In The News

Facing increased pressure from analysts to rethink its economic policies, France is grappling with threats to its traditional way of life as a result of globalization. Although the French are accustomed to a relatively high standard of living, the government is being urged to reduce its huge subsidies, which support education and provide safety nets for the unemployed. In a country with an...

Although there has recently been much talk about African entrepreneurs seeking to turn their continent around, David Bowen suggests that their prospects look bleak, particularly considering the lack of African commercial activity on the internet. Africa's situation is in stark contrast to that of Asia – especially China – where traders have taken advantage of online networking opportunities...

The European Commission plans a Globalization Adjustment Fund, hoping that money and a united front can prepare displaced workers for new and better jobs. But this author suggests that the fund sends the wrong signal, that globalization represents more danger than opportunity. By subsidizing jobs, the fund could offer short-term palliatives but not long-term economic reforms sorely needed in many...