In The News

Globalization’s New Left

Nathan Gardels April 6, 2006
Policies meant to promote globalization – cutting public budgets, deregulating markets and liberalizing trade – have created new wealth, especially in Asia. Beneath the veneer of the growing global middleclass, however, is another story – that of the billion people worldwide who have been disenfranchised as their countries make the “structural adjustments” necessary to compete globally. In...

Don't Give Up on WTO, Fix It

Richard G. Lipsey April 4, 2006
Contrary to what its most adamant critics maintain, the World Trade Organization (WTO) is a primary defense for poor and oppressed nations against exploitation from powerful nations and companies. Economist Richard G. Lipsey traces how the international institution that regulates trade emerged from policies facilitating globalization during the latter half of the 20th century. The WTO does not...

Does Globalization Help or Hurt the World’s Poor?

Pranab Bardhan March 31, 2006
As debates over economic globalization rage, one writer ponders whether “expansion of foreign trade and investment” influences the world’s poor. Author Pranab Bardhan notes that the answer is neither a simple yes or no. By certain measures, the level of extreme poverty has lessened worldwide, but that doesn’t necessarily correlate with globalization and could be the result of some domestic...

Is Globalization Stealing EU Jobs?

March 23, 2006
Increasingly, Europe finds itself struggling to answer the question of how it can simultaneously endorse free trade and preserve traditional industries and the jobs associated with them. In an age of inexpensive Asian imports, outsourcing, and bids for corporate takeovers from foreign entities, Europe is understandably worried about the effects of globalization on its job base. Europe’s...

The New Globalization Guru?

Eric Hobsbawm March 23, 2006
“The need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe. It must nestle everywhere, settle everywhere, and establish connections everywhere…. Modern Industry has converted the little workshop of the patriarchal master into the great factory of the industrial capitalist.” Philosopher Karl Marx made some uncanny predictions,...

Ad Agencies Are Booking Passage to India

Geoffrey A. Fowler March 22, 2006
With American auto-insurance, credit cards, and medical x-rays, not to mention software development and IT needs, already managed by trained professionals in India, it was only a matter of time until Indian enterprise asserted itself on the culture of global consumerism. An article in The Wall Street Journal details the outsourcing potential India holds for ad and marketing agencies. Boasting a...

Australia at the Crossroads of Globalization

Ben Arnoldy March 21, 2006
Foreign investment has allowed the Australian economy to flourish – slashing unemployment, doubling the country’s wealth and reducing national debt. Once an isolated and lonely market, Australia has leveraged trade to its advantage, with mining and other industries taking advantage of the fast-growing Chinese economy. Australia citizens remain content with globalization, largely because...