In The News

The Great Catfish War

July 22, 2003
Double standards abound when it comes to the 'catfish war' the US is waging against Vietnam. Eager to engage an old enemy, Washington promoted the decidedly un-Marxist idea of free trade in Vietnam's Mekong Delta and helped transform it into a prime exporter of catfish. But as soon as Vietnam started profiting and Mississippi catfish farmers started losing in the competition, the...

Cancun: A Battle for Life

Yanuar Nugroho July 16, 2003
Developing countries must be prepared to wage war on unfair trade regulations at the next round of WTO talks in Cancun, says an Indonesian scholar in the Jakarta Post. Recession has slowed the economies of the developed world and the September meeting in Cancun will likely be aimed at reducing trade barriers and opening the markets of developing countries to rich nations like the United States...

Your Farm Subsidies Are Strangling Us

Amadou Toumani Toure July 11, 2003
African cotton is the best and cheapest in the world, maintain Presidents Amadou Toumani Toure of Mali and Blaise Compaore of Burkina Faso. Yet cotton farmers in their countries remain impoverished. In a jointly written opinion article for The New York Times, the Presidents of these two African nations solicit Western nations to cut the cotton farm subsidies that lead to overproduction, distort...

Closing Doors to Growth

July 8, 2003
Having the most closed markets in the world is nothing to be proud of, this editorial in an influential Indian business daily maintains. According to a recent World Trade Organization report, less globalized countries saw per capita income growth just 0.9 percent per annum, while those that were highly globalized saw annual incomes grow by 4.3 percent. Therefore, the editorial argues, if India...

Time to Trade

Anke Bryson June 27, 2003
Three years ago, Germany’s major stock exchange operator, Deutsche Börse, extended its trading hours until 8:00pm. The move, an anomaly in a country where all shops close every Sunday, was designed to appeal to a flood of new private investors who had no time to speculate during the regular work day. Now, after a market decline caused those investors to flee, Deutsche Börse will likely bow to the...

EU Agrees Radical Farming Reforms

Tobias Buck June 26, 2003
The European Union (EU) has ended year-long negotiations on its common agricultural policy but the world has yet to see its implications. Although the original proposal, drafted by the pro-reform EU farm commissioner Franz Fischler was heavily diluted, he did achieve part of its goal to overhaul Europe's stronghold on billions of Euros in subsidies. France, the biggest beneficiary of the...

Triumph of Pragmatism

June 25, 2003
Settling boundary disputes between China and India will draw the two countries closer together, this editorial in the Hindu maintains. Indeed, the Beijing Declaration produced at the recent India-China summit talks aims to settle long-disputed territorial claims and constitutes a mutual effort to repair strained relations between the two giants. By resolving these border issues, an agreement...