To combat a growing image problem, multinational corporations must capitalize on their enormous potential for reducing poverty. MNCs can and do change the very conditions that create poverty, yet lack presence in the world’s poorest countries. More recently, NGO leaders and development...
Business – the creation of profitable enterprise – is essential to global poverty reduction. Multinational corporations reduce poverty by connecting local business with world markets and bringing access to credit and...
China’s move to devalue its currency is “a potentially major step toward a more market-determined exchange rate,” argues Nicholas Lardy for China Economic Watch. The move unleashed a sell-off of global stocks, but is more likely tied to China’s efforts to promote the renminbi as a world reserve...
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The spread of Covid-19 has put economies on hold, alarming the world, and leaders look for scapegoats. Arkansas Senator Tom Cotton has accused China of releasing inaccurate data on confirmed Covid-19 cases, and called it a “scandal” that US colleges and universities train so many Chinese. China is...
Two Florida brothers, naturalized US citizens, were arrested in November for trying to obtain explosives and carry out an attack in New York City. Prosecutors allege the men had read Inspire, a magazine in English said to be published by Al Qaeda in the Arabian Peninsula for encouraging terrorism...
HAIFA: While politicians in the West debate whether, following the death of Osama bin Laden, Al Qaeda is “decimated” or not, the terrorist organization has successfully applied a tactic that makes prevention against attacks more difficult. Lone-...
Ohio, part of the country’s Rust Belt, was a swing state in the 2004 US presidential election, and the state’s voters will play a big role deciding the 2008 Democratic nominee and probably the next president of the United States. Their choice might set the US agenda for global economy. As one of...
Vision: A small company dominates the market by selling big-screen televisions and show that initiative can pay off
NEW HAVEN: The candidates for US president sense deepening anxiety over globalization among workers, blue and white collar alike. But...
The collapse of the specialized silk industry in parts of India results from years of mismanaged industry policies and an influx of Chinese silk - a cheaper, more durable alternative. Five years ago, the Indian government allowed the free import of Chinese crepe silks, reversing a protectionist...
Raziya Biwi is angry. "My three-year-old son is dying of starvation. My husband lies unconscious beside him. My remaining six children are now beggars. The youngest feeds only on sugar and water as I'm incapable of feeding him." Over the past two...
Global observers view the outcome of US midterm elections as a test of the durability of Donald Trump’s policies. “If the Republicans do well, then many will conclude that ‘Trumpism’ is here to stay,” explains Gideon Rachman for the Financial Times. “The rest of the world would have to make a long-...
Major powers tend to reject international law when rulings run counter to their interests insisting that the distant courts carry no jurisdiction. China rejected a Permanent Court of Arbitration’s ruling in July and clings to expansive claims in the South China Sea, including Scarborough Shoal near...
Rule of law? Philippine President Rodrigo Duterte did not press China's Xi Jinping on the international court ruling on Scarborough Shoal; China's stance mirrors US rejection of a 1986 international court ruling that favored Nicaragua
LONDON:...