In The News

Inequality and Globalization

Ben Bernanke February 21, 2007
The US strives to provide equal opportunity for all individuals, but does not guarantee equal economic outcomes, explained US Federal Reserve Chairman Ben Bernanke in a recent speech. Still, new competition or inventions like the computer can make some workers’ skills obsolete, warns Benanke, and if the nation does not provide a support system for such workers, thus limiting some of the risks,...

India Eyes Riches at Poor's Expense

Amelia Gentleman February 19, 2007
India presents a triumphant stance as it boasts growing financial success in the global sphere. While skyscrapers loom and information-technology professionals prosper in Dehli and Mumbai, hundreds of millions of others live in poverty, perform backbreaking labor and struggling to provide adequate nutrition for their children. This contradiction troubles Indian Health Minister Ambumani Ramadoss...

Globalization Forces a Health-Check of US Auto Industry

Susan Froetschel February 19, 2007
Of the top six automobile-manufacturing countries in the world, the US and China are the only ones that lack universal government-backed health care. US workers expect employers like Ford, General Motors and Chrysler to provide cradle-to-grave health coverage, a significant cost burden not shared by competitors. The problem is exacerbated by health plans for retired employees – every plant...

China’s Neo-Colonial Slavery in PNG

Rowan Callick February 15, 2007
China’s growing worldwide investment in natural resources is not a new story and just one of many results of a well-chronicled booming economy. What is new is the phenomenon of Chinese corporations dealing with the people and governments of countries supplying them with these mineral riches. A large-scale nickel extraction scheme in Papua New Guinea (PNG) is one such endeavor, in which conflicts...

America’s China Worries – Part II

Bruce Stokes February 8, 2007
China has emerged as both mammoth producer and consumer, and that means more countries, including key US allies, depend on China for their economic well-being. The second article in this three-part series on worries besetting China-US relations explores how one nation’s expanding influence over global trade policy diminishes the other’s influence and flexibility. As the US trade imbalance with...

Managing Globalization: The Global Quest for a Second Passport

Daniel Altman February 7, 2007
With citizenship comes certain rights – and some workers try to accumulate more rights be acquiring citizenship in more nations. Nations tinker with citizenship laws to attract talent, and individuals examine citizenship laws to broaden a job search. For example, people with grandparents of European heritage, would-be soldiers willing to fight for the US in Iraq and pregnant women who travel to...

US Exporters Feel Favorable Trade Winds

Peter S. Goodman February 5, 2007
Many politicians running for office lash out at global competition, blaming it for a host of domestic problems during election campaigns. Yet trade is a two-way street, and firms with international trade links can succeed. Examples in the US include MTS Systems, which makes tire testers, and Caterpillar, which manufactures construction and mining equipment. A sagging US dollar, the rapid...