In The News

India Not Shining Any More

Ashok Malik December 20, 2011
The world’s largest democracy wages constant battle against entrenched special interests and the lure of socialistic protectionism. The most recent skirmish was on India’s plan to allow limited foreign direct investment in the retail trade. Critics rallied, raising doubts about the government’s ability to protect small traders against giants like Walmart, Carrefour and other foreign retailers....

A Global Consensus to Rise and Occupy

Laurence Brahm December 15, 2011
The year 2011 has given rise to a wave of peaceful protests around the globe. In Tunisia, Egypt, Europe, the United States and now even Russia, citizens organize via social media, convene in public spaces and protest policies that fail to protect the public interest. Alarm is building about governments and corporations that mismanage diminishing resources, argues Laurence Brahm, attorney and...

Foreign Workers Welcome, But No Permanent Residents, Please

Philip Bowring November 11, 2011
With rapid economic growth comes the need for new sources of labor, particularly for jobs that citizens no longer care to do. So, wealthy places like Hong Kong or Singapore turn to Bangladesh, the Philippines and other neighboring states for temporary migrant help, unskilled or low-skilled, in households, restaurants or construction sites. In particular, temporary immigration is on the rise, and...

Denying Imbalances, G20 Risks Chaos – Part III

Jonathan Fenby November 9, 2011
Mounds of unsustainable debt in wealthy nations threaten the global economy, and many of these nations must keep borrowing in demanding global markets for daily operations. The G20 summit in France, a meeting of the world’s most powerful economies, failed to develop a strategy to ease spending, protect bondholders and lift confidence among consumers and investors. The G20’s failure will have...

The 19th-Century World-System

Immanuel Wallerstein October 31, 2011
Sociologist Immanuel Wallerstein, the originator of the modern world-system theory, published volume four of his opus, which examines the development of centrist liberalism during the 19th century and its inevitable imbalances. Centrist liberalism, encompassing enlightened conservatives and pragmatic radicals, supported the expansion of state powers. The powerful feared the exercise of popular...

Colliding Forces

James Crabtree October 25, 2011
Widening inequality, easy proximity between poor nations and rich, exacerbate the many temptations of undocumented immigration. Angst is building in immigration hotspots – the Italian island of Lampedusa or along Mexican borders, both north and south – because citizens recognize that immigration pressures will only expand, explains James Crabtree for the Financial Times. He explains that citizens...

Look Beyond the Street

Nayan Chanda October 24, 2011
To avoid a day of reckoning, governments should heed, not mock, the complaints emerging from movements that have gained rapid global momentum, contends Nayan Chanda in his regular column for Businessworld. In 2003, protests in 60 nations opposed the impending US invasion of Iraq. The protests did not prevent the costly war, but exposed the war’s flawed rationales. This year, protesters in more...