In The News

Globalization: Preserving the Benefits

Anne. O. Krueger September 25, 2003
Facing mounting criticism around the world, proponents of globalization have risen to its defense. IMF First Deputy Managing Director Anne Krueger argues for a renewed commitment to the principles of free trade that have fueled the last half-century’s ever-increasing economic expansion. Though she accepts the frequently valid misgivings of globalization’s critics, Krueger claims that its...

Social Capital Key to Globalization

Leonard Wang September 24, 2003
The standoff at the most recent WTO meeting in Cancún has illuminated the plight of small farmers in developing countries, who struggle to compete with subsidized farmers in the US and Europe. Leonard Wang argues that the economic hardships these farmers face are only the beginning of a larger problem. When the world's economic powers transform developing countries, communities based on...

SARS Proved Health is Global Public Good

Michael Merson September 24, 2003
When SARS was first reported by China to the World Health Organization last February, the world was little prepared for the consequences that were to follow from that pneumonia-like disease. We are only now beginning to understand the toll the disease took on individuals as well as entire economies and societies. Dr. Michael Merson, dean of Yale University's School of Public Health, says...

Can Rich Countries Stem the Outflow of Jobs?

Eddie Lee September 23, 2003
Last month, the United States lost 93,000 jobs, many of them in the service sector. This commentary in Singapore's Straits Times attributes this job loss to outsourcing by developed world companies. In an effort to cut costs, many companies are hiring workers in developing countries since they are willing to work for far less than their counterparts in the US and Singapore. As the...

Ability to Reason Vital in Fighting Terrorism

Kofi Annan September 23, 2003
At a conference on terrorism held today, United Nations Secretary-General Kofi Annan argued that a clear, rational approach to dealing with terrorism is the only way to defeat it. "The rage we feel at terrorist attacks must not remove our ability to reason. If we are to defeat terrorism, it is our duty, and indeed our interest, to try to understand this deadly phenomenon, and carefully to...

No Good Reason to Dance

Ernesto Zedillo September 22, 2003
In the latest round of WTO talks, the chasm between 'developed' and 'developing' nations over agricultural subsidies proved too large to cross in only one week. The Cancun meeting has thus been largely declared a failure. Ernesto Zedillo, Director of the Yale Center for the Study of Globalization and former president of Mexico, says that this difficulty should be taken as a...

Whatever Will Be Will Be Free on Internet

Steve Lohr September 20, 2003
After Napster, the first Internet music sharing network, was closed down by the recording industry three years ago, people in the industry were expecting some peace, but they were wrong – new software such as KaZaA and Morpheus, even better designed, emerged and were soon on computers across the globe. Now the recording industry has decided to make individual file sharers its targets. This has...