In The News

Mexico struggles to compete with low labor costs of Asian manufacturers, but has established a niche in manufacturing aerospace equipment because of location. Massive items that entail expensive transportation fees used to be manufactured in distant countries with highly skilled work forces, like Japan and Taiwan. But the Mexican government has invested in training programs for aerospace workers...

There is growing opposition in many countries to immigration, viewed by some as costing government treasuries and diluting national cultures. Philippe Legrain, a British economist and former adviser to the director-general of the World Trade Organization, argues that productivity flourishes in culturally diverse cities and that people are willing to pay to live and work in such fertile...

Politicians, activists and even some business executives in the West blame globalization for a lot of problems. But the US has benefited from foreign trade. “Contrary to popular opinion, the trade balance (deficit or surplus) barely affects total U.S. employment over long periods,” writes Robert Samuelson for the Washington Post. Some types of foreign competition do hurt some individual workers...