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India’s Third Liberation

September 4, 2007
India has experienced liberation, first winning independence from the UK in 1947 while also enduring partition with the creation of Pakistan and Bangladesh, and then loosening state control of the economy in the 1990s to accept reform, privatization and globalization. But great poverty still...

Greenspan Says Globalization Driving U.S. Current Account Gap

November 14, 2005
The US current account deficit has skyrocketed in recent years, reaching an unprecedented 6.3 percent of Gross Domestic Product. Outgoing Federal Reserve Chairman Alan Greenspan attempted to explain the widening of that gap yesterday, arguing that the gap reflects “a pronounced new phase of...

Employers Take United Stand in Insisting on Labor Concessions

July 11, 2003
The situation of American workers in several large corporations is a striking illustration of the negative effects of globalization and a more integrated world economy. In large part because of low-cost foreign labor, American corporations are gaining the upper hand in negotiations with worker...

Democrats Threaten NAFTA, But Pact Is Here to Stay

April 7, 2008
Candidates promise to re-open a free-trade agreement like NAFTA – to attract voters from states with high unemployment rate, where concern about the loss of high-paying manufacturing jobs is rampant. “Renegotiation would cause more problems than it would solve,” explains Andrew Schneider, associate...

This Global Show Must Go On

June 12, 2008
Living standards have improved immensely throughout the world since 1990, largely due to open trade and globalization. But ordinary observers and intellectuals increasingly express concern about the speed of globalization and suggest that applying some controls could ease climbing commodity prices...

States Pressing for Right to Set Shopping Hours

October 1, 2004
Most Americans take for granted that they can stop by their local mini-mart anytime, day or night. Now, some German officials want their citizens to enjoy the same simple convenience – but not on Sundays. The idea of allowing stores to stay open 24 hours a day, six days a week represents one of...

Latin America Ponders Role of the Renminbi

June 23, 2011
Latin America anticipates China’s rise as the world’s top economy, but is uncertain about the Chinese currency. During the last decade, trade between the two regions increased fivefold and Chinese direct investment into Latin America increased by twentyfold, reports Joe Leahy for the Financial...

A Bad Time for Conciliatory Gestures

June 28, 2006
On the one hand, the Palestinian governing coalition, led by the heretofore hard-line militant group Hamas, has signed a document that implicitly recognizes the existence of the Israeli state, a positive step in relations between the two entities. On the other hand, the Israeli military is massing...
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