In The News

Rice Hoarding Pressures Supplies

James Hookway March 31, 2008
Rice is a staple food product for Asians, and its price has more than doubled in the last year. Anticipating higher prices, rice farmers are hoarding crops, which adds to price increases, reports the Wall Street Journal. Contributing to shortages are rising fuel prices; flooding due to climate change; development of farmland for homes and golf courses; reduced global stocks; rising affluence...

Businesses Say New York’s Clout Is Emigrating, With Visa Policies to Blame

Patrick McGeehan March 31, 2008
Among a company’s most valuable assets is its talent, particularly for financial and technology firms. A report by a business-interest group, Partnership for New York City, argues that America’s visa policies, including caps on the number of highly qualified workers and tough restrictions on extended stays, endanger New York City’s ability to attract and retain top talent. Immigration opponents...

The Fungus That Conquered Europe

John Reader March 27, 2008
Globalization delivers both problems and solutions, and parallels can be found in the Great Potato Famine of 1845-46 and the current subprime mortgage crisis. The fungus, after originating in Mexico and spreading throughout the US, attacked Europe’s potato fields in the mid-1840s and led to widespread famine. The crisis prompted Britain to dismantle bureaucratic and protectionist Corn Laws that...

Nauru Scrambles as Australia Closes Island’s Detention Center

Nick Squires March 27, 2008
A national policy of accepting asylum seekers as refugees is complex. On one level, the policy can be viewed as an endorsement of dissident political claims. On another level, the policy is economic, benefiting some social groups and causing hardship for others. Countries that create detention centers outside their borders do not eliminate the challenges. In 2001, Australia’s government...

Regulating the Global Commons – Part I

Scott Barrett March 26, 2008
The tragedy of the commons was a term popularized by Garrett Hardin in 1968, to describe the abuse of public goods. Without regulations or the protection provided by ownership, the population rushes to use any common area – whether public lands, oceans or the skies overhead – and the subsequent pressure can destroy sites open to all. This two-part series examines the need for tighter...

No Break for Globalization

Nayan Chanda March 25, 2008
With unemployment and foreclosures skyrocketing, trade deficit woes, more and more Americans are becoming protectionist. Most Americans agree that foreign trade is reducing the demand for American-made goods, resulting in numerous job losses. While there is no question that trade has played a role in shrinking manufacturing jobs, Nayan Chanda points out that "it is only a minor part of the...

Oil May Not Grease Friendship

Amity Shlaes March 24, 2008
Researchers have long pointed to some correlations in international affairs: Oil countries tend not to be entrepreneurial; nations dependent on one industry, such as oil extraction, tend to be hostile with the US; and entrepreneurial nations tend to befriend the US. But such observations were based largely on anecdotal evidence. In a study for the Council of Foreign Relations, Amity Shlaes and...