In The News

Kevin Rafferty May 4, 2004
In this op-ed for the Hong Kong-based The Standard, Kevin Rafferty argues for the inclusion of China in the G-7/8 group. Though he acknowledges arguments about China's not having the proper "system" or freely convertible currency that naysayers deem necessary to be in the exclusive club of like-minded economic powers, Rafferty argues that China's awesome economic status and...
Jessica M. Vaughan May 2, 2004
With global trade expanding to all sectors, the US is now witnessing not just its goods being produced abroad, but increasingly, services as well. Many American companies, seeing the advantages of hiring foreign workers, have moved a step further – instead of moving service centers abroad, many companies are now importing foreign professionals into the US to do the job. This kind of outsourcing...
Josh Gordon April 28, 2004
After losing $600 million to American farmers in cotton sales in 2001, Brazil filed a complaint with the World Trade Organization (WTO) that may result in substantial changes in US policy. Brazil recently announced that the WTO had ruled in favor of its complaint that American farm subsidies distorted world cotton prices and hurt farmers in the developing world. However, an order for the US to...
April 5, 2004
The World Trade Organization (WTO) is reporting a 4.5 percent increase in trade in 2003, up 1.5 percent from their original cautious estimate. The gains are due, analysts say, to the partial recovery of the American economy and very strong growth in Asia and the post-Soviet states. China alone saw a 40% increase in merchandise imports and a 35% increase in exports. Numbers for 2004 are looking...
Niveen Wahish April 2, 2004
Inexpensive textiles from Southeast Asia and around the world will soon freely enter the Egyptian market. Though Egypt theoretically lifted its 30-year ban on textile imports when it joined the WTO in 2002, since then protectionist tariffs have effectively kept foreign textiles off the market – with mixed consequences for Egypt's domestic industry. As one expert notes, "Although we...
Robert L. Hutchings March 22, 2004
In assessing American foreign policy and strategy, the intertwined nature of the globe and the fast speed of change make any plan contingent on a variety of factors. In an effort to understand exactly that, the National Intelligence Council has created its '2020 project'. Using assessments of 'drivers' - factors that will affect the way the world changes - and a series of...
Stephen Franklin March 17, 2004
In the latest attack in the outsourcing debate, the AFL-CIO – America's largest and politically strongest union – seeks sanctions against China for allegedly having an "abusive, low-pay system that has cost thousands of American jobs". Using a trade law that has thus far only been used to protect American exports, the AFL-CIO is asking the government to cut trade with China in...