In The News

Challenges for a Squabbling Europe – Part I

Katinka Barysch September 22, 2010
Even after the devastation of the Second World War, bitterly fought by Europeans, the continent united in rebuilding its economy. Led by Germany and France, Europe steadily embarked on a series of agreements that gradually pooled energy and economic resources, embraced trade, reduced border controls and developed a common currency. Now, as internal challenges combine with external competition,...

Steps Out of the Global Development Crisis

Jens Martens September 20, 2010
As world leaders gather in New York to review the progress of the Millennium Development Goals set a decade ago, the enormity of the task ahead is clear. As the economic crisis spread across the globe, the government quickly adopted stimulus packages to stave off collapse. The fixes were temporary, though, failing to address immense structural challenges of trade imbalances, wage inequality and...

IMF Chief: Crisis Not Over Until Jobs Come Back

Bjoern H. Amland September 16, 2010
Global unemployment rates continue to climb – and the danger of global economic crisis is not past until jobs return, warns Dominique Strauss-Kahn, managing director of the International Monetary Fund. Only through cooperation can the IMF and the International Labor Oganization “steer globalization in the right direction,” maintains Juan Somavia, director-general for the ILO. Unsustainable...

If Only China Were More Like Japan

John Lee September 8, 2010
Rapid economic growth, an over-reliance on exports, can lead to troublesome bubbles. And national leaders are wise to strengthen institutions that provide economic security against such developments. As China overtakes Japan as the world’s second largest economy, John Lee compares the two nations for Businessweek. During Japan’s heady period of growth followed by a decade of stagnation, Lee...

Silicon Valley Expats Spur Innovation in India

Sean Randolph September 2, 2010
As the US tech industry saw rapid growth during the 1990s, immigrating students and workers from Asia heeded innovation’s call. Engineers and programmers from India settled in Silicon Valley and enjoyed immediate success. About one out of six tech startups was launched by immigrants from India. Now some of these tech workers return to India, explains author and trade specialist Sean Randolph....

US Launched Corporate Globalization and First to End It

Joe Costello September 1, 2010
Globalization, people and ideas mixing through immigration and trade, has enriched the US but also added to complications. “America has been as successful, more so than most, using the principles and practices of this republic's founding, to mix the nationalities of Europe and more fitfully other peoples from across the planet into a relatively healthy concoction,” explains Joe Costello,...

Western Profits Wilt on China's Surging Wages

Ambrose Evans-Pritchard August 31, 2010
As wages rise in China, companies of the West recognize that they cannot pass higher costs of manufacturing electronics or clothing onto their consumers who hold their purses tightly, amidst worries about the recession. “Reliance on Chinese plants is suddenly proving double-edged,” observes Ambrose Evans-Pritchard for the Telegraph. Some companies plan for reduced profits or shifting production...