In The News

Brazil Warns on Trade Negotiations with US

Raymond Colitt February 13, 2003
Brazilian officials criticized Washington's recent offer to eliminate all tariffs in the western hemisphere en route to a NAFTA-like free trade agreement. Brasilia is particularly put off by agricultural subsidies and other non-tariff measures that would protect US sensitive markets while allowing penetration of US goods into Latin American markets. Brazil's foreign minister...

Bavaria and the Case for Free Trade

Timothy Guinnane February 13, 2003
The small state of Bavaria joined, in 1834, a pan-German free-trade area that preceded the formation of a unified Germany. Integration into Zollverein, as this area was called, hurt some Bavarians and benefited others. The author argues that the downsides to such integration – as with today's globalization – are comparatively short-lived. Today, critics of globalization from both developed...

By Invitation Only: Cozy Free Trade Deals Subvert Global Integration

Bernard K. Gordon February 13, 2003
Against most predictions, the Bush administration successfully wooed both Singapore and Chile into free trade agreements, with huge perceived benefits for US investors. Paradoxically, this move away from multilateralism and global trade institutions is not in the interest of the US, the world's largest trader. Professor Bernard K. Gordon examines the paradox, and offers some general...

Behind Roses' Beauty, Poor and Ill Workers

Ginger Thompson February 13, 2003
In only five years Ecuadorean roses have become one of the most popular Valentine’s Day flowers on the international market. Born out of the anti-drug war in the US, which encouraged Central American farmers to convert to flowers rather than cocoa, Ecuador's flower industry now boasts 50,000 thousand jobs and salaries above minimum wage; the success has transformed a once impoverished...

E-JUNK: Loophole in dumping law 'hurts public'

Sirinart Sirisunthorn February 11, 2003
Technological junk from around the world is finding its way to Thai ports, where it becomes the government's property – and the government's responsibility. Since Thailand is not a member of international agreements banning trade in hi-tech garbage, it cannot send unclaimed shipping containers back to their country of origin. Instead, Thais must pay to have the contents processed and...

Lessons from History: Globalization Then and Now

Harold James February 5, 2003
The debate about globalization has changed since September 11th. Princeton University history professor Harold James points out that the terrorist attacks have led to calls for more controls on the free flow of capital, goods, and people, while the Enron scandal has sparked debates about regulation of business practices. Citing numerous historical parallels, James shows how such responses to the...

Food Imports: Tough New Checks

February 5, 2003
Thailand’s announcement of more stringent inspections of food imports from the EU and other areas comes after the EU’s own announcement of stricter regulation against Thai food imports. Thai officials claim the new policy is not a retaliation against the EU, whose more rigorous inspections have caused Thai food exporters large financial losses. - YaleGlobal