In The News

Nuclear Friends in Need

Teresita C. Schaffer July 12, 2007
India and the US continue to struggle over how to implement a landmark nuclear pact. Agreed to by leaders in 2006, the deal would allow the US to sell nuclear fuel and technology to India for its civilian program and end India’s status as a “nuclear outlaw,” explains Teresita Schaffer, director of the South Asia Program with the Center for Strategic and International Studies. But some tricky...

European Wine Wars: EU Vintners Turn Up Noses at Wine Reform

July 10, 2007
Europe is the world’s largest producer of wines. But in the EU, wine consumption is decreasing, even as inexpensive imports enter the market. About 15 percent of wine produced in the EU goes unconsumed, and the EU invests hundreds of millions of euros to turn unwanted wine into cheap cleaning products. The European Farm Commissioner proposes saving the EU money by paying farmers to destroy vines...

EU Globalization Fund Questioned

George Parker July 5, 2007
The EU created a fund to assist those who have lost jobs due to global competition. But the fund has received a mere two requests for aid, prompting speculation about whether global competition really harms European jobs, reports The Financial Times. France was the most enthusiastic supporter of the fund and so far is the only country that has applied for funding. France wants money to retrain...

The Rising and Falling Power of Hydrocarbon States

Dilip Hiro July 3, 2007
The global economy runs on oil. Unequal distribution of oil throughout the world bestows power on the few states with ample supplies. Venezuela is one example of a nation that uses oil as leverage in foreign affairs: Besides consolidating his popular base at home, President Hugo Chavez has helped debt-ridden countries in that region, openly mocks the US and signed an arms-procurement deal with...

The Next Globalization Backlash

Sebastian Mallaby July 3, 2007
Globally, with national reserves growing, countries move spare cash into sovereign wealth funds. Oil-rich countries, such as Russia and Nigeria, have experienced high growth rates, and it is unlikely that hydrocarbon prices will fall anytime soon. A global trade imbalance also spurs the funds’ growth. East Asian countries, such as China and Japan, have accumulated large sums, while the US...

The Double Edge of Globalization

Nayan Chanda June 28, 2007
Activists have long accused global corporations of being bad environmental citizens. But the problems of climate change and deforestation are part of a larger phenomenon, in which globalization is but one factor among many. As Nayan Chanda, editor of YaleGlobal, discusses in his new book “Bound Together: How Traders, Preachers, Adventurers, and Warriors Shaped Globalization,” international...

A New Deal for Globalization

Kenneth F. Scheve June 27, 2007
Globalization – through education, trade and innovation – has delivered immense benefits for the US. But wages have declined, even for workers with college degrees. Only workers with doctorate or professional graduate degrees – less than 4 percent of the work force – experienced earnings growth between 2000 and 2005. Unskilled and low-skilled workers make up the majority of the US labor force....