In The News

Capitalism: One Size Does Not Suit All

Pranab Bardhan December 7, 2006
Uncertainty abounds over the Anglo-American economic model that has held sway ever since Adam Smith. Excessive debt, growing inequality, increasing costs for health care and retirement as well as large prison populations in the US and UK have raised doubts about its viability. Many nations have sought to adapt capitalism for their specific cultures and needs. Scandinavian and Japanese models...

Outsourcing Hits a New Class of Workers: Journalists

Doreen Carvajal December 5, 2006
Declining circulations and advertising revenue have forced newspapers in the US and UK to reduce costs – and some editors now look for low-wage, talented help in India, Singapore and other countries. Such moves may reduce costs, but could also lead to community backlashes and further erosion in circulation. Any employee whose work can be transferred online is vulnerable to such outsourcing,...

Globalization Anxiety

Lawrence H. Summers December 1, 2006
Despite all evidence that points to a robust world economy, many world citizens are anxious and distrustful of global integration and markets, reports economist Lawrence Summers in “The Los Angeles Times.” Conflict throughout the Middle East, combined with the inability of world powers to handle violent conflict or nuclear threats, contributes to the unease. But a major factor is that the middle...

Latin Americans Wonder if Democrats Are Traders

Sibylla Brodzinsky November 30, 2006
In an effort to keep good jobs in the US, Democrats in US Congress may push to change trade policy with the Americas. But that could result in job loss in countries like Colombia and Peru. Labor activists of both continents claim that many of these jobs are exploitative, but even so, the loss of steady work could result in economic instability, a spike in the illegal drug trade, as well as a...

Energy Firms Come to Terms With Climate Change

Steven Mufson November 30, 2006
With Democrats controlling US Congress, many anticipate new federal regulations to reduce greenhouse gas emissions. Executives of energy firms have shifted attention away from battling the existence of global warming to debating methods for controlling the trend: taxing emissions, capping emissions and allowing firms to trade credits, or trapping and storing emissions. Many company officials...

Speed Bump at the Border

Thomas B. Edsall November 29, 2006
With Democrats victorious in the November mid-term elections, a disgruntled middle class expects some immediate protections on jobs, wages as well as health and retirement benefits. But the Democratic Party is divided about how to deliver economic benefits to workers: One camp embraces the economic benefits of globalization, and another group tends toward protectionism and controls on trade,...

Our Moral Superiority About Sex Is Proving Deadly

Saral Boseley November 28, 2006
Western nations like the US and the UK have split personalities when it comes to sex. Western cultures are obsessed with the topic, allowing it to dominate the media, consumer products and everyday life – yet their politicians and professionals are quick to criticize or advise developing nations about high rate of AIDS or promiscuity. A series published in the journal “Lancet” suggests that the...