In The News

Germany and California: Parallel Crises in Need of Parallel Remedies

Robert Levine July 10, 2003
Although Germany and California represent different levels of government, both are facing similar severe economic and political crises. The economic problems for both stem from the collapse of the booming information technology sector. Global trade and investment opportunities connected the information technology sectors in Germany and California, and the collapse of the IT sector in California...

There is More to Transatlantic Relations Than Security

Jeffrey E. Garten July 9, 2003
Residual anger about the Iraq War needn’t impede economic cooperation between the US and Europe, maintains Jeffrey Garten, dean of the Yale School of Management. According to Garten, accusations of continued American unilateralism are largely exaggerated. US President Bush is currently engaged in multilateral global trade negotiations, regional economic discussions, and anti-AIDS efforts that...

Where Have All the Chinese Gone?

Sunil Jain July 7, 2003
Multinational corporations aggressively courted China, the world’s most populous nation, in the hope of tapping into what they hoped would be the largest consumer market. However, as an Indian journalist notes, increasingly MNCs are discovering that China’s population does not necessarily translate into a consumer market. For one thing, rural Chinese – a substantial percentage of the population...

Foreign Influence Growing in Telecom Sector

Yang Sung-jin July 3, 2003
In South Korea, foreign investment firms are putting pressure on the government to allow greater foreign ownership of telecommunication companies. South Korea is one of the leading East Asian countries in deregulation, allowing foreign investment and market forces to have a considerable degree of influence. While the telecommunications sector is currently in much need of capital, some of the...

Free Press Essential for Hong Kong's Success

Zhiwu Chen July 2, 2003
In the largest demonstration since Hong Kong passed over to Chinese control in 1997, hundreds of thousands of protesters took to the street on July 1. While the protesters are against a planned anti-subversion law, the issue at stake is more than simply free speech - it is also about the continued economic prosperity of Hong Kong. Over the last few decades, Hong Kong has transformed itself into...

Travel Industry Fears New Rules Could Deter Visits to U.S.

Rachel L. Swarns July 2, 2003
Since the terrorist attacks of Sep. 2001 slowed domestic and international tourism, the US travel industry has struggled to regain its footing. Now, the Travel Industry Association of America, a group made up of the country’s largest airlines and hotels, is warning the government that new anti-terrorism laws could deter many US-bound tourists and further harm the American economy. The rules will...

Sars-Free Asia Goes All Out to Woo Tourists Back

Paul Zach June 26, 2003
Jubilation is filling Sars-free Asian streets now that the WHO has issued the affected countries a clean bill of health and lifted travel warnings. City governments from Beijing to Taipei are sparing no expense on mass celebrations, encouraging people to go out and spend. Locals and even foreign businessmen have responded en masse, eager to join the colorful celebrations. However, amidst this...