In The News

Chinese are Taking to the Card

Goh Sui Noi July 31, 2003
The rise of a young, urban middle class and the increasing numbers of credit card shoppers is taking China's financial world by storm. China's fast-emerging middle class is generally composed of young, educated, city dwellers with good jobs and fast paced lifestyles. Ten years ago, when the market economy was still new, paying on credit was unheard of. Today, however, more and more...

Vatican Says Lawmakers Have Duty to Oppose Gay Marriage

Kirk Semple July 31, 2003
In North America and Europe, recognition of gay rights is slowly growing. Homosexual civil unions – which grant same sex couples the same rights and responsibilities of married couples – are legal in several European countries, including Germany, France, Sweden, and Denmark. Canada recently disposed of a ban on gay marriages; and the US Supreme Court recently struck down a long-standing Texas...

For Now, Hong Kong Protests Do Not Faze Investors

Frank Ching July 29, 2003
In Hong Kong, the recent mass demonstrations against proposed anti-subversion legislation have not shaken foreign investors' confidence. In the following essay, Frank Ching argues that while anti-government political activism might scare off investors in most countries, Hong Kong has benefited from its international reputation as a stable and investor-friendly economy. However, Ching says...

Imperial Perspectives

Edward Said July 25, 2003
The perspective of the imperial power is inevitably distorted but nonetheless shapes the way the power rules, argues Edward Said in this opinion piece for Egypt's Al-Ahram Weekly. Said maintains that every empire, including America's, tells itself that its mission is benign, that its mission is "certainly not to plunder and control but to educate and liberate the peoples and...

Japan's Neglected Resource: Female Workers

Howard W. French July 25, 2003
Inequality in Japan's workplace is not only keeping Japanese women down, but also Japan itself. With population decline threatening huge labor shortages and possible economic collapse, it would seem Japan might be eager to tap into an underutilized segment of the population. Indeed, many experts maintain that expanding the role of women in the workplace could be the best stimulus for Japan...

Hail Britannia!

Immanuel Wallerstein July 25, 2003
In the lead up to the invasion of Iraq – and especially with the difficulties the US has encountered since – there is a renewed interest in the historical experience of past imperial efforts. Not surprisingly, the publication of British historian Niall Ferguson's provocative history of the British Empire has aroused special interest. In this review of the book, noted historian and World...

We Didn't Start the Fire: Capitalism and Its Critics, Then and Now

Sheri Berman July 24, 2003
It seems that the recent era of globalization is what’s fueling a controversy over the merits of capitalism, but historian Jerry Muller’s book, “The Mind and the Market: Capitalism in Modern European Thought,” reminds us that capitalism has had its critics since at least the 18th century. Capitalism is a relatively new system in the trajectory of human history, says this review essay. However,...