If you're sick, it's definitely better to live in a rich country than a poor one. Pharmaceuticals produced in developed countries are prohibitively expensive for people in the world's poorest areas, but there are signs of improvement, says legal scholar Krishna Ravi Srinivas. In...
It costs millions to develop new drugs, but most trials don't result in usable medicines.
BLOOMINGTON, USA: When millions of people are in need of medicines for diseases like AIDS, malaria and tuberculosis, should...
The UN Convention on the Law of the Sea, or UNCLOS, designates boundaries for the seas, sorting out nation’s rights to fish and exploit other resources, including gas and oil. An offshore island, defined as a naturally formed feature with an economic function, is entitled to a 200-nautical-mile...
Scarborough Shoal standoff: Philippines Navy keeps wary eye on Chinese ship (top); anger erupts in Philippines street
CANBERRA: The term “rocky relations” took on new meaning after Chinese civilian maritime enforcement ships confronted a Philippines...
Divergent opinions regarding the nuclear weapons program in North Korea undermined the recent Inter-Korean ministerial talks between North and South Korea. South Korea advocates a dismantling of the North Korean nuclear weapons development program. North Korea however, insists that it will only...
PYONGYANG - Inter-Korean ministerial talks hit a major snag yesterday with the North continuing to brush off the South`s calls for discussions about the communist state`s nuclear threats.
On the second day of...
Lower standards in workplace protections in China, along with the ample supply of low-cost labor, minimize manufacturing costs for Apple and other technology firms. Consumers demand low prices, companies pursue profits and the Chinese want jobs and economic growth. John Bussey of the Wall Street...
If Apple ordered up a batch of its iPad computers to meet surging market demand and an explosion in the workshop killed three workers and injured 15 others, an army of regulators, cops and plaintiffs lawyers would descend on the company to demand an...
At first glance, an investigative New York Times report on Donald Trump’s participation in a long list of questionable tax schemes before he was president seems to have little to do with globalization and the world at large. Not so long ago, the United States was regarded, not simply as a...
Japan arrested Carlos Ghosn, chairman of Nissan and citizen of Brazil, France and Lebanon, at the Tokyo airport in November 2018, initially charging him for under-reporting deferred compensation and eventually other financial crimes. Ghosn, also CEO of Renault, was known as a cost cutter, credited...
Criticism of China’s human-rights record and Tibet policy has provoked an active defense among Chinese people. Without government direction, a strong wave of nationalist sentiment has driven boycotts of Western multinational corporations whose shareholders support the Free Tibet movement, as well...
BEIJING -- A new round of Chinese protests against foreign companies and news organizations this weekend are fueling worries that tensions ahead of the Olympics could spiral, with worsening political and business...
What really are the pros and cons of globalization? In this article, Johan Norberg, an advocate of globalization, uses the example of Nike in Vietnam to demonstrate the benefits of globalization. According to Norberg, in Vietnam Nike pays its workers three times higher than the minimum wage earned...
Nike. It means victory. It also means a type of expensive gym shoe. In the minds of the anti-globalisation movement, it stands for both at once. Nike stands for the victory of a Western footwear company over the poor and dispossessed....
