In The News

Keep America Open to Trade

Carlos M. Gutierrez May 28, 2008
Like other countries, the US confronts rising energy, housing and food prices – but limiting immigration or reducing trade will not alleviate such economic problems. The US secretary of commerce and the governor of California urge that the US continue open policies on trade and immigration. In an opinion essay for the Wall Street Journal, Carlos Gutierrez and Arnold Schwarzenegger, both...

Ethiopia Puts Logo on Its Hottest Export

Aaron O. Patrick May 21, 2008
Legend has it that centuries ago a young Ethiopian shepherd first discovered the taste and energy-boosting powers associated with the coffee plant. Globalization was not a word then, but the drink made from the plant’s beans quickly gained popularity the world over. The government of Ethiopia – setting out to highlight the special quality of its coffee and pursue licensing agreements with...

China Comes to Town

Dena Rashed March 4, 2008
Chinese-made goods turn up all over the globe, including Egyptian fairs and markets, and some rival the local products both on quality and price. Consumers can now choose from a range of goods, including clothes, electronics, vehicles and even Egyptian flags. Chinese exports to Egypt grew by 50 percent last year, yet still lag behind US imports, the value of which were more than double China’s....

The Lure of Protectionism in Ohio

Susan Froetschel, Morgan Robinson March 3, 2008
Ohio, part of the country’s Rust Belt, was a swing state in the 2004 US presidential election, and the state’s voters will play a big role deciding the 2008 Democratic nominee and probably the next president of the United States. Their choice might set the US agenda for global economy. As one of the country’s leading manufacturing states, Ohio suffers as companies shift factory jobs to low-wage...

Patriotism Is Bad Business

Nayan Chanda March 3, 2008
Politicians strive for policies that boost exports. Setting any limits on imports, though, invites other countries to retaliate. “History is replete with examples of economic nationalism’s failure to roll back the quest for profit and good life that drives global trade,” writes Nayan Chanda in his column for Businessworld in India. Democratic candidates for US president, hoping to win approval...

The Recession Felt Around the World

Nouriel Roubini February 21, 2008
A recession looming for the US could affect countries all over the world that rely on exporting to the world’s biggest economy. Some analysts suggest that decoupling, or the process of decreasing dependence on American consumers, would prevent a recession’s effects from spreading. But the fact remains that the US is a top trading partner for many countries in the world, and even states that have...

India Back In Global Chain

Nayan Chanda February 20, 2008
The Tata-Boeing deal to supply a critical part used in the next-generation Boeing-787 Dreamliner shows that India has a chance to become a key member of the global manufacturing network, once again. Given India's long history of participation in the global world, this comes as no surprise. As Nayan Chanda points out, if Tata can meet the challenge of the production, its reputation will...