In The News

Increased Globalization Pivotal to Japanese Reform

Richard Katz December 4, 2002
Japanese exports have been at the forefront of the globalization of its manufacturing sector, and yet the Japanese economy as a whole remains remarkably insular. If Japan is to dig itself out of its current deep economic crisis, the solution has to be further opening of the country and increased globalization. - YaleGlobal

US Tariff Plan Raises Concern at WTO

Ravi Kanth December 3, 2002
The US proposal to phase out tariffs on industrial goods is meeting with opposition from some members of the World Trade Organization. Many agree with a South Asian trade envoy who criticized the plan’s 'glaring absence of special flexibilities for developing countries with different levels of economic development'. Developing countries worry that revenue flow to their governments will...

India Opposes Zero Tariff Plan Proposed by US

December 3, 2002
The World Trade Organization is considering a US proposal to eliminate non-agricultural tariffs. India and many of its neighbors have heavy criticism for the plan, which they say will decrease governmental revenues and adversely impact developing economies. – YaleGlobal

Obstacles to Zero Tariffs

November 29, 2002
For many people, economic globalization means the dismantling of all barriers to free trade, a process which would eliminate all taxes on imported manufactured goods and agricultural subsidies. At the Doha round of world talks, the United States proposed zero tariffs on industrial and consumer goods by 2015. Though few can argue that lower tariffs will eventually benefit consumers, many...

Hollywood in the Era of Globalization

Allen J. Scott November 29, 2002
Hollywood films represent more than half, and sometimes more than two-thirds of total box-office receipts in major markets. Films that succeed in the US market also tend to succeed in foreign markets. This suggests that a convergence of popular taste may be coming about, though in many countries this phenomenon also occurs against a backdrop of cultural contestation. Hollywood has been a success...

A Beleaguered Hemisphere

November 22, 2002
Hailed as a shining example of the merits of free trade and democratic reforms in the early 1990s, Latin America has become burdened by a series of economic downturns and tumultuous political conditions. Addressing its concerns in isolation does not seem like a viable option. With events in other world regions demanding attention from the United States, the problems of its southern neighbor have...

Spotlight Falls on a Heavily Globalised Industry

Daniel Dombey November 20, 2002
After the oil tanker, the Prestige, broke in half off the Spanish coast and began gushing forth its slick contents, thousands of fishing families and businesses who depend on the ocean and pristine beaches began asking who should be held liable. As this Financial Times article notes, "the Prestige, registered in the Bahamas, owned by a Liberian company, managed by a Greek company and...