In The News

EU Fund to Ease Globalization Pain

James Kanter March 2, 2006
The Global Adjustment Fund is proposed as a new measure to help Europe’s economy absorb the effects of globalization. The fund will assist retraining and relocating workers whose jobs have been eliminated in ways demonstrably tied to global trade dynamics, such as outsourcing. The proposed fund comes as Europeans express increasing alarm at the prospect of foreign economic influence,...

The Big Squeeze

February 21, 2006
The fight for survival by age-old icons of business and culture is not limited to the US. Volkswagen and other carmakers in Germany and France question whether they can provide mass domestic employment while competing against firms with lower labor costs in Portugal, Romania, Slovakia, the Czech Republic and China. One study reports that one in seven German jobs is “directly or indirectly...

How to Ease the Pain of Globalization

Catherine L. Mann February 17, 2006
Frequent news articles detail the offshoring of information technology (IT) jobs, sounding alarms for all US workers. Catherine Mann suggests that such alarm may be unwarranted and points out steps to maximize the benefits of globalization. Research indicates that the globalization of IT actually promotes productivity, creates new jobs, reduces inflation and enhances innovation, both in the US...

The Decline and Fall Of Europe

Fareed Zakaria February 16, 2006
In March 2000, EU leaders pledged to make the EU “the most competitive and dynamic knowledge-driven economy by 2010.” That goal could be unrealistic. As policymakers debate the rise of Asia and its challenge to the US, Fareed Zakaria, a journalist who specializes in international relations, suggests that the major story of the decade may well be Europe’s economic decline. If current trends...

Wake Up To Old-Fashioned Power of New Oligopolies

Barry Lynn February 15, 2006
While the term “monopoly” is familiar, the related term, “oligopoly” – which refers to control of markets by a handful of major corporations – is less well known. Yet business journalist and author Barry Lynn contends that the citizens and politicians must wake up to the tightening grasp of “global mega-institutions” on the global marketplace. Global oligopolies pose dangers, often associated...

How Kenya Is Caught on the Thorns of Britain's Love Affair with the Rose

Jeevan Vasagar February 14, 2006
Kenya controls a quarter of the British rose market, and the flower, now the country’s second-largest export, is fueling much of the nation’s economic growth. Once blasted over low pay and poor working conditions, Kenya’s foreign-owned rose growers have cleaned up their act and reinvest some of their profits in Kenyan communities under the principles of fair trade. The flower industry’s...

Boom Town

Adam Nicolson February 13, 2006
The future of the modern world is being raised, literally, from the sandy depths of the waters surrounding the city of Dubai. A developer’s paradise, this fastest-growing city in the world is open to all with a checkbook and an imagination. Dubai, centered between the rising powers of the East and the traditional powers of the West, is man-made, from its sky-high towers and luxury ski resorts in...