In The News

Challenges for China at Sixty – Part II

Frank Ching September 28, 2009
China, a significant beneficiary of globalization, is happy to go out into the world, but seems less willing to let the world come in, according to writer Frank Ching. In fact, China, which asserts that it does not interfere with the internal affairs of other countries, appears to do the exact opposite, especially with regard to issues surrounding alleged separatism in China. Notably vocal...

The Virtues of Deglobalization

Walden Bello September 10, 2009
In the last two years, globalization has gone from panacea to scourge. And the many policy responses to the current crisis reveal this sentiment, as governments focus on national initiatives to strengthen financial regulations, revealing how policymakers are beholden to their own constituents and domestic markets. While many of globalization's champions bemoan the erosion of economic...

Globalization, AIDS, and the Pornography Industry

September 4, 2009
Propelled by globalization, pornography has found an audience among individuals in the far corners of the world with serious consequences. In some places, like in parts of Africa, where electricity is a luxury, villagers have nevertheless viewed pornographic media from California. And the preponderance of such media is having a chilling effect on public health.. In many of these regions, the...

No Walls In This Street

Nayan Chanda August 31, 2009
One of the greatest fears facing the world as it entered the financial crisis a year ago was the potential aftermath of protectionism in the form of rising trade barriers. But, while many cited the beggar-thy-neighbor policies that spawned the Great Depression as the next shoe to drop, these prognostications largely did not come to pass. True, there have been some “Buy [place country here]”...

Globalization – A Setback

Fahed Fanek August 28, 2009
Globalization, once hailed as the solution for economies seeking to grow through free-markets, has suffered a setback in the current crisis. Many countries have enacted inward-looking policies that threaten to reverse globalization or foster protectionism. Meanwhile, some countries less open to the world seem to have weathered the storm better than the rest, challenging the notion of the benefits...

A Retreat From Global Banking

Floyd Norris July 24, 2009
Globalization seems to be receding in the world of banking not because the banks themselves have turned inward, but because governments are now more local in focus. Moreover, the desire or need to find a scapegoat for the crisis has also chipped away at globalization’s edifice: the Federal Reserve and the Treasury in the US have had to defend in Congress their actions during, rather than their...

Insight: The Perils of De-Globalisation

Joe Quinlan July 23, 2009
The recent economic data suggest that the fallout from the financial crisis has abated and is nearing a bottom thanks, in part, to stimulus measures taken by countries around the globe. Yet, according to the author, it is these very stimulus packages that may undermine the global economy in the long run. By filling stimulus plans with “buy local” mandates, the US and other wealthy nations could...