In The News

Outsourcing Debate - Part II

Nayan Chanda February 27, 2004
The outsourcing of white-collar jobs to India and other low-cost countries has become a sensitive issue for US voters. In the second article of a three-part series on outsourcing, YaleGlobal Editor Nayan Chanda makes the case that America's economic fears about outsourcing are driving politics this election year. Chanda observes that "blue-collar workers, long wary of outsourcing, have...

Kerry Donors Include 'Benedict Arnolds'

Jim VandeHei February 26, 2004
US Presidential hopeful John Kerry receives donations from companies and individuals that utilize off-shore tax havens and operations, the Washington Post has found. These are exactly the same group that Kerry labeled as 'Benedict Arnolds', referring to a traitor in the American Revolutionary War. With the growing number of firms that have moved operations overseas or have set up tax-...

What Goes Around…

Thomas L. Friedman February 26, 2004
New York Times Columnist Thomas Friedman argues that while outsourcing may relocate American jobs to low-cost countries, it also creates jobs by stimulating export demand for American products. "Look around this office," an Indian call center owner remarked to Friedman, "All the computers are from Compaq. The basic software is from Microsoft. The phones are from Lucent. The air-...

A Fair Globalization: Creating Opportunities for All

February 24, 2004
A new report issued by the World Commission on the Social Dimension of Globalization acknowledges that globalization's "potential for good is immense," but points to record unemployment levels as a sign that globalization has not met the majority of men and women's "simple and legitimate aspirations for decent jobs and a better future for their children." The...

Trade Is Not Bad For US Jobs

Martin Wolf February 24, 2004
Financial Times Senior Economist Martin Wolf defends outsourcing as a means for companies to improve productivity, just as free trade benefits businesses by giving them access to cheaper goods from the developing world. He argues that the only reason politicians are railing against free trade, instead of praising gains from innovation and productivity, is because they can use foreigners as...

The Fallout of Pakistani Revelations on North Korea

Phillip C. Saunders February 23, 2004
North Korean nuclear programs have long been a puzzle for the international intelligence community to solve. No one is quite sure when they started, how they started, or how far along towards producing weapons-grade uranium and plutonium they are. The recent revelation by Pakistani scientist A.Q. Khan that he sold technology to the North Koreans could begin to unravel the mystery. Talks this...

Staring Into the Mouth of the Trade Deficit

Elizabeth Becker February 21, 2004
Five years ago, the Northwestern city of Seattle made news when anti-globalization protests shut down a meeting of the World Trade Organization. Now, the city is back in the center of a national storm over trade imbalances and job loss. Seattle, the most trade-dependent city in the United States, earns more per capita from trade than any other area in the country. Yet with the US trade deficit at...