In The News

Oxfam Launches Fair Trade Coffee Chain

Tash Shifrin May 13, 2004
The growers of one of the world’s most globalized farm produce –coffee --may benefit from the worldwide concern about their plight. The UK based international development and aid agency, Oxfam and a private coffee company have launched a joint-venture: a chain of fair trade coffee shops named the Progreso Café. Fair trade coffee is the fast growing coffee sector in United Kingdom and provides...

Farmers to Gain in Trade Blow to US

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...

Free Trade and Outsourcing Are Not the Same

Clyde Prestowitz April 25, 2004
Financial theorists, politicians, and labor groups in the US have recently butted heads over the nature of free trade. Theorists credit skyrocketing amounts of global trade with increased standards of living worldwide, whereas many politicians have decried the loss of jobs overseas due to outsourcing and unrestricted competition. Clyde Prestowitz, president of the Economic Strategy Institute...

Asean to push for free trade talks with Australia, NZ

Chuang Peck Ming April 22, 2004
With free trade agreements with China, India, and Japan due to go into force over the next ten years, the Association of South-East Asian Nations (ASEAN) is now proposing FTA deals with Australia and New Zealand. In the most recent ASEAN trade meeting, economic ministers of the ten member states also decided to further lower the tariffs within the region under the ASEAN Industrial Cooperation...

European Sugar Policy Works to Undermine Trade With Asia

April 19, 2004
A recent report by Oxfam, an international non-governmental organization, has concluded that the European Union's skewed sugar regime is heavily subsidized, benefits several big companies, and generally hurts poorer countries. "This is a sugar scandal, and there is nothing sweet about it. The system rewards big companies and rich farmers with EU taxpayers' and consumers'...

The Shrimp Wars

Christina Hoag April 19, 2004
When American wild pink shrimp caught in the ocean are sold for $18.99 a pound while farmed shrimp from Thailand are only sold at $7.99, the market is going to tilt. In recent years, American shrimpers have found it increasingly difficult to maintain their business – ten years ago there were 5,000 shrimp trawlers in the Gulf of Mexico, but today only about 1,900 are left. The Southern Shrimp...

Globalization Alone Isn't Enough

Stephen Haber April 11, 2004
At a recent Summit of the Americas meeting in Mexico, US President George W. Bush urged Latin American countries to adopt a Free Trade Area of the Americas agreement so that the region could become even more integrated into the global economy. Latin American leaders, however, are cautious. In the 80s and 90s, most Latin American countries opened their economies to foreign trade and investment...