In The News

February 23, 2006
New York Times foreign affairs columnist and author Thomas L. Friedman talks about the next edition and updates to his bestselling book, "The World Is Flat," with Nayan Chanda, editor of YaleGlobal Online. A full transcript of their conversation follows.
Andrew Browne February 22, 2006
With the appreciation of China’s currency moving at an unsatisfactory pace for the Bush administration, the US is signaling that it may press the issue more forcibly. Last year the US trade deficit with China rose to $202 billion, more than a quarter of the total US deficit. A week ago, US Trade Representative Rob Portman introduced a task force that will analyze Chinese trade practices. The...
Saritha Rai February 21, 2006
The owner of the largest steel company in the world is meeting some resistance after making a $22.7 billion bid for its French rival, Arcelor. The proposed takeover by Mittal Steel, owned by an Indian national, Lakshmi N. Mittal, has sparked an intense concern in Europe. Mittal denies suggestions that a clash of business cultures could result, emphasizing the company’s international character...
February 21, 2006
The fight for survival by age-old icons of business and culture is not limited to the US. Volkswagen and other carmakers in Germany and France question whether they can provide mass domestic employment while competing against firms with lower labor costs in Portugal, Romania, Slovakia, the Czech Republic and China. One study reports that one in seven German jobs is “directly or indirectly...
Keith Bradsher February 21, 2006
With strong backing from the Communist Party, the Chinese company Lifan is making the jump from manufacturing motorcycles to cars, planning to compete with companies like Honda and Ford. The company is bidding to acquire one of the most innovative car engine plants in the industry from Damiler Chrysler and BMW The plant is in Brazil, but Lifan plans to break Campo Largo down and reassemble it in...
Guy de Jonquières February 20, 2006
The world has become “mesmerized” by China – hungry for its market and fearful of its increasing strength. In this article, Guy de Jonquières speculates about the possibility of an economic downturn for China and what that might mean for the world at large. Such an event, while unlikely, could emerge with “internally generated upsets” such as a property market crash or social unrest. His argument...
Eric Wiedemann February 17, 2006
“El Dorado” is commonly known as the mythical city of gold. In Hamburg and other German cities, however, used-car scrap yards, known as “dorados,” challenge the traditional meaning. The “dorados” are huge fields, divided by fences, where dealers sell German cars that no longer meet safety or emissions standards, most destined for Africa and Eastern Europe. Despite appearances, there is nothing...