In The News

The Globalization of Absurdity

Richard S. Ehrlich June 6, 2005
Cheaply produced knick-knacks are a feature of tourist traps around the globe. Recently, those in the market for something unusual have been purchasing Osama bin Laden action figures, al-Qaida video games and other products which either glorify or condemn the elusive terrorist, most of which are manufactured by nebulous Chinese firms and shipped worldwide. Many of the products' buyers are...

Next for the West Are Cars "Made in China"

Geoff Dyer June 1, 2005
Automakers may see China as a growing market, but soon they may face unexpected competition from a number of manufacturers who are seeking to export to the West, as well. Several Chinese companies have already begun a trial run in the Middle East to prepare for the US market, the goal of more than two decades of attempts to build a competitive car industry. The Chinese companies will encounter...

The Payoff from Globalization

Gary Clyde Hufbauer May 27, 2005
Between 1946 and the present day, the United States has decreased its average tariff rate from 40 percent to 4 percent. Likewise, many economies worldwide have made moves to open their markets. Two analysts from the Institute for International Economics attempt to answer an obvious question: Has this trend benefited US citizens? Their answer: Absolutely. Unfortunately, the...

Drug Deal

Kelly Hearn May 26, 2005
In coming weeks, the US Congress may ratify the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA), creating a new free trade area. One of the often-overlooked but controversial aspects of the agreement is its intellectual property protections. According to journalist Kelly Hearn, the new protections could halt production of the generic medications that AIDS patients depend on...

How to Jump-Start the WTO

Susan Ariel Aaronson May 26, 2005
This year marks the 10th anniversary of the World Trade Organization. One of the tenets of the organization is to use trade as a means to achieve sustainable development for the world's emerging economies, but after several rounds of talks, the WTO seems stalled. As Susan Ariel Aaronson and Jamie Zimmerman write, there is yet hope for the organization and its goals. The key: Policymakers...

A Dangerous Mix of Politics and Trade

Philip Bowring May 23, 2005
China's surging textile exports have recently been subject to international scrutiny, with the United States re-imposing quotas. On Friday, Beijing voluntarily raised its textile export tariffs, a largely symbolic gesture designed to calm nerves overseas while asserting its own sovereignty. These examples of world trade tit-for-tat are not only short-sighted, writes commentator Philip...

Of Flying Geese and Sitting Ducks: Brazil Stares, East Asia Takes Off…

Marcos Jank May 17, 2005
While East Asian countries steadily continue their economic development, Latin American nations still trail in achieving sustainable growth. The difference, according to this InfoBrazil commentary, can be attributed to the diverging economic policies of the two regions. Since the 1980s, East Asia has sought to attain global competitiveness by prioritizing exports, outsourcing labor-intensive...