In The News

A New Vocabulary for Trade

Jagdish Bhagwati August 4, 2005
Globalization is a complex phenomenon, which New York Times columnist Thomas Friedman has famously explained with the metaphor of a "flat world." According to fellow globalization expert Jagdish Bhagwati, however, "The notion of a flat world is as wrong metaphorically now as it was when Copernicus showed it to be literally wrong." Bhagwati charges that Friedman's word...

Globalization Is an Anomaly and Its Time is Running Out

James Howard Kunstler August 4, 2005
While American intellectuals continue to portray globalization as a new permanent fixture of the world, writes James Howard Kunstler, the global trade fair is nearing its end. Kunstler opines that the "cheerleaders of globalization" fail to recognize that today's global economic relations are based on relative world peace and reliable supplies of cheap energy. He points to...

Free Trade and Poverty

Joachim Bamrud August 3, 2005
Despite years of market reforms, many Latin American countries remain poor. Latin Business Chronicle editor Joachim Bamrud traces the region's poverty and sluggish growth to the continuing protectionism of many countries. President George W. Bush's signing of CAFTA provides Latin America with a new opportunity to abandon import tariffs, which actually hinder domestic growth and the...

The Descent of Man

Dennis Lim August 3, 2005
Darwin's Nightmare, Hubert Sauper's new documentary released in the United States this week, chronicles an evolutionary and globalization-related predicament. Decades ago, the Nile perch was introduced to the waters of Lake Victoria in Tanzania, with the aim of replenishing over-fished waters. In the years since, the six-foot fish have proved a lucrative export for Tanzania, but a...

Africa After the Music Stops

Susan E. Rice August 2, 2005
From the Live 8 concerts to the lofty agenda of the G-8 summit, the world's wealthiest nations have been charged with the daunting task of combating African poverty. On the surface, writes Brookings scholar Susan E. Rice, the Gleneagles Summit accomplished more than many expected. Member nations pledged to double African aid, provide debt relief for certain countries, and address the...

Mugabe Sells Bankrupt Zimbabwe's Assets to China

Rochelle Mutton August 1, 2005
With a highly unsavory international reputation and one of the world's most sluggish economies, Zimbabwe and its leader, Robert Mugabe, have very few cards left to play. One of those cards is its natural resource wealth. As a result, China has been willing to trade with the otherwise isolated African country. Though details of Mugabe's recent talks with Chinese President Hu Jintao...

From Shoes to Aircraft to Investment, Zimbabwe Pursues a Made-in-China

Michael Wines July 27, 2005
Zimbabwe’s President Robert Mugabe has earned the scorn of most Western countries for his brutal suppression of human rights.. As a result, amidst calls for democratic reforms, Zimbabwe’s trade has dwindled. However, China, in constant search for natural resources and markets to fuel its economic boom, has shown itself willing to overlook the rough governance styles of its trading partners....