In The News

R & D: India's New Star Industry

Swaminathan S. Anklesaria Aiyar April 10, 2004
American multinational companies are setting up research and development (R & D) centers in India, participating in a new trend in the contemporary era of global capitalism - the outsourcing of production activities.. No longer content to only look overseas for low-wage service sector jobs like call centers, large US corporations are tapping into the technical expertise and specialized...

Kenya: Globalizing with Flowers

Jean-Pierre Lehmann April 9, 2004
Although Kenya has attracted some foreign dollars through tourism and export-based flower and tea industries, a majority of Kenyans remain mired in poverty. Jean-Pierre Lehmann, founding director of the Evian group, argues here that although its future could be bright, Kenya has not yet exploited its substantial political and economic assets in a way that will allow it to fully tap into...

Rigid Unions Help Paralyze Economy

Heike Göbel April 9, 2004
Last week, workers in several European countries took to the streets demanding socially just reforms and warning against any potential government cutbacks. On the surface, these protests would suggest that Europe's unions have many shared interests. Not so, says this op-ed in Germany's F.A.Z. Weekly. In reality, unions' criticism always focuses on national concerns. German...

Wait for US Residency Soars Over 18 Month Span

Nina Bernstein April 6, 2004
The time to approve green cards and formal travel documents has quadrupled in the US as a result of September 11. The main reason: thousands of personnel who formerly processed applications are now being used for security checks. As a result, a document that once took two months to process now takes seven. While the Bush administration has promised to cut down the wait time, results have been few...

Innovative India

April 5, 2004
As the American elections draw near, the Economist takes a refreshing look at the outsourcing debate. Examining advances made in research and development (R&D) in India’s high-tech centers such as Bangalore, the article reports that many Indian IT professionals are rightly vexed about the portrayal of their country as merely “a source of cheap labor and a telecommunications link.” Although...

Modern Mercenaries on the Iraqi Frontier

James Glanz April 4, 2004
In what appears to be a modern manifestation of old mercenary platoons, 'risk management' firms are filling the security gap in a tense Iraq. Former military men from around the world are earning large salaries to protect the development agencies and businesses that have recently entered the post-Saddam state. Though one would think that 'risk management' forces would...

Free But Not Unfettered

Niveen Wahish April 2, 2004
Inexpensive textiles from Southeast Asia and around the world will soon freely enter the Egyptian market. Though Egypt theoretically lifted its 30-year ban on textile imports when it joined the WTO in 2002, since then protectionist tariffs have effectively kept foreign textiles off the market – with mixed consequences for Egypt's domestic industry. As one expert notes, "Although we...