In The News

Labor Pains in the Middle East

April 1, 2008
Oil-rich states in the Middle East have long depended on migrants from countries such as India and Bangladesh to fill the demand for labor in capital-intensive projects and protected indigenous labor by promoting large civil service classes. But global inflation has reduced real wages while increasing the price of goods, with effects magnified for those countries with currencies pegged to the...

Businesses Say New York’s Clout Is Emigrating, With Visa Policies to Blame

Patrick McGeehan March 31, 2008
Among a company’s most valuable assets is its talent, particularly for financial and technology firms. A report by a business-interest group, Partnership for New York City, argues that America’s visa policies, including caps on the number of highly qualified workers and tough restrictions on extended stays, endanger New York City’s ability to attract and retain top talent. Immigration opponents...

No Break for Globalization

Nayan Chanda March 25, 2008
With unemployment and foreclosures skyrocketing, trade deficit woes, more and more Americans are becoming protectionist. Most Americans agree that foreign trade is reducing the demand for American-made goods, resulting in numerous job losses. While there is no question that trade has played a role in shrinking manufacturing jobs, Nayan Chanda points out that "it is only a minor part of the...

World Banker and His Cash Return Home

Jason DeParle March 24, 2008
Remittances, once treated as an insignificant rounding error, eclipse the world’s combined foreign aid by threefold. A migration scholar with the World Bank, Dilip Ratha, calculated the magnitude of remittances and brought them to the world’s attention. Critics suggest that “behind every remittance is a separated family” and argue that remittances contribute to consumption rather than development...

Guess Who's Getting the Most Work Visas

Moira Herbst March 17, 2008
Since 1990, the US has issued a set number of H-1B visas by lottery to attract talented science, technology and math professionals from around the world to its universities, research centers and companies. Increasing numbers of applications, however, combined with strict caps and a lottery system prevent many foreign professionals from entering the US workforce. A federal report points out that...

Dying to Live

Gihan Shahine March 7, 2008
Many young throughout Africa set out on dangerous journeys north, searching for jobs in Europe. Some send back what seem like vast sums to their villages while others eventually return, building homes and sending their children to school. But some men never return or make contact, and their families are left to wonder whether the jobseekers died in the rough seas or wait in European holding camps...

The Lure of Protectionism in Ohio

Susan Froetschel, Morgan Robinson March 3, 2008
Ohio, part of the country’s Rust Belt, was a swing state in the 2004 US presidential election, and the state’s voters will play a big role deciding the 2008 Democratic nominee and probably the next president of the United States. Their choice might set the US agenda for global economy. As one of the country’s leading manufacturing states, Ohio suffers as companies shift factory jobs to low-wage...