In The News

State Dept. Concedes Errors in Terror Data

R. Jeffrey Smith June 10, 2004
In its 2003 report titled “Patterns of Global Terrorism”, the US State Department failed to give a true account of global terrorism, says this Washington Post article. The report stated that 2003 saw a significant decrease in terrorist activities largely due to US involvement in global counter-terrorism efforts. However, academics, a lawmaker, and others argue that the figures presented by the...

The End of Textile Quotas Will Redistribute Pain and Gain

Edward Gresser June 10, 2004
The abolition of textile quotas by the World Trade Organization (WTO) in January 2005 does not bode well for all developing countries, says Edward Gresser, Director of the PPI Project on Trade and Global Markets. Although the lifting of textile quotas will be a much-awaited victory for developing countries against rich economies like the US and Europe, its benefits will be highly uneven. Come...

How Big a Threat to West is Growth of China?

Stephen King June 7, 2004
The ongoing, rapid economic growth in developing countries like China and India might have deep repercussions in the developed West, argues Stephen King, managing director of economics at HSBC. Although per capita gross national income and commercial energy consumption is significantly lower in China and India than in the US and UK, these countries also have two of the world’s largest populations...

Las intenciones de Bush

Dilip Hiro June 3, 2004

China: The Missing Member at the G-8 Table

Jeffrey E. Garten June 3, 2004
China's key position in the world economy is increasingly obvious. A slew of indicators, from car usage and steel output to population size, shows that China cannot be ignored. Yet, writes Jeffrey E. Garten, Dean of the Yale School of Management, China will not be attending the upcoming Group of Eight summit in Georgia. Americans and others should wake up to China's importance for even...

An Empire of Denial

George Monbiot June 1, 2004
The American 'empire' may be in denial, but it certainly doesn't need to become more assertive, says author George Monbiot. In this article in the UK's Guardian, Monbiot takes on historian Niall Ferguson to argue why American imperialism is not a good thing. When Ferguson praises the achievements of the British empire and urges the US to follow in its footsteps, Monbiot says...

Benefits and Pitfalls of Globalization

Park Myung-seok June 1, 2004
A growing concern about globalization’s negative effects on national economies worldwide has some governments re-thinking long-held economic ideologies. The difficulty in creating jobs within the context of an expanding global employee base has some longtime champions of free trade, including the United States, looking to legislate against outsourcing. Similar movements to protect local jobs are...