In The News

Lula: Support globalization

Alan Clendenning June 16, 2004
While hundreds of demonstrators chanted against globalization, inside a conference hall in Sao Paulo, Brazil’s leftwing President Luiz Inacio Lula da Silva had a different message. Addressing a gathering of 180-nation United Nations Conference on Trade and Development, he said the developing world should learn how to use globalization instead of denouncing it. Lula’s speech offered yet another...

The End of Textile Quotas Will Redistribute Pain and Gain

Edward Gresser June 10, 2004
The abolition of textile quotas by the World Trade Organization (WTO) in January 2005 does not bode well for all developing countries, says Edward Gresser, Director of the PPI Project on Trade and Global Markets. Although the lifting of textile quotas will be a much-awaited victory for developing countries against rich economies like the US and Europe, its benefits will be highly uneven. Come...

China is Just Catching Up

Yasheng Huang June 8, 2004
China’s so-called 'rise' in the last two decades must be put into perspective, says Yasheng Huang, associate professor at MIT’s Sloan School of Management and author of "Selling China". In recent times, Huang notes, blaming China’s buoyant economy for financial uncertainties in other parts of the world has come into vogue. But the hysteria and exaggeration expressed by...

China: The Missing Member at the G-8 Table

Jeffrey E. Garten June 3, 2004
China's key position in the world economy is increasingly obvious. A slew of indicators, from car usage and steel output to population size, shows that China cannot be ignored. Yet, writes Jeffrey E. Garten, Dean of the Yale School of Management, China will not be attending the upcoming Group of Eight summit in Georgia. Americans and others should wake up to China's importance for even...

Russia Backs Kyoto to Get on Path to Join WTO

Peter Baker May 22, 2004
Russian president Vladimir Putin’s announcement that Russia would support the Kyoto protocol on limitation of emission of green house gases into the atmosphere marks an important step. The Kyoto Protocol received a big blow when the Bush administration refused to support it. Given that there was a strong campaign by some elements in Russia against supporting the protocol the future of Kyoto...

WTO Hands a Critical Victory to African Farmers

Gayle E. Smith, Susan E. Rice May 21, 2004
Last September's WTO ministerial meeting in Cancun failed to produce a substantive trade agreement after a group of developing countries banded together to demand the EU and the US discontinue their multi-billion dollar subsidy programs. When the EU and US resisted, the talks fell apart. But the latest ruling by the WTO against US cotton subsidies may help push through the Cancun...

Paving the Way for a Sustainable Taiwan

Chen Shui-Bian May 20, 2004
Newly-reelected Taiwanese President Chen Shui-Bian delivered an inaugural address this week titled, "Paving the Way for a Sustainable Taiwan." In the speech, Chen assessed the progress of Taiwan's democratization. He said, "Democratic advancement occurs only through constant and gradual endeavor, one step at a time." Chen described Taiwan's new electoral processes,...