In The News

‘Developing Countries Should Have a Bigger Say in the World Bank and IMF’

May 20, 2005
In a recent interview with YaleGlobal editor Nayan Chanda, Kemal Dervis, former Minister of Economic Affairs in Turkey and author of the book A Better Globalization, talks about reforming the United Nations Security Council and the role of international financial institutions. Excerpts of the interview follow.

China Hits Out at New US Textile Quota

Richard McGregor May 16, 2005
The expiration of textile quotas on January 1, 2005, saw a slight shift in global garment trade. Though not as drastic a change as many had feared – some of the smaller producers have managed to keep pace with the quota-free market – China's exports increased significantly. Responding to the spike in Chinese exports, the European Union and United States both launched separate...

Tangled Threads of Protectionism – Part III

Linda Lim May 10, 2005
One of the textile industry's oldest problems is again under focus: how to adjust in the face of changing technology, tastes, and economic fundamentals. Politicians are calling, not surprisingly, for a populist solution – protect jobs by raising walls against imports. In a three-part series, trade experts examine the issues surrounding the post-quota state of the textile industry. With the...

Death by a Thousand Cuts

Immanuel Wallerstein May 9, 2005
The United States has long been the major power influencing Latin American politics and business, encouraging currency ties, controlling natural resources, and at times even helping to depose governments it no longer supports. But recently several small "cuts," as Imanuel Wallerstein writes, have undermined US control in the region. One example is the ouster of Ecuadorian President...

More Creative Thinking Needed On Drug R&D

Priya Shetty May 4, 2005
Countries worldwide are investing more and more in research and development on diseases and drugs to fight them. But few of these projects are aimed at illnesses afflicting the world's poorest regions – illnesses which account for widespread death and devastation. A major reason for this neglect is the patent system, which prioritizes duplication over innovation; new global intellectual...

Tangled Threads of Protectionism – Part I

Pietra Rivoli May 3, 2005
One of the textile industry's oldest problems is again under focus: how to adjust in the face of changing technology, tastes, and economic fundamentals. Politicians are calling, not surprisingly, for a populist solution – protect jobs by raising walls against imports. In a three-part series, trade experts examine the issues surrounding the post-quota state of the textile industry. With the...

Germany Profits from International Division of Labor

Patrick Welter April 29, 2005
Recent WTO announcements suggest that Germany is effectively handling with the forces of globalization to maintain a flourishing and beneficial trade position, writes F.A.Z. Weekly. Germany's exports have increased steadily, especially compared with other euro countries whose exports have declined due to the falling dollar. Though countries like China have seen dramatic leaps in their trade...