In The News

August 29, 2002
Pakistani smugglers were caught with 550 pirated video discs in Malaysia. The video discs – copies of films from Bollywood, India’s answer to Hollywood – were capable of producing 100,000 copies in turn. As video piracy spreads, this recent capture is an example of the global crime network. – YaleGlobal
John Mason August 28, 2002
The World Bank will launch an international biotechnology initiative aimed at opening up policy possibilities for the use of genetically modified (GM) foods. The global initiative sits against the backdrop of environmental, social, and economic concerns regarding the role of GMs. Economically, the biotechnology proposition has found European consumer opposition, creating rifts in trade with the U...
Edmund L. Andrews August 23, 2002
American steel companies and their representatives in Congress called on President Bush to rescue their dying industry and increase steel tariffs this spring. He did so, infuriating the European Union, which then filed a complaint with the World Trade Organization, arguing that the U.S. was violating free trade rules. Bush has tried to satisfy both sides, discreetly excluding some steel...
Ursula Owre Masterson August 21, 2002
Civil war has ravaged countries like Sierra Leone and Angola for decades. These conflicts, as much about money as about politics, often center around one of the African continent’s most precious resources: diamonds. Rebel groups often sell the gems to developed countries and use the profits to fund their fighting. After years of benefiting from the cheaper stones, Western governments, led by...
August 2, 2002
After a long period of intensive lobbying that spanned two administrations, President Bush won a key victory for his international trade platform when Congress granted him trade promotion authority. This authority means Congress must either accept or reject in full any international trade agreement the Bush administration proposes, rather than picking through it. But while this will certainly...
Marc Lacey July 25, 2002
When a bag of charcoal fetches US$10 in the Middle East, and a full ship’s worth is valued at US$1 million, there is no wonder that charcoal is called Somalia’s “black gold.” But what might be good for individual citizens living in a war-torn county is hardly good for the country and its environment. The U.N. estimates that forestation in Somalia has shrunk from 14% of the land to 4% in a decade...
Elizabeth Becker June 27, 2002
Thanks to record high US farm subsidies, American farmers can produce cheap crops that drive drown prices in foreign markets. Even though the US maintains that its farm subsidies are within WTO limits, countries around the world believe that the subsidies are contributing to the underdevelopment of agriculture-dependent African and Latin American economies. The US contends that it is trade...