In The News

AFL-CIO Asks Penalties Against China

Stephen Franklin March 17, 2004
In the latest attack in the outsourcing debate, the AFL-CIO – America's largest and politically strongest union – seeks sanctions against China for allegedly having an "abusive, low-pay system that has cost thousands of American jobs". Using a trade law that has thus far only been used to protect American exports, the AFL-CIO is asking the government to cut trade with China in...

Where Are the Jobs? The Harsh Truth about Outsourcing

Paul Craig Roberts March 15, 2004
As the US struggles to deal with the political and economic fallout from the outsourcing of high-tech and manufacturing jobs overseas, many analysts have come down on all sides of the debate. Will America benefit in the end? Does the theory of "comparative advantage" hold true? Can the US find a niche that will allow it to replace the jobs lost and reverse wage declines? The answer,...

With Mexico FTA Set, Japan Turns Toward Asia

Mayumi Negishi March 12, 2004
After completing only its second Free Trade Agreement (FTA) ever, Japan is looking towards Malaysia, Thailand, the Philippines, and South Korea for new prospective partners. The newly-inked Mexico FTA will provide much-needed agricultural imports to a country that imports 60% of its food stuff; however, it took some work to overcome the voices of the powerful Japanese agricultural lobby. With...

Laissez Unfaire

Arindam Mukherjee March 11, 2004
Globally, the Free Trade Agreement (FTA) is very much in vogue, but India is rethinking its rush to keep up with trends. At present, there are some 250 FTAS globally, a figure that is likely to increase dramatically in the near future. India has made many strides in this area, signing, or committing to sign, various multilateral as well as bilateral agreements. Currently, it is in the process...

Thaksin's Chance for Leading Role in the Region

John D. Ciorciari March 10, 2004

India and Pakistan Get Ready for Cricket

M.J.Akbar March 8, 2004
As Indian and Pakistani cricket teams face off this week, the matches may arouse more emotions than the two countries' recent diplomatic relations. The resumption of play on the sub-continent is a remarkable turn in a relationship that has been marked by bloody conflict over the disputed Kashmir region, argues M.J. Akbar, editor of The Asian Age. Now, political pragmatism may outweigh...

Outlook: Outsourcing America's Future

Jodie Allen March 8, 2004
Most economists - including American ones - argue that in the long run, outsourcing makes sense both for business and society. In this online discussion, Jodie Allen, Managing Editor of US News & World Report, challenges this long held economic assumption. While recognizing some of the positive aspects of outsourcing (e.g., cheaper consumer goods), she points to a recent US Labor Department...