In The News

Robert Tait September 16, 2009
In a gaffe that may top the list for cultural insensitivity, jeans produced in China to be sold in Iran bore a hallowed phrase from the Koran on the seat pocket of their product. Perhaps the manufacturers thought the inclusion of such a phrase would appeal to the Muslim customers and increase brand recognition. What they missed was the relevance of the phrase for devout Muslims and the less than...
Gady Epstein September 14, 2009
China and the US seem like Siamese twins that hate each other – joined at the hip by trade but pushed apart by issues as diverse as human rights, climate change, and security. The current financial crisis makes some believe focus on trade may take center stage. Gady Epstein from Forbes argues that the decision by President Obama over the influx of cheap Chinese tires reflects the deepening...
September 8, 2009
Large economies like China, Japan and India have signed free trade agreements (FTA) with the regional grouping ASEAN. But in the absence of a comprehensive, multi-lateral free trade agreement, Asian countries are settling for bi-lateral FTAs. But this trend is not necessarily in response to the stalled Doha round of trade talks. Bi-laterial FTAs have increased from six in 1991 to 166 by mid-year...
September 1, 2009
Far away from home and eager to work, migrant workers can be easy targets for exploitation. In Japan, the story is no different. Foreign vocational trainees in Japan, especially from China, have been forced to work overtime at little or no pay and are often paid illegally low wages. Even worse, foreign employment agencies charged exorbitant fees to send trainees to Japan, leaving many indebted...
August 20, 2009
New economic cooperation between Latin America and less traditional trading partners is having a significant impact on the region both economically and politically. Top on the list is China’s increasing visibility as a strategic economic partner of the continent, much to the US’ discontent. While China’s cheap manufacturing has hurt countries such as Mexico, its demand for commodities has driven...
August 18, 2009
Since 2006, Chinese immigrants have suffered a backlash of violence at the hands of locals in the Solomon Islands, Lesotho, and Algeria, among others. The reasons behind the widespread anti-Chinese sentiment range from cultural clashes to accusations of meddling in local politics. But a more fundamental reason could be rooted in economics, xenophobia notwithstanding. China’s sponsorship of...
Anne-Laure Porée August 11, 2009
Once the poster child for the benefits of globalization, Cambodia is now being asked to cope with its darker side in the aftermath of the financial crisis. The four pillars of the country’s economy – tourism, garment-making, construction, and agriculture – are feeling the global pinch in their various ways, writes journalist Anne-Laure Porée. Tourism is down thanks to the global stay-at-home...