In The News

The Russian Challenge – Part II

Joergen Oerstroem Moeller October 6, 2008
For enduring success in this era of interdependence, negotiation rather than military power might prove more effective. Neighboring and competing states automatically flinch from those who employ bullying tactics, and long to follow countries that lead by example. This YaleGlobal series examines Russia’s relationship with Europe and the US, and in the second part of the series, former diplomat...

Chinese Companies Face Uphill Path for Profit in India

Wei Gu September 26, 2008
Chinese manufacturers have long been able to manufacture products at a fraction of the cost of production elsewhere, setting the standard for production models in recent years. However, with a surplus of producers in their domestic market, Chinese companies look west to India. As journalist Wei Gu notes, India is both the alluring “prize” of emerging markets as well as a steppingstone to Western...

Keeping Up With China's Olympic Shine – Part II

Alexandra Harney September 24, 2008
China has become known as factory to the world – as manufacturers invested in factories to take advantage of a labor force that accepts low wages and a government with minimal environmental standards and even less enforcement. Shoppers like low prices while the companies enjoy immense profits. China, indeed the entire world, pays a heavy price for manufacturing firms gathering in a place with...

Beijing’s Shadowy Fund for Buying Assets

Jamil Anderlini September 19, 2008
China’s government has an immense pool of savings, which has ballooned in value over the past eight years, and decisions about how to invest or spend that cash influences other nations and industries. One fund, Chinese Investment Corp., is more open than the State Administration of Foreign Exchange, which manages the world’s largest foreign-exchange reserves. The Chinese funds have gradually...

New US Law Requiring Country-of-Origin Label on Food to Take Effect

September 18, 2008
As of September 30, US food manufacturers and grocery stores will follow footsteps of some other countries by labeling meat, fruits and vegetables with country of origin. Fish and seafood have carried such labels since 2005. “The idea gained momentum, though, following a string of food-borne illness outbreaks, new concerns over the safety of food imports and some of the largest meat recalls in...

Is Mexico the New China?

Rafael Rivero, Sara Miller Llana September 17, 2008
With uncertainty in oil prices and rising labor costs in Asia, Mexico is luring manufacturing jobs away from China. US companies seek manufacturers close to US markets, an attempt to curb transport costs. Chinese workers also demand protections and higher wages. An emphasis on public and worker education also attracts jobs: Mexico has emphasized worker education, which complements value-added...

Globalization and Politics

Nayan Chanda September 17, 2008
Faced with a battered American economy and a five-year high unemployment rate, US presidential candidates tend to slip into anti-trade mode. Piling blame on foreigners is convenient and attracts votes. But the US has misidentified the source of its economic woes, suggests Nayan Chanda in his column for Businessworld. Outsourcing is just one side of the coin of globalization; on the flip side,...