In The News

The Great Reverse - Part I

Clyde Prestowitz September 2, 2004
There are those who argue that history is cyclical, while others prefer to conceptualize it as an ebb and flow. As the economies of China and India continue their dizzying growth, it seems that history is preparing to repeat itself. Economist Clyde Prestowitz, in the first of a three-part series, coins the term "The Great Reverse" in reference to the projected Asian-leaning shift in...

Tour Operators Expect Bumper Sales

Vince Chong September 2, 2004
After the Asian financial crisis, 9/11, and SARS, Singapore's tourism decreased dramatically, with sales touching the bottom in 2003. This year, however, industry players are seeing a significant recovery. Authorities believe that sales could return to pre-SARS levels this year, and pre-9/11 levels next year. Some insiders attribute this improvement partly to a drop in major airlines'...

Most Transport Workers Yet to Unionize

Ridwan Max Sijabat September 2, 2004
In 1998, the Indonesian government ratified International Labor Organization (ILO) Convention No. 87, granting freedom of association to all workers and employers. Six years later, the majority of the republic's transportation employees have failed to effectively unionize. The keynote address at a recent International Transportation Federation (ITF) committee meeting revealed that while...

Trying to Stay Competitive, Cambodia Joins WTO

Keith Bradsher September 1, 2004
In a few months, the global textile industry will face a major restructuring. The 1974 Microfiber Agreement will be abolished, and with it, production quotas that have artificially protected manufacturers from competition. For many developing countries whose economies rely almost exclusively on textiles, the pressure will be fierce. In an effort to remain competitive in the soon-to-be...

Asean Body Steps in to Help Budget Airlines

Nande Khin September 1, 2004
Under the Asean Pioneer Project Scheme (APPS), which aims to establish an Asean Economic Community, the Asia-Pacific region will see more economic and social integration. Two projects in the pipeline for the Asean Business Advisory Council (BAC) will ensure that people, goods, and services will travel more quickly and cheaply. The organization is currently negotiating the landing rights for...

The Challenge of China and India

Stephen Roach August 31, 2004
If their economic growth continues at its astonishing pace, China and India may likely threaten developed economies. This dual threat stems from successful implementation of two very different strategies. China's burgeoning manufacturing sector is bolstered by solid infrastructure, domestic savings, foreign investment, and low-cost labor. The strength of India's service-based...

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August 29, 2004