In The News

Cures for the French Disease

Eric Chaney April 25, 2007
More than 80 percent of registered voters in France cast ballots – selecting “young candidates who pledged to change French political habits,” writes Eric Chaney, a former French finance ministry official for “The Wall Street Journal.” Conservative Nicolas Sarkozy and socialist Ségolène Royal will face off in the May run-off election, offering voters a clear choice between “giving more freedom to...

How Biofuels Could Starve the Poor

C. Ford Runge April 24, 2007
With rising oil prices and growing demand for ethanol as an alternative fuel, US corn producers anticipate a huge boost in profitability. Any spike in corn prices caused by increasing ethanol consumption, however, could devastate the developing world. Billions of impoverished people depend on corn and other staples for their caloric intake, but higher corn prices would decrease affordability of...

Australia and US to Swap Refugees

Barbara McMahon April 23, 2007
Australia and the US have agreed to a program for exchanging each other’s asylum seekers, with the hopes that geographic distance will discourage dangerous voyages and illegal immigration. The US will handle Australia’s asylum seekers from places like Sri Lanka and Burma; Australia will handle the US detainees from Haiti and Cuba. Though the program, the US and Australia will process and resettle...

Capitalist Tools Needed for Future Globalism Ills

Robert J. Shiller April 23, 2007
Fears about displacement caused by economic globalization have been at the forefront of the French presidential campaign, as Nicholas Sarkozy and Ségolène Royal head for the final election round in May. The sentiment expressed in candidate Nicolas Sarkozy’s call to end “speculative capitalism” finds resonance in many parts of the world, as governments attempt to interfere with global free trade...

India Cannot Afford Rural Failure

Mira Kamdar April 20, 2007
Buoyant optimism about India’s economic prospects overlooks a critical weakness in the country’s well being. Long accustomed to price supports, India’s farmers confront open markets, government programs that favor large farms, overwhelming debt and changing weather patterns that reduce arable land and water supplies. The story of small farmers, struggling to repay predatory lenders and losing...

A Nationalist United States of America

Terence Chong April 20, 2007
Nation states should have more power than ever before in history. But global problems, from climate change to poverty, challenge the abilities of nation-states. Groups that despise nation-state control take advantage of any vacuum. Leaders of the nation-state no longer have exclusive control of mass communication, and the internet has shifted more power to anyone who can capture mass attention....

Managing Globalization: Has It Hurt US Workers?

Daniel Altman April 18, 2007
Workers in the wealthy nations like the US are not losing jobs to immigrants or outsourcing, suggests globalization analyst Daniel Altman in “The International Herald Tribune.” However, intense competition among global labor markets, along with rising health-care costs in the US, could be keeping the lid on wages. “The largest cost isn't those who lose their jobs but those who have lower...