In The News

When Jobs Move Overseas (to South Carolina)

Yilu Zhao October 26, 2003
Why would a Chinese refrigerator company move to America, where wages are ten times higher than at home? Prestige, argues Yilu Zhao, and political benefits back home. The Chinese government is pushing to put 50 of its companies on the Fortune Global 500 list and sees foreign investment and a greater share of the US market as the surest way. Thus state-owned companies, like the refrigerator...

Bangladesh Faces the Challenge of Globalization

Wahiduddin Mahmud October 22, 2003
Bangladesh's economy grew rapidly during the 1990s as the country liberalized its markets and became increasingly integrated into the world economy. Until the 2001 global recession, Bangladesh ranked third for improvement of human development - behind only Cabo Verde and China - thanks in large part to exports from its blossoming garment industry. Wahiduddin Mahmud, economist and former...

The World's Poor and Sick Have Not Been Forgotten

Krishna Ravi Srinivas October 20, 2003
If you're sick, it's definitely better to live in a rich country than a poor one. Pharmaceuticals produced in developed countries are prohibitively expensive for people in the world's poorest areas, but there are signs of improvement, says legal scholar Krishna Ravi Srinivas. In August 2003 trade ministers concluded negotiations on an agreement that will allow companies to profit...

Sizzling Economy Revitalizes India

Amy Waldman October 20, 2003
For young urban Indians, there seems to be no better way to celebrate Gandhi's birthday than going to the mall. The Indian middle class is spending money like never before – and now they have a lot more to spend. This year's visible economic confidence is partly a result of the political decision in the early 1990s to open up the Indian economy to increased foreign trade and...

Bolivia's Poor Proclaim Abiding Distrust of Globalization

Larry Rohter October 17, 2003
In a civil conflict that has already left more than 80 Bolivians dead this month, protestors have turned the issue of natural gas export through Chile to the United States into an indictment of globalization. Calling for the resignation of President Gonzalo Sánchez de Lozada, demonstrators are sending a powerful message – a resounding "no to the export of gas and other natural resources; no...

Privatization vs. Democracy

Salah Hemeid October 13, 2003
The chief US Administrator in Iraq, Paul Bremer, recently announced that Iraq's state-owned industries will be sold off to private investors in an effort to boost the country's struggling economy. The new policy also allows for 100 percent foreign ownership of all industries except for oil, which will remain under government control for the time being. Iraqis view their oil reserves as...

Canadian Film Industry Worries

Richard Blackwell October 9, 2003
With Arnold Schwarzenegger acting as California’s new governor, Canada is worried the superstar will flex his political muscles to keep movie productions in his home state. Schwarzenegger has often bragged that he shifted filming of Terminator 3 back to California from Vancouver, and Canadian producers worry he will create incentives and use his star power to encourage other productions to...