In The News

For India, US Health Care a Sea of Opportunity

Taylor Barnes April 26, 2010
India’s outsourcers are preparing to develop their next business sector from the United State’s health care reform by covering its administrative and technological needs. A demand for lower administrative expenses and treatment of more patients for every dollar requires low cost labor that comes from outsourcing. Since there are no regulations limiting personal medical data from leaving the US,...

Check Out That Colombian Tata!

Daniel Gross April 13, 2010
On a trip to Colombia, the author was surprised to find an example of the new nature of international corporations. Tata Consultancy is a branch of the Indian car company that recently bought several British and American brand-name car labels. Tata’s Colombian branch is providing services to a number of Latin American governments and corporations. An Argentinian manager oversees employees from a...

The Caribbean Brain Drain: Nursing a Grievance

April 12, 2010
According to the World Bank, only one-quarter of nurses in the English-speaking Caribbean remain working in their countries. The rest leaves to work abroad, where working and living conditions are significantly better. The economic incentives of working abroad outweigh the challenges of staying. This is not a new phenomenon: it has been taking place for almost two centuries and is not confined to...

New Thai Immigration Rules Come Under Fire

Patrick Barta March 3, 2010
In Thailand, tensions are mounting as the state has introduced a more rigorous registration process for foreigners that includes proving one's home country. Around half of the country's 1.5 million migrant laborers have refused to come forward to register, which human rights activists reason is due to Thailand's history of immigrant abuse and a fear of retribution. On the other...

Steelworkers Say Reactors Overseas Will Cost Jobs

Matthew L. Wald and Keith Bradsher February 23, 2010
President Obama is pushing nuclear power as a new source of energy and as a way to create jobs for Americans, offering loan guarantees to make it happen. Now, however, labor unions are protesting the move because they say that much of the material for new reactors will come from overseas, reducing the potential for US job growth. The trouble is that since the Three Mile Island reactor accident in...

A Modern Tale of Meatpacking and Immigrants

Kate Linthicum February 2, 2010
For many years, Grand Island in Nebraska has hosted many immigrants passing through in search of work. But migration has come in distinctive waves: refugees from the Vietnam War in the 1970s, refugees from Eastern Europe in the 1990s, Mexican and Latino immigrants in the last couple of decades, and now a new wave of African refugees, including Somalis and Sudanese. Many of the new immigrants are...

Falling Dollar Pushes Manufacturing Out of Europe

Dinah Deckstein, Frank Dohmen, Dietmar Hawranek, Alexander Jung December 10, 2009
With the secular decline in the US dollar, some manufacturers like Mercedes-Benz that face rising costs and lower competitiveness are moving some production from Germany to the US. Normally, such companies hedge their exchange rate exposure through derivative contracts to protect them against rapid depreciation of foreign currencies. But such contracts become more expensive amid a sustained...