In The News

Children Trafficked From Asia to UK to Work in Cannabis Factories

Nina Lakhani September 27, 2007
In 2004, Britain declassified cannabis, decreasing the penalties for growing or possessing the controlled substance. As fear of punishment faded, demand grew and so did the appeal of producing the drug for greater profits. Organized crime rushed to fill the gap between supply and demand, and with record levels of production, Vietnamese gangs rely on children to tend plants. So declassification...

India Tries Outsourcing Its Outsourcing

Anand Giridharadas September 26, 2007
India was an early leader in benefiting from the technology-driven globalization of the job market, but now positions such jobs all over the globe. A traditional recipient of outsourced labor, India has experienced rising worker wages and competition from other developing countries. As a result, writes journalist Anand Giridharadas, Indian firms have opened offices in countries such as Mexico,...

Trading Ritual and Reality

Alan Beattie September 25, 2007
Trade agreements are often contentious, raising heated protests from those fearing job loss and eagerness from businesspeople anticipating record profits. Yet since major reductions in manufacturing tariffs were instituted following World War II, trade agreements have been more about style than substance. The decline in the importance of bilateral and regional treaties can be attributed to the...

Globalization Was Good Then, Not Now

Mark Thirlwell September 17, 2007
Even as economists fret about sustaining global economic integration and politicians in the wealthiest nations make opposition to globalization a winning campaign theme, the phenomenon continues to connect the world. Such a dichotomy may not continue for long, warns economist Mark Thirlwell. Growing alarm in the developed nations stems from the emergence of powerful competitors in the developing...

The Great Leap Backward?

Elizabeth C. Economy September 7, 2007
China has become a leading polluter in the world, with its citizens suffering from air pollution, decreasing supplies of potable water and reckless development. Consumers around the world buy inexpensive goods from China, but do not pay the true costs. The country has environmental laws, but businesses and local leaders ignore them in order to increase jobs and profits. The nation is capable of...

India's Lower Castes Seek Social Progress in Global Job Market

Emily Wax September 5, 2007
For 3000 years, India operated with a caste system; from birth, Indians understood their status and role in society. Prohibited by law, the caste system remains a source for discrimination in India. By law, the public sector and public universities set aside a percentage of jobs for people born into the lowest castes, and activists encourage similar affirmative-action programs within the private...

Outsourcing: External Affairs

August 26, 2007
Outsourcing can reduce costs, result in some silly mistakes because of misunderstandings over culture or language, and terrify workers in nations where the wage bar is set high. Yet the outsourcing industry has matured, argues this article from the Economist. Signs of maturation include growth slowing to single-digit levels, providers competing over quality and vendors referring to themselves as...