In The News

Globalization With Arab Characteristics

Marcus Noland October 17, 2007
A young workforce can be a great economic asset. Yet Arab states, with booming populations, desperately need to increase employment opportunities for young adults. Foreign investment has stagnated, limited to oil and tourism as firms remain wary of weak intellectual property rights and uncertain political transitions. Meanwhile, state-dominated economies have failed to achieve linkages to outside...

Burkina Faso: Cotton Producers Celebrate WTO Ruling Against US Subsidies

October 17, 2007
A new ruling by the World Trade Organization condemns the US system of agricultural subsidies to cotton farmers and could lead to sanctions costing billions, if the payments are not terminated. Many Africans celebrate the ruling; according to estimates by the aid group Oxfam, the end of American subsidies could drive the price of cotton up by as much as 14 percent, leading to a modest increase in...

IMF Fuels Critics of Globalization

Bob Davis October 16, 2007
Technology and foreign investment do not distribute their vast benefits in evenhanded ways, suggests a new report from the International Monetary Fund. “The report is an unusual admission by the IMF of the downsides of globalization,” reports journalist Bob Davis for the Wall Street Journal. The IMF also points out that benefits from trade do have a wide distribution, but anti-globalization...

Inequality in India and China: Is Globalization to Blame?

Pranab Bardhan October 15, 2007
Globalization undoubtedly has many complex and unintended consequences. However, Pranab Bardhan, economist at University of California, Berkeley, argues that globalization cannot be credited as either an evil force responsible for rising inequality or a virtuous one behind falling poverty rates in the developing world. Conventional wisdom holds that notable increases in inequality and steep...

Global Population: From Explosion to Implosion?

Koïchiro Matsuura October 15, 2007
The planet has some new patterns in population: Elders now outnumber the young, more people live in cities than in the country and more people live in nations where fertility rates fall below the replacement rate for population. But population continues to grow, and the increases predicted for later in this century will be a major historical event, with more than 9 billion people expected to...

Promises to Keep

Ayman El-Amir October 11, 2007
The United Nations' membership and mission has grown significantly in the six decades since its founding. Ayman El-Amir, a former director of UN Radio and Television, suggests that a proliferation of issues and the bureaucracy designed to address them have made the organization incapable of efficiently tackling the world's major problems. The stalling of reform initiatives begun in 1997...

The Globalization of Giving

Steve Hendershot August 29, 2007
The savviest of corporate leaders know that community giving is a good business strategy. As firms grow and do more business overseas, charitable giving has expanded beyond the home base to markets around the globe. US firms seek to develop wealthier client bases in India, China, Latin America or Eastern Europe. Two examples of recent corporate grants, provided by this ChicagoBusiness.com article...