In The News

You’ve Never Had it So Good

February 12, 2007
Although there have been some costs, Britain has gained overall from the globalization of the last decade. Perhaps because of its colonial past, “The Economist” argues, Great Britain has embraced the economic shift in the developed world from manufacturing to services brought on by globalization. The country has seen a decade of solid economic growth and per-capita GDP levels surpassing those of...

Once a Dream Fuel, Palm Oil May Be an Eco-Nightmare

Elisabeth Rosenthal February 5, 2007
In the race to find alternatives to traditional fossil fuels, an eager public often hails any new find as the solution to world energy shortages. Initial enthusiasm often fades as the reports of harmful complications emerge – and such is the case with biofuels derived from palm oil. Palm oil decreased carbon-dioxide emissions in the Netherlands, but environmental groups suggest that the emissions...

US Exporters Feel Favorable Trade Winds

Peter S. Goodman February 5, 2007
Many politicians running for office lash out at global competition, blaming it for a host of domestic problems during election campaigns. Yet trade is a two-way street, and firms with international trade links can succeed. Examples in the US include MTS Systems, which makes tire testers, and Caterpillar, which manufactures construction and mining equipment. A sagging US dollar, the rapid...

Elite Ponder Threats to Globalization

D. Ravi Kanth February 1, 2007
World leaders meeting for the World Economic Forum have identified plenty of problems, but few solutions for global challenges. Risks to globalization include global warming, sharp inequality and increasing conflict. Yet the consensus on the list of challenges has failed to push leaders into action. A poll revealed that more than half of chief executive officers for major corporations express...

India: Poverty Retreats with Globalization’s Advance

Baldev Raj Nayar February 1, 2007
As globalization gained speed during the latter part of the 20th century, so too did India’s integration with the world economy. Baldev Raj Nayar, emeritus professor of political science at McGill University, counters critics who suggest that globalization has increased instability or poverty. By opening the door to multinational firms, India strengthened and diversified the country’s economy. He...

The Global Question: Who Needs the US?

Peter Gumbel January 30, 2007
Global trade has flourished in recent years, so much so that it’s no longer the province of developed nations. The US is the world’s leading economy, accounting for almost 30 percent of the world’s gross domestic product, yet the nation cannot sustain prosperity by living on funds borrowed from China and other nations that save. Economists remain divided about how much a disruption in any...

Oscar Embraces Globalization and Diversity This Year

Steven Rea January 29, 2007
Though it may not win Best Picture, the film most emblematic of the Academy Awards in March will be “Babel,” which examines the modern tension between instant communications and persistent language barriers. This year, films like “Babel,” with six languages, and “Letters from Iwo Jima,” mostly in Japanese, are honored in the Best Picture category, rather than confined to Foreign Film nominations...