In The News

Ching Cheong December 4, 2001
When Taiwan held legislative elections in late 2001, the pro-independence Democratic Progressive Party won a majority of seats, leaving China surprised. This political turnaround has dealt a blow to the theory that economic integration between China and Taiwan will bring political integration. As one official remarked, businessmen make rational choices but “when it comes to an election…then one...
Frances Williams November 10, 2001
The World Trade Organization (WTO) is recognized as the major trade organization of the world, but the emergence of many regional trade agreements (RTAs) has posed risks to global trade, according to the WTO director-general Mike Moore. Moore asserts that RTAs are developing their own rules within a specific region, which may make future negotiations at the WTO more difficult. Currently in...
Jason Leow October 21, 2001
Authorities in Beijing announced a new plan to boost the economy of Hong Kong and further integrate the territory into mainland China’s economic life. Preferential measures in the Chinese capital will treat HK companies as local entities and allow them to enter sectors previously off-limits to foreign investors. - YaleGlobal
James Tobin September 11, 2001
James Tobin, the economist from whom the ‘Tobin tax’ takes its name, explains his reasons for a tax on currency speculation and what problems he originally intended the tax to solve. The tax he proposed was meant to be levied on all currency transactions. The cost of paying the tax would reduce de-stabilizing speculation and also give national central banks enough space to control their short-...
Leslie Crawford September 4, 2001
Since building the Guggenheim Museum, Bilbao has witnessed extraordinary growth in tourism. Now, many policy makers see Bilbao and the Guggenheim as a model for urban renewal. But not all are in agreement. Tourism is an uncertain industry, and museums are attractive as long as they are unique. Furthermore, the novelty of attractions wears off; and without a plan to keep the momentum of economic...