In The News

The current conflict between the US and Iraq, should it escalate to outright war, would have major de-stabilizing effects on the world oil market. A variety of scenarios exist, including short-term price spikes, long-term price decreases, and increases or decreases in Saudi Arabian political and economic influence. Whatever changes may ensue, one thing is clear – oil is the blood that pumps...

Martin Wolf believes that the current era of globalization is better positioned to maintain its momentum than was the globalization wave of the late 19th and early 20th century. The earlier period’s economic integration collapsed between 1914 and 1945 due to 4 factors: 1) the rise of militarism, imperialism, nationalism, communism, and fascism; 2) the rise of protectionism, particularly in the US...

Some multi-national corporations are now larger economically and growing faster than many nations, a UN report says. The report was filed to answer the debate whether corporations were over-shadowing countries in economic stature. Among the corporations, Exxon Mobil Corp, an oil company, topped the list, and the next highest were automobile manufacturers. The rest of the list was a diverse group...