In The News

Benjamin Parkin April 4, 2020
As the COVID-19 spreads in India, Prime Minister Narendra Modi announced a 21-day nationwide shutdown with a strict curfews and limitations on running non-essential businesses. The shutdown poses disruptions for one of India’s pillar industries – IT outsourcing serves many major multinational companies, such as Citibank and Pfizer. With more than 900 confirmed cases at outsourcing firms, IT...
Greg Miller February 12, 2020
Swiss Encryption company Crypto AG began working for the US government during World War II. Customers included 120 countries, including US allies that had no clue the company was “secretly owned by the CIA in a highly classified partnership with West German intelligence,” reports Greg Miller for the Washington Post. The purchase was made in 1970 through shell companies. The intelligence agencies...
August 20, 2019
The United States, in efforts to slow legal immigration, is planning changes for the H-1B visa process that allows skilled workers from around the world to work in the United States. One regulation would “mandate employers to register without paying the H-1B visa fees of those employees they intend to sponsor” and a “lottery system would shortlist people for the work permit.” About 70 percent of...
Ann Pettifor January 26, 2019
Citizen majorities who support action on climate change or a tax system that reduces inequality must find political courage to battle moneyed interests. Citizens in nations with sound taxation systems hold more power than they realize. Taxpayers can demand that public debt target the public interest – as former US President Franklin D. Roosevelt accomplished during the Great Depression and some...
Neil Irwin March 28, 2018
US voters responded to promises of tariffs, jobs and protectionism during the 2016 presidential campaign and spurred a backlash to globalization: “It is coming after the major costs of globalization have already been borne,” explains Neil Irwin for the New York Times. “And it comes just as billions of people who have become integrated into the global economy over the last three decades are...
August 25, 2017
Technology, culture and globalization are influencing the global labor market, and Economics Wire identifies three trends. First, the internet is connecting more work equipment. More people work from home and other remote locations. Researchers are quickly developing robots and artificial intelligence, putting any task performed by humans under threat. Second, the workday is shrinking – which...
Dinesh C. Sharma June 4, 2015
Emerging markets represent 80 percent of the globe’s population and more than 50 percent of its GDP. So many consumers living in the emerging economies are digitally deprived, yet eager to explore the internet. India is well positioned to become the next hub for internet development. “Capitalizing on early investments in science and engineering development, India showed the world a new way of...