In The News

Made in Italy at Chinese Prices

Fiona Ehlers September 8, 2006
During the Middle Ages, cities in Europe used high walls and moats to protect their residents from invaders. Modern globalization has changed all that: Textile jobs gradually moved from Europe to low-wage countries in Asia. But now textile jobs return to Europe, as Chinese workers relocate and set up business. The Italian city of Prato has a strong community of Chinese workers, both legal and...

Chinese Take a Turn at Turning a Sub-Saharan Profit

Lydia Polgreen September 1, 2006
The country with the highest growth rate in the world targets Africa for development, as evidenced by its strong presence in nations both rich in oil and not. Trade between Africa and China nearly quadrupled since 2001. Some economists suggest that China offers the continent practical benefits, not patronizing lectures on religion, politics or economic systems. For example, in Senegal, China...

A Restriction on Trade and Security

Donald Weadon August 23, 2006
In response to increasing fears about China as an emerging world power, the commercial export-control agency for the US has proposed new restrictions. Since World War II, the US relied on a multilateral system that controlled military commercial technology. Yet the US Bureau of Industry and Security has shifted to a bilateral approach, restricting the “sale, re-export or transfer” of 47...

Skills Outweigh Natural Resources – In Attracting Foreign Investment, Says Afeti

Bennnett Akuaku August 17, 2006
Africa is rich with oil, minerals and wildlife, but with adult literacy and child labor rates at just over 50 percent, the continent remains impoverished. By coincidence or not, Africa’s share of worldwide foreign direct investment in 2005 was about 3 percent, and the same percentage of the African population possesses higher education. Globalization places a premium on skills, suggests higher-...

When Labor Loses Out to Trade

Gustav Ranis August 10, 2006
International trade raises the standard of living for most people in any country, but inevitably results in a loss of jobs for a few. The challenge for governments is identifying and implementing policies that support readjustment of those few workers at a reasonable cost. International trade accounted for about 4 percent of layoffs in Canada, the US and the EU in 2000, according to the...

Managing Globalization: A New Trade Bandwagon – Are Rich-Poor Pacts Fair?

Daniel Altman August 8, 2006
Following in the wake of the failed Doha Round trade talks, negotiators turn their energy to bilateral trade agreements, which usually pair rich and poor countries. The US is eager to participate in bilateral agreements, recently making deals with Chile, Jordan and Singapore. In addition to creating more employment opportunities, the agreements also increase exports from each country. Less...

A New Brand of Power

Sebastian Mallaby August 8, 2006
Some product brands, from Apple’s iPods to Nike Air Force Ones, attract fast, global popularity. For many modern products, corporate value centers on patents, skill and brands – and yet firms have less control over brand popularity than ever before. Consumers tend to rely on word of mouth and blogs more than advertising. Customer opinions matter, according to columnist Sebastian Mallaby, and...