In The News

On Paper It Is Writ

Nayan Chanda July 25, 2007
The prosperity and growth that comes with emerging economies in Asia have caused discomfort in Europe and the US. “The anxiety gripping US workers is a replay of countless such episodes in the millennial-long drama of globalization,” writes Nayan Chanda, editor of YaleGlobal Online, for Outlook India. “The word globalization is of recent origin, but the process of growing interconnectedness built...

Haves and Have-Nots of Globalization

William J. Holstein July 20, 2007
US companies that move part of their operations abroad continue to report big financial gains. Defense contractors like United Technologies, for example, report a spike in foreign sales and increased stock prices. Increasing numbers of multinational companies based in the US – including United Technologies, PepsiCo and Honeywell International – report that a majority of their sales are in foreign...

Free Rider Not Free Market

July 18, 2007
France argues that the euro’s increasing value undermines French exports. But finance ministers from other nations disagree, arguing that French labor policies, offering lavish benefits for workers, discourage interest in French exports. At a meeting with eurozone finance ministers, French President Nicolas Sarkozy demanded a two-year extension on an agreement that requires France to balance its...

We Should Welcome the Dawn of the Migration Age

Ban Ki-moon July 17, 2007
Globalization, like other phenomena, occurs in stages, explains Ban Ki-moon, secretary-general of the United Nations. In the first stage, the flow of capital and goods increased, and, for the most part, developed countries benefited. That stage prompted the age of mobility, with people crossing borders in search a better life and opportunities. Mobility has benefits – for example, remittances,...

Chinese Migration Goes Global

Peter Kwong July 17, 2007
One out of every six people in the world is from China, and as a result, Chinese immigrants are increasingly visible around the globe. The movement of people begins in China: As the economy booms, many rural Chinese migrate to cities seeking good jobs, but instead find tough conditions and crowds competing for jobs with low wages. Many start saving again to migrate abroad in search of opportunity...

The End of Vaccines?

Laura H. Kahn July 13, 2007
Since the 18th century, vaccines have been hailed as miracle drugs by some and feared by others. Some individuals do have adverse reactions to vaccines, most recently with parents expressing concern that vaccines may have triggered autism in some children. Health concerns and legal cases, particularly over vaccines that once included thimerosal, a mercury-derived preservative, could slow global...

Global Safeguards for a Global Economy

Harold Meyerson July 12, 2007
Strategies that created mass prosperity in the US and Western Europe – by establishing safety networks and consumer trust – could be applied throughout the world, suggests Washington Post columnist Harold Meyerson. He urges the creation of a global safety agency to review and offer regulations on issues ranging from unsafe food imports to climate change. Meyerson suggests that it is unrealistic...