In The News

Status in the New Asia

Roger Cohen May 14, 2014
The desire to feel special is a universal quality among humans. People who no longer must worry about survival and security pursue status in varying ways including wealth, knowledge, purpose or notice. The notion that globalization equals homogenization is too simple, argues Roger Cohen, in his column for the New York Times. “‘Mass’ is becoming a problematic word in the global marketplace,” he...

Renminbi Undervalued? Think Again

Farok J. Contractor May 8, 2014
The Chinese currency may be under-valued, but not by much. The renminbi has appreciated by 35 percent since 2005 amid persistent inflation in China’s manufacturing sector, and further appreciation is unlikely, reports Farok J. Contractor, management professor. The semi-annual US Treasury report describes the currency as “significantly undervalued,” but does not declare China a “currency...

Globalization Responsible for Factory Tragedy

Grahame Lucas April 28, 2014
A year has passed since the collapse of the Rana Plaza factory complex that killed more than 1100 workers – the worst accident in Bangladesh history. Activists in Bangladesh report some improvements in wages, inspections and worker training. Yet wealthy consumers around the globe fail to see the connection between their quest for affordable fashion and the workers who toil for low wages and...

Testing Times for Globalization

Nayan Chanda April 21, 2014
Results of the upcoming European Parliament elections will reveal if rightwing, anti-immigrant, anti-globalization parties are on the rise in Europe or if a few discontents are making noise. Anti-immigrant parties have made gains in Norway, Switzerland, the Netherlands and France – and such victories force centrist parties to retreat on inclusive policies, assess citizen sentiments and appeal to...

Obama Travels to Asia, But Future of Trade Pact Is Uncertain

David Dapice April 21, 2014
President Barack Obama begins travels this week to Japan, South Korea, Malaysia and the Philippines as the United States strives to convince Asian allies that a pivot to Asia is real. An indicator of US policy success is the Trans-Pacific Partnership, a trade pact being negotiated by 12 Pacific Rim nations, explains economist David Dapice. Such regional trade agreements are emerging beyond the...

On the Wrong Side of Globalization

Joseph E. Stiglitz April 7, 2014
Trade adds to market efficiency and the diversity of goods. But unlike trade agreements of old, which focus on eliminating ineffective tariffs, the modern agreements focus on non-tariff barriers and minimizing regulations that protect consumers, workers and the environment. Economist and Nobel laureate Joseph Stiglitz – weighing in on the Trans-Pacific Partnership, a proposed agreement of 12...

So Much for “China-Malaysia Friendship Year”

Bruce Einhorn March 27, 2014
China is in the position of having to rely on an investigation and initially less than forthright communications from a smaller neighboring state after the disappearance of Malaysian Airlines Flight 370. Most of the passengers on the flight were Chinese, and China is frustrated. The year “2014 was supposed to be a time to celebrate the strong ties between China and Malaysia,” reports Bruce...