In The News

Foreign Investment Isn't Enough

Jeffrey Kentor October 31, 2003
Although neoliberals argue that foreign investment spurs growth in developing countries, critics say high amounts of foreign capital may in fact retard development in the long-term. In a new study, economic sociologists Jeffrey Kentor and Terry Boswell suggest that both positions are incorrect, or at least partially so. Foreign investment is not a foolproof stimulant of economic growth, but...

Transcript of 'Global Challenges'

William J. Clinton October 31, 2003
The following is a full transcript of the public address, "Global Challenges," given by former US President William J. Clinton at Yale University on October 31, 2003.

Whither NATO? European Defense Force May Counterbalance US Power

Shada Islam October 29, 2003
The European Union's planned appointment of a foreign minister signals the bloc's desire to speak with a unified voice on global issues and to compete with the US as an international power. Now, writes Shada Islam, the US is protesting an EU proposal for strong, independent defense capabilities, calling it a serious threat to transatlantic relations. As member nations begin to debate...

The West Will Miss Mahathir – And for Good Reason

Sunanda K. Datta-Ray October 28, 2003
Despite his penchant for remarks that incensed many foreign observers, Malaysia's retiring Prime Minister, Mahathir Mohamad, will be missed by Western governments, says this opinion article in Singapore's Straits Times. Governing for 22 years, Mahathir oversaw the development of Malaysia into one of the world's top 20 trading nations. Appreciating his success and considering...

The Seeds of Iraq's Future Terror

Shirley Williams October 28, 2003
Reacting to the recent attacks on foreign targets in Baghdad, British parliamentarian Baroness Shirley Williams worries that the resistance will continue as long as an un-democratic occupation force remains in control of Iraq. The decision to privatize most of Iraq's economy was made without consultation of the Iraqi people, she notes, but rather initiated by the American head of Iraq's...

Iran's Security Dilemma

George Perkovich October 27, 2003
Thanks to the deal that three EU foreign ministers struck with Iran last week, Iran's nuclear program will be more open to outside observers from the UN's atomic watchdog agency. But, says nonproliferation expert George Perkovich, it isn't clear whether the deal will satisfy Iran's fiercest critic - the US. Rather, he argues, the US and Iran want more than a simple nuclear...

When Jobs Move Overseas (to South Carolina)

Yilu Zhao October 26, 2003
Why would a Chinese refrigerator company move to America, where wages are ten times higher than at home? Prestige, argues Yilu Zhao, and political benefits back home. The Chinese government is pushing to put 50 of its companies on the Fortune Global 500 list and sees foreign investment and a greater share of the US market as the surest way. Thus state-owned companies, like the refrigerator...