In The News

Thomas Schulz February 26, 2007
Commercial shipbuilding is on the rise, with more than 5000 giant ships set to be launched over the next three years. The boom is a response to China’s growing export market, reports Thomas Schulz in “Der Spiegel.” Germany owns most container ships, followed by China, Japan and Taiwan. But Asian firms construct the large ships, most of which are so massive they cannot fit into European ports....
Susan Froetschel February 19, 2007
Of the top six automobile-manufacturing countries in the world, the US and China are the only ones that lack universal government-backed health care. US workers expect employers like Ford, General Motors and Chrysler to provide cradle-to-grave health coverage, a significant cost burden not shared by competitors. The problem is exacerbated by health plans for retired employees – every plant...
George Gilson February 15, 2007
Cyprus has at least several billion barrels of oil in offshore fields, although the exact amount is uncertain. The island has been divided into two parts since 1974, when Turkey intervened in a coup and Turkey protests attempts by Cyprus to make oil deals with neighboring nations such as Egypt or Lebanon or international oil firms. The United Nations maintains a buffer zone across Cyprus – one-...
Bruce Stokes February 8, 2007
China has emerged as both mammoth producer and consumer, and that means more countries, including key US allies, depend on China for their economic well-being. The second article in this three-part series on worries besetting China-US relations explores how one nation’s expanding influence over global trade policy diminishes the other’s influence and flexibility. As the US trade imbalance with...
Peter S. Goodman February 5, 2007
Many politicians running for office lash out at global competition, blaming it for a host of domestic problems during election campaigns. Yet trade is a two-way street, and firms with international trade links can succeed. Examples in the US include MTS Systems, which makes tire testers, and Caterpillar, which manufactures construction and mining equipment. A sagging US dollar, the rapid...
Elisabeth Rosenthal February 5, 2007
In the race to find alternatives to traditional fossil fuels, an eager public often hails any new find as the solution to world energy shortages. Initial enthusiasm often fades as the reports of harmful complications emerge – and such is the case with biofuels derived from palm oil. Palm oil decreased carbon-dioxide emissions in the Netherlands, but environmental groups suggest that the emissions...
Robert Zoellick February 1, 2007
Cooperation and fair play do more to promote mutual and global prosperity than bickering or conflict. Former US Trade Representative Robert Zoellick points out seven concrete steps that China and its economic partners can take to ensure sustainable, responsible growth that minimizes harm both inside of China and outside. Among his recommendations, Zoellick proposes more international private-...