In The News

Europe’s Next Immigration Crisis

Alkman Granitsas April 11, 2006
From the Mediterranean to Eastern Europe to the Balkans, the periphery of Europe is booming as countries liberalize their markets and shake off the effects of 50 years of communism. The economic activity has attracted immigrants from impoverished lands – along with the first stirrings of racial intolerance. The immigrant experience of “Old Europe” suggests that three factors lead to society’s...

In France, an Economic Bullet Goes Unbitten

Floyd Norris April 11, 2006
Most European politicians recognize the grim truth – that economic reform is necessary for global competition and that youth cannot expect the many benefits now enjoyed by elders. Generous retirement and other social benefits correlate with high unemployment among youth. Corporate executives have suggested that politicians must make the difficult decisions that lead to economic reform, likely...

Businesses Make a Push for High-Skilled Foreign Workers

June Kronholz April 7, 2006
In the immigration bill currently taking up the US Senate's attention, the fate of millions of low-skilled illegal immigrant workers dominates the discourse. The proposal would allow immigrants who arrived in the US before April 2001 to pursue a bureaucratic, but specific 11-year road to citizenship. Immigrants who arrived after the date would have limited options. The US Congress remains...

Invest Globally, Stagnate Locally

Daniel Gross April 6, 2006
US and European companies continue to accumulate wealth, yet neither the overall economies nor the labor forces have joined the ride. Traditional theory once suggested that climbing corporate profits promote investment, create jobs and increase consumer demand, eventually driving up wages as well. With global markets, companies enjoy far-reaching success, maintaining control over distribution...

Don't Give Up on WTO, Fix It

Richard G. Lipsey April 4, 2006
Contrary to what its most adamant critics maintain, the World Trade Organization (WTO) is a primary defense for poor and oppressed nations against exploitation from powerful nations and companies. Economist Richard G. Lipsey traces how the international institution that regulates trade emerged from policies facilitating globalization during the latter half of the 20th century. The WTO does not...

Making American Money at Home in Mexico

Manuel Roig-Franzia April 4, 2006
In the classic story, Mexican migrants surreptitiously cross the US border in search of jobs. The treacherous journey requires long separations from family and friends, and proposed US legislation would increase restrictions for such hires. But tourism is increasing employment opportunities in Mexico. In the late 1960s, the Mexican government focused on turning the fishing village into a tourist...

Does Globalization Help or Hurt the World’s Poor?

Pranab Bardhan March 31, 2006
As debates over economic globalization rage, one writer ponders whether “expansion of foreign trade and investment” influences the world’s poor. Author Pranab Bardhan notes that the answer is neither a simple yes or no. By certain measures, the level of extreme poverty has lessened worldwide, but that doesn’t necessarily correlate with globalization and could be the result of some domestic...