In The News

Concern over GM Papayas Raised by Jao

Chiu Yu-Tzu September 16, 2003
Genetically modified foods are not only causing a stink in the US, Europe, and Africa. In Taiwan, legislators and environmentalists are crying foul over the discovery of two GM papaya plants found growing outside of an experimental field. One environmental activist argues that "the government should immediately launch a safety assessment regarding GM papayas," citing a US case in...

China Joins the Global Economy - Part One

David Zweig September 15, 2003
Just over two decades ago, China was a vast, poor country whose centrally-planned economy offered its citizenry little hope for an improved standard of living. After a series of market-oriented reforms, however, many Chinese now regularly enjoy luxuries that were once reserved for the elite. In part one of a 2-part series on China's entry into the world economy, China expert David Zweig...

Rich-Poor Rift Triggers Collapse of Trade Talks

Kevin Sullivan September 15, 2003
Representatives from developing countries walked out of WTO trade talks this weekend in Cancun, claiming that the United States and European Union (EU) countries were unwilling to negotiate the reduction of agricultural subsidies. Many states from Latin America and Africa consider the $3 billion of subsidies provided by wealthier countries to their farmers to be a de facto "dumping"...

China Protectionism Equals Votes

Christian Bourge September 15, 2003
US Treasury Secretary John Snow's failure to convince China to float its currency has been met with dismay by the Bush administration. As American unemployment grows in the manufacturing-heavy swing states like Pennsylvania and Michigan, Bush is looking to place blame elsewhere before he has to compete in the 2004 presidential election. China seemed like a good target – the US has a...

Protesters Swarm the Streets at W.T.O. Forum in Cancún

Ginger Thompson September 14, 2003
Developing nations lost the trade battle this weekend in the WTO talks, as richer countries pushed through a proposal that kept most of the 3 billion dollars worth of agricultural subsidies intact. Defending the subsidies, which nations in Africa and Latin America consider akin to "dumping practices" and which the US and EU states call necessary, wealthier nations called on groups such...

African Nations Press for an End to Cotton Subsidies in the West

Elizabeth Becker September 12, 2003
Agricultural subsidies continue to be the keyword for the current round of WTO talks in Cancun. Cotton has become the symbol of the debate, with four African nations who depend on the crop for 10% of their gross domestic products claim the combined 4 billion dollars worth of subsidies provided by the EU and the US to their cotton farmers keep prices below cost. Unsubsidized farmers can not...

Why China Should Not Revalue Its Currency

Linda Lim September 12, 2003
Many Americans are searching for someone to blame for their currently struggling economy. Higher unemployment, a drop in the value of the dollar, and low consumer confidence have made the booming 1990s a distant dream. Some US industries have reacted to the economic slowdown by accusing a top exporter, China, of purposefully undervaluing the yuan. Demands to decouple the yuan from the dollar...