In The News

The Voice of Labor

July 23, 2008
Organized labor looks to be well-organized for politics in advance of November’s US presidential election. Backed by vast war chests and armies of volunteers, unions address workers’ concerns over soaring prices at home and growing competition overseas. Given labor’s strength in key Midwestern swing states and amongst blue-collar whites in general, these efforts to cast the election as a...

What Should the White House Do About Globalization

William Holstein July 17, 2008
Businesses juggle the challenges and rewards of globalization every day – but the process of interaction remains largely a mystery. During the Cold War, globalization had ideological connotations, as it was often viewed as just westernization. Now the term is source of anger and confusion as its consequences are more uncertain. The next US president must define globalization for US citizens and...

Can the US Bring Jobs Back from China?

Pete Engardio June 23, 2008
Despite a decline in the dollar and a spike in oil prices, finding a US manufacturer eager to develop prototypes for new products or compete for contracts is not easy. Not only does the US fail to compete in industries that require ample cheap labor, it also struggles to compete in terms of innovation. “American factories and supplier networks in many industries have withered in the era of...

Perceptions and Realities of Globalization

Jacob Funk Kirkegaard May 30, 2008
Globalization is a non-stop economic process. Individuals, companies or governments are always on the lookout for new processes or innovations – and so the economic and power structure of the world is never stagnant. The West made a mistake in assuming that the flow of technology and know-how moves only one way, from developed to developing nations. As a result, voters in the West are puzzled and...

Best US Factory Jobs in Rising Jeopardy

Mark Trumbull February 20, 2008
Facing increasing competition and productivity from workers in low-wage nations, US manufacturers slash jobs and costs. One method in use by US car manufacturers is incentives to convince older workers to quit and replace them with less expensive younger workers who also receive fewer benefits. Analysts expect cost-cutting measures from the large foreign manufacturers like Honda or Toyota as well...

Clinton and Obama Emphasize Economic Themes

John M. Broder February 18, 2008
Candidates for US president Barack Obama and Hillary Clinton are neck in neck, battling to win the Democratic nomination. To attract votes, both have adopted a populist stance and make plenty of economic promises to workers. Many border on assistance, including programs to help homeowners facing foreclosure or workers pay for health care. Growing income disparity tempts voters and candidates to...

Why We Trade

Russell Roberts November 19, 2007
Debates featuring US presidential hopefuls feature complaints about trade deficits, outsourcing and the competitive threat of China. Author and professor Russell Roberts, though, offers the reminder that promoting foreign open markets and a protected one at home is no better than mercantilism. All countries are wary about such a strategy and won’t stand for it. On the other hand, free trade...