In The News

U.S.-China Ideological Rivalry Heats Up

Eric Teo Chu Cheow January 6, 2006
While the US relies on free markets and free societies as the basis for contemporary socioeconomic and political movement, China focuses on stability as the essence of its foreign policy. The Anglo-Saxon model, which has fueled globalization, stems from a collection of neo-liberal practices called the “Washington Consensus,” whereas the Chinese model, based on a dual economy of private and public...

U.S.–China Ideological Rivalry Heats Up

Eric Teo Chu Cheow January 6, 2006
While the US relies on free markets and free societies as the basis for contemporary socioeconomic and political movement, China focuses on stability as the essence of its foreign policy. The Anglo-Saxon model, which has fueled globalization, stems from a collection of neo-liberal practices called the “Washington Consensus,” whereas the Chinese model, based on a dual economy of private and public...

Multinational Corporations: A Key to Global Poverty Reduction – Part II

George C. Lodge January 5, 2006
To combat a growing image problem, multinational corporations must capitalize on their enormous potential for reducing poverty. MNCs can and do change the very conditions that create poverty, yet lack presence in the world’s poorest countries. More recently, NGO leaders and development institutions have come to acknowledge that their own activism in the struggle against global poverty requires...

Multinational Corporations: A Key to Global Poverty Reduction – Part I

George C. Lodge January 2, 2006
The legitimacy of multinational corporations has been increasingly questioned in recent years. In this two-part series, Harvard professor George C. Lodge and International Finance Corporation economist Craig Wilson argue that multinational corporations (MNCs) have contributed enormously to reducing global poverty. MNCs exist to provide value for their shareholders, but are also in a position...

Vietnam Goes Global

Jordan Ryan December 15, 2005
Although Vietnam had hoped to join the WTO before that body’s December ministerial meeting, an accession deal is not likely to finalized before mid-2006. Still, Vietnam’s eagerness to join the global trading system marks a noteworthy ideological shift for the ruling Communist Party, writes Jordan Ryan, the United Nations Development Program Representative in Hanoi. Vietnam’s Communist leaders...

Globalization vs. Economic Sovereignty

Pang Zhongying December 2, 2005
China is often presented as a poster boy for successful globalization. But at least some intellectuals in China are not happy with the course globalization has taken. Chinese academic Pang Zhongying, writing in China Daily, points out that many countries, especially in the developing world, suffer an “erosion of permanent and exclusive privileges over [their] economic activities, wealth and...

India Gains Credibility as an Emergent Export Titan

Jo Johnson December 1, 2005
For years, analysts dismissed the prospects of India's manufacturing sector. India had been left behind by the wave of manufacturing off-sourcing that enriched China and Southeast Asia, and critics argued that India's best hope of catching up with its neighbors lay in the service sector. Those critics are falling silent, however, as 1990s economic reforms finally begin to spur...