In The News

Caught in the Pull of Globalization

Aaron Davis November 10, 2003
White collar jobs are moving with increasing rapidity from US soil to India, China, and other major Asian players. Corporations can pay less than half an American employee's wage for the same work and, they argue, can free up American workers for more "interesting" jobs. Labor interests in the US fear this trend, claiming that jobs are leaving "overnight" or while...

Healthy Dose of Capitalism?

Fatemah Farag November 7, 2003
Occupational hazards are a global problem. The International Labor Organization estimates that two million women and men die as a result of occupational accidents and work-related diseases each year, eliminating four percent of the world's GDP. This weekend, a UN-led conference in Germany brought together non-governmental organizations, international businesses, and labor leaders to discuss...

The World's Sweatshop

Joseph Kahn November 4, 2003
China is supplying the world with a great variety of cheap products, including exports of pharmaceutical medications to US partner companies. Yet this article argues that some of the so-called cheap drugs Americans enjoy carry a hidden price tag that is difficult to put a dollar figure on – human life. Hisun, a Chinese company with US government approval to produce medications in cooperation...

Yukos Names Kukes as New CEO

Arkady Ostrovsky November 4, 2003
An American citizen, Simon Kukes, was named the new chief CEO of the Russian oil company, Yukos, after his predecessor was arrested on charges of tax evasion, embezzlement, and theft. When the Yukos scandal first broke, foreign investors became wary that Russia would begin rolling back privatization measures made during the 1990s. To ease such concerns, the Kremlin has reiterated its commitment...

The Fine Art of China-Bashing

Neil King Jr. October 31, 2003
As the Bush administration pushes even harder on China to revalue the yuan, the real motivations behind the "China-bashing" by US officials remain shady. Is the administration's rhetoric really meant to "help U.S. manufacturers compete against Chinese companies", ask the authors, "or just help U.S. politicians score points with anxious voters"? When the US...

Multinational Corporations: Pro or Con?

Gauri Bhatia October 29, 2003
India's love-hate relationship with multi-national corporations (MNCs) is more complicated than simple fear of big, faceless companies. MNCs bring jobs (but also "hire-and-fire" policies), consumer choice (that push traditional foods out of the market), and brand-name products (which is feared to lead to 'US-worship'). The recent environmental and health debacles in...

India's Call Centers Face Struggle to Keep Staff as Economy Revives

Ashok Bhattacharjee October 29, 2003
One the paradoxes of the call-center industry in India is that it requires English-speaking university graduates to answer questions from US customers but offers little in the way of advancement and intellectual stimulation. High turn-over rates are inevitable if the economy keeps expanding and thus offers more compelling employment options for well-educated Indians. Moreover, the rapid...