In The News

Michael Pettis August 20, 2007
A US consumption spree has spawned a global savings glut, and nations such as China and Japan with large reserves of cash still hope for sizable returns. “Every period of globalization in the past has had its origins in one or more events that gave a big boost to global liquidity,” writes finance professor Michael Pettis for the Wall Street Journal. “As liquidity expanded and risk appetite rose,...
August 20, 2007
Choosing cost-cutting over quality, Chinese firms are finally getting order recalls from some of the biggest US firms. Although China publicly denies quality control problems with exports, domestic markets have faced similar quality issues. However, despite recent high-profile execution of officials in charge of drug safety, China will find it hard to transform its political culture overnight....
Idean Salehyan August 17, 2007
Global warming is a serious problem and could result in a decline of basic resources such as water or food in some regions of the world. But Idean Salehyan rejects the notion that climate change will necessarily lead to civil wars, uncontrollable immigration and global violence. “Dire scenarios like these may sound convincing, but they are misleading,” writes Idean Salehyan for Foreign Policy. “...
Nicholas Wade August 16, 2007
The Industrial Revolution may have been the result of an evolutionary change in human nature, argues Gregory Clark, an economic historian at the University of California, Davis. His research shows that, generation after generation, the wealthy people of England had more surviving children than the poor, leading him to theorize that the behaviors that made for wealth – or the middle-class values...
Dennis Ross August 16, 2007
For the interest of state, diplomats cannot exclude the tools of negotiation in dealing with rogue states. Any efforts to engage difficult players can win international support, while an early cut-off of contact can make a powerful nation look petty, stubborn or ineffective. Although diplomats refrain from engaging with non-state actors, for fear of legitimizing them, some limited contact is...
Sushma Ramachandran August 14, 2007
India anticipates the medical-tourism sector to expand, with patients around the world seeking low-cost, high-quality treatment. The industry could be worth $2 billion in 2012, about six times its worth in 2004, a study from Ernst and Young projects. Depending on the medical procedure, treatment in India can cost about 12 to 20 percent what the same operation might cost in developed nations. As a...
Robert Lee Hotz August 13, 2007
Nations can impose the strictest of environmental standards – but that does not stop the pollution seeping in from other nations. Plumes of “man-made sulfates, smog, industrial fumes, carbon grit and nitrates” collect over manufacturing powerhouse China and then move with prevailing winds around the globe. On some days, almost one third of the air pollution in cities like Los Angeles can be...