In The News

India Gains Credibility as an Emergent Export Titan

Jo Johnson December 1, 2005
For years, analysts dismissed the prospects of India's manufacturing sector. India had been left behind by the wave of manufacturing off-sourcing that enriched China and Southeast Asia, and critics argued that India's best hope of catching up with its neighbors lay in the service sector. Those critics are falling silent, however, as 1990s economic reforms finally begin to spur...

Globalization Isn't Killing GM

Jim Jubak December 1, 2005
In recent years, large job layoffs and short-term cost cutting have become a commonplace in many American corporations. The managers of these businesses defend these changes as necessary in the face of globalization and competition from lower-cost operators abroad. But as business journalist Jim Jubak writes, budget cuts made in the name of improving global competitiveness are doing nothing to...

Give Us Your Skilled Masses

Gary S. Becker December 1, 2005
Amid the Bush Administration's efforts to create a guest-worker program for undocumented immigrants, Nobel laureate economist Gary Becker argues that the US must do more to welcome skilled legal immigrants too. The US currently offers only 140,000 green cards each year, preventing many valuable scientists and engineers from gaining permanent residency. Instead, they are made to stay in the...

Corporate Europe Ignores Diversity at its Peril

Marta Dassu November 30, 2005
The logic of obtaining the best possible candidates for a position seems to fall flat in the European corporate world, according to a recent study by European researchers. At the top of the business world, talent and qualifications may take a back seat to nationalistic hiring and promotion policies. In a survey of 450 different companies in the EU’s five biggest economies, the researchers found...

East-to-West Migration Remaking Europe

Kevin Sullivan November 29, 2005
Janis Neulans is a Latvian laborer embarking on a journey that is becoming more and more common these days. Neulans travelled from Latvia to Ireland, where he felt that he could build the type of life for himself that is not possible in his home country. Since Latvia and nine other countries were added to the European Union in May 2004, nearly 450,000 people, most of them from the same strained...

India Concern to Design IBM Chips

Saritha Rai November 21, 2005
India is already well known as the center of software development outsourcing, but following an I.B.M. agreement, it may soon be recognized as a hub for microprocessor design as well. I.B.M. has announced that the first design center for Power Architecture chips outside of the company’s walls will be HCL Technologies, an Indian outsourcing company. The move is part of a strategy to set up...

Remittances Are Effective Weapon Against Poverty

Norman Lamont November 18, 2005
In a report this week, the World Bank drew attention to the money flow from immigrants back to their countries of origin. The amount of money transferred annually is between two and three times the level of development aid from rich to poor countries. According to the bank, the economic benefits of remittances could outstrip even the benefits of trade liberalization. Yet many governments now...