In The News

Why Globalization Is in Trouble – Part II

Branko Milanovic August 31, 2006
Globalization has spurred inequality – both among citizens in the wealthiest countries as well as among nations of the developing world. The second of this two-part series by Branco Milanovic explores the growing resentment as only a few poor countries adjust to globalization. China and India compete globally, and yet only a fraction of their citizens prosper. Increasing inequality between rural...

Indians Along With Half the World's Consumers Buy Into Globalization: Survey

August 31, 2006
More than half the world’s consumers believe that globalization has improved their lives and created new opportunities, according to an ACNielsen global consumer survey. Most of the support for globalization comes from Latin America, with 75 percent, and Asia Pacific, with 70 percent. Six of the top ten countries appreciating globalization were in Asia Pacific, including India and China. French...

What's Wrong With Globalization?

Erwin Marquit August 30, 2006
Globalization has boosted world productivity, reducing obstacles in selling goods and services. Yet the forces of production are varied and can be confused: One component includes objects, including energy or land, that undergo transformation in the production process; a second is the tools of labor, including plants and electric grids; and the third is labor itself. Globalization and the forces...

Precious Wetlands Rapidly Disappearing

Hiroaki Sato August 30, 2006
Some deride wetlands as swamps, and others regard them as invaluable habitat providing a buffer during floods, a system that contributes to climate moderation and a habitat for diverse wildlife. The US Clean Water Act was supposed to prevent the discharge of pollutants into rivers, lakes and coastal waters of that nation – and later expanded to include wetlands. In 1988, US Congress devised a...

Why Globalization Is in Trouble – Part I

Branko Milanovic August 29, 2006
The dominant world powers historically pushed for globalization as a means of increasing wealth and influence. Yet those nations fret as the emerging powers of India and China embrace the same strategy. This two-part series by World Bank economist Branco Milanovic explores why both the world’s wealthiest and poorest nations fear globalization. In the first article, Milanovic argues that citizens...

Fed Chief Gives Seminar on History of Globalization

Edmund L. Andrews August 29, 2006
Governments must prepare their citizens for the increasing disruptions of new competition caused by the force of globalization. The world will face fewer disruptions if the “benefits of global economic integration are sufficiently shared,” urged Ben S. Bernanke, chairman of the US Federal Reserve at an annual retreat. Increasing numbers of the world population – particularly emerging economic...

Look Who's Fair and Balanced

Lawrence Pintak August 28, 2006
If modern journalists went back in time to cover the American Revolution during the late 1770s, many would call the fighters “terrorists” or “martyrs,” depending on which side they supported. That’s because many journalists simply accept the language provided by their government sources. Unlike the US journalists, Arab media such as Al Jazeera or Al Arabiya resist using labels to describe...