In The News

A recent survey of Singapore workers shows that they have resigned themselves to the volatile conditions of their globalized economy. Most of the workers polled recognized that pay cuts were inevitable if their company faired poorly, and layoffs were likely if business competition stiffened. The survey found that the better educated and highly skilled were more likely to accept job cuts than were...

When the war in Iraq broke out and American troops and equipment were being transported half way across the world to the Middle East, people realized that not all the carriers involved in the transportation were in the US Air Force fleet. Instead, American owned commercial airlines did a large part of the job. Recently, however, the Pentagon announced that it wanted to include foreign airlines...

In this Foreign Affairs’ essay, Andrei Shleifer and Daniel Treisman argue that the popular image in the west of Russia as a “disastrous failure” needs to be rethought. General belief holds that Russia has failed to leave its communist past behind, and as a result, has transformed itself into “a collapsed state inhabited by criminals threatening other countries with multiple contagions.” Contrary...