In The News

Foxconn Union Heralds End of Cheap Era

David Pilling February 12, 2013
The ability to vote is generally suspect in China. But Foxconn, the world’s biggest contract manufacturer of electronics, will allow its million-plus workers to vote for 18,000 representatives, reports Financial Times columnist David Pilling. The Fair Labor Association, based in the US, will monitor the process. “[The] intention may not be to give his workers the wage-bargaining power that often...

Is the US Ready To Be Number Two?

Kishore Mahbubani February 11, 2013
In 1980, the US economy was more than 10 times larger than China’s, yet by 2017, China with its rapid growth could have the largest share of global GDP, more than 18 percent, according to International Monetary Fund projections. US leaders have not prepared their citizens for this “great convergence,” suggests Kishore Mahbubani, author and dean of Lee Kuan Yew School of Public Policy. Still, much...

In China, Vast Chasm Between the Rich and the Rest

Sim Chi Yin February 11, 2013
Resentment is building online and in daily interactions among Chinese over rising income inequality, which is particularly pronounced between urban and rural communities. Sim Chi Yin explores the divisions with photographs of young graduate student who cannot find good jobs; retired laborers about to be evicted from small homes to make way for skyscrapers; street cleaners outside luxury stores...

Under China’s Shadow, India Looks to Australia

Ashok Malik February 8, 2013
Australia and India are large democracies and former colonies of Britain, but the Cold War interfered with a close relationship for much of the 20th century as India drifted closer to the Soviet Union. Now, as China expands influence and the US pivots to Asia, India may be warming to the concept of an Indo-Pacific region – sharing strategy with neighbor Australia on matters of trade, security and...

The Virtual Middle Class Rises

Thomas L. Friedman February 5, 2013
The poor around the globe may still live on a few dollars per day. But price pressure on electronics like smart phones and computers have lowered costs of education and communications and increased the ranks of a virtual middle class. Expanded numbers of people connecting via the internet will have political and economic repercussions, notes Thomas L. Friedman in his column for the New York Times...

Nations Can Try Promotion – Not Protectionism

Anthony P. D’Costa February 4, 2013
Competition among national governments to promote their markets in the global economy is increasingly intense. Governments are expected to regulate markets to reduce instabilities. In their pursuit of growth, many governments are timid, failing to govern their economies – missing global challenges and opportunities while neglecting social protections. Anthony D’Costa, professor and research...

Ambassador: Germany Needs Skilled Workers From India

February 4, 2013
Germany’s ambassador to India has announced that his country welcomes skilled workers from India and noted that immigration procedures and education regulations have been eased, reports the Times of India. One catch: Ambassador Michael Steiner urged Indians interested in studying or working in Germany to learn German. Language study unites country and people, and the ambassador was quoted as...