European society once was organized according to religion. People headed to neighborhoods, schools, hospitals and even jobs based on religious affiliation and word of mouth from fellow congregants. Muslims began immigrating into European communities after secularization took hold, and secular...
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To sustain economic growth, central banks in advanced economies have steadily reduced interest rates, encouraging consumers to spend. About 30 percent of the world’s investment-grade securities is in negative rate territory – which means lenders and savers pay others to use their funds. But...
Running on empty: President Donald Trump has urged US Federal Reserve Chairman Jerome Powell to lower interest rate; in 1944, world powers met under the leadership of the likes of John Maynard Keynes and established a new monetary system based on...
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...
The reality of "globalization" is that it is a continuous economic process driven both by fundamental economic policy changes by individual governments and by technological innovation. New countries and sources of...
The United States built a close relationship with Pakistan President Pervez Musharraf on the basis of his hard line against terrorism. Shared recognition of a security threat bound the two states together, much as it did during the early Cold War. But Pakistani voters questioned that priority, and...
Cheers! President Jintao Hu toasts a longstanding, all-weather friendship
between China and Pakistan in a 2006 Beijing meeting with President Pervez
Musharraf
WASHIINGTON: The result of Pakistan’s recent parliamentary...
Political leaders, frustrated by collapsing economies due to the Covid-19 pandemic, consider providing assistance for domestic companies to pull operations out of China. “The goal is threefold: Punish China for the coronavirus, eliminate a source of vulnerability in production lines of critical...
Value chain: Tim Cook, as chief operating officer for Apple and now CEO, spent years re-engineering an elaborate supply chain to produce the iPhone; workers assemble Apple products in a Taiwan assembly plant
NEW HAVEN: Global supply chains –...
Multinational apparel companies like Nike have long been accused of running their factories abroad as sweatshops, milking the desperation of poor workers in the name of the bottom line. In a report released by the company itself, Nike further substantiates the allegations of abuse. The report...
Nike, long the subject of sweatshop allegations, yesterday produced the most comprehensive picture yet of the 700 factories that produce its footwear and clothing, detailing admissions of abuses, including forced...
Out-of-wedlock childbirths have become more common worldwide since the 1960s, but with wide variations among and within countries. Inreasing economic independence and education combined with modern birth control methods have given women more control over family planning. In about 25 countries,...
Shifting culture: Women's increasing economic independence contributes to more children born outside of marriage, though acceptance varies widely among countries; throughout much of Latin America, out-of-wedlock births are the norm, left, but some...
Melting polar ice steadily opens the once-frozen Arctic to commercial traffic. One route along the Russian coast reduces travel time between Europe and Asia by nearly half; in the Northwest Passage of the Canadian Arctic, 24 ships passed through last year compared to 69 during the previous century...
