In The News

Outsourcing Progress

Nayan Chanda October 28, 2009
If you thought outsourcing would take a hit from the financial crisis, think again. While certain sectors have seen double digit declines, other end markets are growing. What the final tally for the year might be is unknown, but the results thus far are somewhat counter-intuitive. Outsourcing’s resilience in the face of such financial and political strain – lawmakers across the globe have often...

Global Crisis: Bangladesh Bucks the Trend

Zafar Sobhan October 14, 2009
Conventional wisdom would expect export-dominated, monoculture economies like Bangladesh to suffer badly from the recent financial meltdown. But that has not happened. According to Daily Star opinion page editor and 2009 Yale World Fellow Zafar Sobhan, there are four reasons why Bangladesh escaped unscathed. First, the government kept its head by holding only safe US Treasuries when everyone was...

Free Trade Has Enriched the World with More than Diverse Goods

Daniel Griswold October 2, 2009
Amid the rise in unemployment across the globe, trade is the oft-cited cause for the current malaise. Hence, according to populists, restricting trade should be the cure. But, Director for Trade Policy Studies at the Cato Institute Daniel Griswold says the populists have it wrong. If one really wants to help the poor, fostering trade is the key since it delivers the lowest cost staple goods that...

Asian Universities Court Students Nearby

Liz Gooch September 24, 2009
In an effort to attract promising students, Asian universities are offering an education in English at a fraction of the cost of Western institutions. Singapore, Malaysia, and Hong Kong are all trying to attract international students with various points of interest: participation with Western universities, joint degree programs, and competitive prices. While many institutions are competing more...

Mass Effect of Global Downturn

Cithara Paul August 17, 2009
In 2004, news of a tiny Kerala church in India holding a Mass to pray for the renowned British soccer player David Beckham fascinated the global media. Although Beckham’s celebrity certainly contributed to the focus, “Mass intentions” – applying a Mass for a specific purpose – had been around long before the media took notice. What is perhaps new is outsourcing Mass intentions to India where...

Capitalism’s Future Lies in Networks and Cooperation

Farok Contractor April 20, 2009
In the past, adversarial competition and in-house design and production typified the climate and model for business success. Today, that climate has changed, according to management professor Farok Contractor. Cooperation and networks are the new tools for success in the global economy for a whole host of reasons. First, many projects are so large that one company cannot possibly shoulder the...

Pipe Made in India Incenses Illinois Town

Louis Uchitelle April 16, 2009
A steel town whose factories are idled is not likely to welcome steel pipe from India in its backyard. And from the citizens’ initial reactions in an Illinois town, it’s not hard to see how a grassroots protectionist campaign could find strong support. But, as this article details, the issues are much more complex. First, the US has been importing 20 percent or more of its steel needs for the...