In The News

The Price of Free Trade - Part II

Tom Fawthrop October 1, 2004
Instituted some 30 years ago, the international Multi-Fiber Agreement (MFA) set export quotas on all textile manufacturing nations. Some poorer countries, like Bangladesh and Cambodia, received larger quotas, which enabled them to attract foreign investment and sharply boost their earnings. Artificially protected from competition, they built their developing economies around the textiles...

Pity the Giants

Kesa Nimrahong September 30, 2004
Despite strong international sanctions against the illegal trade, ivory products still flourish in Thailand, where ivory carving is a traditional art. Thailand finds itself at the epicenter of an international black market, ushering in large shipments of African ivory each year. Materials are smuggled through a complicated trail that sometimes passes through ports as far flung as Saudi Arabia and...

Fifty Dollar Oil

September 29, 2004
Forecast violence in the Niger Delta recently startled an already jumpy oil market. The double-punch of this insurgency and other negative news has brought the cost of oil in the United States close to US$50 per barrel, the highest price recorded to date. Why the extraordinary spike? Oil traders may be partially to blame. Opec nations, who import in foreign currency, may have difficulty...

The Price of Free Trade - Part I

Mustafizur Rahman September 29, 2004
Instituted some 30 years ago, the international Multi-Fiber Agreement (MFA) set export quotas on all textile manufacturing nations. Some poorer countries, like Bangladesh and Cambodia, received larger quotas, which enabled them to attract foreign investment and sharply boost their earnings. Artificially protected from competition, they built their developing economies around the textiles...

Shanghai Cooperation Organization Signs Agreement in Bishkek

Valentinas Mite September 25, 2004
Since the 2001 invasion of Afghanistan, the Bush administration's strategic interest in Central Asia has grown significantly. The region now represents another arena in which the "war on terror" must be waged. Yet the growing influence of the US in Central Asia has alarmed Russia and China, who consider the region their backyard. The Shanghai Cooperation Organization (SCO),...

Looms of Doom

Sutapa Mukerjee September 22, 2004
The collapse of the specialized silk industry in parts of India results from years of mismanaged industry policies and an influx of Chinese silk - a cheaper, more durable alternative. Five years ago, the Indian government allowed the free import of Chinese crepe silks, reversing a protectionist ban that had only served to produce a demand for smuggled Chinese goods. The new policy has seen a...

France Hopes to Block the Wave of Globalization

A. Sheshabalaya September 20, 2004
Job outsourcing has figured prominently in worldwide economic discussions, and the French government has taken a decisive, though controversial, step to address the phenomenon. In an effort to protect domestic employment, Prime Minister Raffarin announced a large subsidy for companies refraining from relocation. Honorable intentions aside, writes global Ashutosh Sheshabalaya, France may be...