In The News

Chinese Oil Giant in Takeover Bid for US Corporation

David Barboza June 23, 2005
The first takeover battle by a Chinese company for an American corporation began on Thursday, triggered by a bid that the China National Offshore Oil Corporation (CNOOC) entered against Chevron's recent offer to Unocal. Within a growing and modernizing economy, China's largest corporations are striving to emulate their ruthless Wall Street counterparts. The New York Times reports that...

Brazil's Trade Perspectives: Avoiding the "Flight of the Chicken"

Marcos Jank June 22, 2005
The ascending economic star of South America, Brazil has enjoyed a substantial trade surplus in recent years, profiting from macroeconomic factors such as the devaluation of the Brazilian currency and productivity gains in export-oriented sectors of the economy. To sustain these favorable trade conditions, recommends InfoBrazil contributor Marcos Jank, Brazil should implement a series of short...

Patent Pitfalls on China’s Road of Clones

Chris Buckley June 21, 2005
As part of a drive to both improve the rule of law and encourage entrepreneurship, China is seeking to improve its patent regulations. For Chinese inventors, patents both in China and abroad mean increased revenue and access to new markets. Unfortunately, despite the many efforts that Chinese innovators are making to protect their creations against intellectual property theft, the terms of...

Free to Take Exceptions to "Free Trade"

Gregory Clark June 17, 2005
A top economic advisor to the Japanese government, Gregory Clark, argues that globalization and free trade do not always add up to global prosperity. Infant industries have historically benefited more from national trade protection than they have under free trade. The idea that protectionist measures only reward inefficient sectors and do not improve them in the long term is a crucial tenet of...

Think Continental

Gamal Nkrumah June 10, 2005
Amidst controversy over the arguably paltry US aid offerings to Africa, many countries on that continent are meeting at this week's Cairo African Trade Conference to discuss regional and continental trade as an independent path to prosperity. African nations are interested in forming a unified front at WTO negotiations to increase their trade power and improve their disadvantaged position...

Chinese Shoe Sales Strain EU Trade Ties

Tobias Buck June 9, 2005
China's shoe exports to Europe have increased nearly seven-fold since the beginning of January, when trade quotas limiting its textile and clothing output were abandoned. Low-priced and abundant, Chinese-manufactured footwear has skyrocketed in market share, panicking European shoemakers who fear that their jobs and sales are threatened. Many are calling on Brussels to adopt anti-dumping...

Bush Touts Trade, but US Bid to Empower OAS Stalls

Pablo Bachelet June 7, 2005
Concerned over political turmoil and threats to free trade emerging from many Latin American states, President Bush emphasized on Monday that democracy and trade liberalization will put troubled OAS member states on the path to greater prosperity. But the nature of recent difficulties in countries like Bolivia and Venezuela underscore the many problems with the US approach. Both countries and...