Like so many other cities in Africa, Uganda's capital, Kampala, is the destination for millions of dollars worth of second-hand garments from the developed world. But while myriad jobs have sprung up in Uganda's used clothes trade, those involved in the...

Benefits and Pitfalls of Globalization

Park Myung-seok June 1, 2004
A growing concern about globalization’s negative effects on national economies worldwide has some governments re-thinking long-held economic ideologies. The difficulty in creating jobs within the context of an expanding global employee base has some longtime champions of free trade, including the United States, looking to legislate against outsourcing. Similar movements to protect local jobs are...

The $40-a-Barrel Mistake

Edward L. Morse May 25, 2004
The ever-swelling prices for crude oil worldwide have many consumers and governments concerned. The authors of this article – a former US energy official and an oil adviser to Saudi Arabia – attribute the problems to ineffective policies pursued by the United States and Saudi Arabia over the past year. According to them, the initial catalyst for these policy decisions was the 2003-2003 Venezuelan...