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July 24, 2008 2:12:10 PM CDT

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Stories related to: globalization

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  • July 2008

    • Sorry, Veterans, Vietnam Is Profitable Now

      newser  |  Washington Post  |  Jul 9, 08 1:44 PM CDT

      Sorry, Veterans, Vietnam Is Profitable Now

      More expensive Chinese labor has American enterprises heading to Vietnam, moving Harold Meyerson to wonder, in the Washington Post , why 58,000 US soldiers died trying to defend democracy there. "American business, backed by the American government, has realized that the problem with communism wasn't that it was undemocratic but that it was anti-capitalist," Meyerson writes. More »

      Tags

      China  • Vietnam  • globalization  • manufacturing  • Vietnam War  • Communism  • labor costs  • industry

  • June 2008

    • Global Econ Puzzle Awaits New President

      newser  |  Financial Times (UK)  |  Jun 27, 08 10:42 AM CDT

      Global Econ Puzzle Awaits New President

      Whether it's John McCain or Barack Obama, the next president will confront a global economic landscape unlike anything his predecessor confronted, write Robert Hormats and Jim O'Neill. In an op-ed for the Financial Times , the two Goldman Sachs executives explain that the new president's greatest challenge will be the rise of emerging economies, whose share of world GDP has doubled since George W. Bush took office. More »

      Tags

      election 2008  • United States  • Goldman Sachs  • globalization  • economics  • developing countries

    • US Companies Set Up Shop in Vietnam

      newser  |  New York Times  |  Jun 18, 08 9:53 AM CDT

      US Companies Set Up Shop in Vietnam

      Foreign manufacturers invested $83 billion in China last year, keeping it at the top of the list  of overseas producers. But a confluence of circumstances—high inflation, changing government policies, and, above all, rising wages—have led corporations to start looking elsewhere in Asia,  the New York Times reports. The shift to other parts of Asia, especially Vietnam, reflects a "China-plus-one" strategy, in which multinational corporations diversify their manufacturing operations. More »

      Tags

      China  • Vietnam  • globalization  • manufacturing  • industry

    • EU Convulses, the World Could Care Less

      newser  |  Financial Times (UK)  |  Jun 17, 08 10:23 AM CDT

      EU Convulses, the World Could Care Less

      The EU has been wracked with self-doubt and indecision in the days since the Irish electorate voted down the Treaty of Lisbon. But watching the turmoil unfold from Beijing, Financial Times columnist Philip Stephens observes just how introverted the Union has become. At a critical moment in the history of one of the world's great powers, the rest of the world has no reason to care. More »

      Tags

      European Union  • globalization  • Treaty of Lisbon  • international governments

  • May 2008

    • US, UK Workers to Create First Trans-Atlantic Union

      newser  |  Wall Street Journal  |  May 24, 08 10:07 AM CDT

      US, UK Workers to Create First Trans-Atlantic Union

      Workers from the US and UK are close to joining forces in what would be the first trans-Atlantic labor union, the Wall Street Journal reports. United Steelworkers is in talks with Britain’s Unite to create a 3-million-member group that would act as a single union in the US, Canada, Britain, and Ireland, fighting for workers’ interests amid multi-national companies. More »

      Tags

      Great Britain  • globalization  • labor unions  • United Steelworkers

    • Who Cares Who We Talk to?

      newser  |  New York Times  |  May 21, 08 1:42 PM CDT

      Who Cares Who We Talk to?

      Though politicians and pundits alike are caught up in which foes the US should or shouldn't be reaching out to, Thomas Friedman, in the New York Times , points out that few world leaders of any stripe are sitting by the phone waiting for our call. Waning American influence and the rise of new powers in the developing world and outside the state system worry Friedman much more. More »

      Tags

      Bush administration  • oil  • globalization  • Thomas Friedman  • developing world  • energy dependence  • foreign oil

    • US Should Welcome New World Order

      newser  |  Newsweek  |  May 5, 08 10:00 AM CDT

      US Should Welcome New World Order

      The age of American dominance is ending, and Americans should be fine with that, writes Fareed Zakaria in his new book The Post-American World . In an excerpt in Newsweek , Zakaria argues that America’s long-preached globalization gospel has produced a prosperous “post-American” landscape. “It is the rise of the rest—the rest of the world.”   More »

      Tags

      globalization  • economic growth  • global economy  • emerging markets

    • Globalization Gives Pols an Easy Villain

      newser  |  New York Times  |  May 2, 08 3:50 PM CDT

      Globalization Gives Pols an Easy Villain

      The candidates can complain all they want about globalization killing American workplaces, David Brooks writes in the New York Times , but job losses “would be happening even if you tore up every free trade deal ever inked.” It's no mystery, he argues: "The chief force reshaping manufacturing is technological change." More »

      Tags

      globalization  • free trade  • skilled labor  • pandering

  • April 2008

    • Billionaire Pays $500K for 27 Bottles of Wine

      newser  |  Reuters  |  Apr 19, 08 2:14 PM CDT

      Billionaire Pays $500K for 27 Bottles of Wine

      As the global economy falters, many people are fighting to make ends meet. And then there’s the Chinese billionaire who spent $500,000 for 27 bottles of wine today. The sale set a record for a single lot. “I don’t think he has bought this as an investment,” said an executive from the selling company. “He has bought it to drink.” More »

      Tags

      recession  • wine  • globalization  • luxury goods  • luxury  • ultra rich

    • 7 Deadly Sins? Try These On for Size

      newser  |  Weekly Standard  |  Apr 10, 08 7:31 PM CDT

      7 Deadly Sins? Try These On for Size

      The Vatican has released a list of seven new Deadly Sins, and satirist-curmudgeon PJ O’Rourke isn’t impressed. Writing in the Weekly Standard , O’Rourke details the updated catalogue, which includes “morally debatable experimentation,” “social inequality and injustice,” and “genetic manipulation.” Finding it wanting, the author has come up with a list of his own. Number one? Celebrity. More »

      Tags

      technology  • Vatican  • Catholicism  • globalization  • P.J. O'Rourke

    • Troubled US off the Rails: Poll

      newser  |  New York Times  |  Apr 4, 08 3:53 AM CDT

      Troubled US off the Rails: Poll

      The vast majority of Americans are pessimistic about the nation's future and believe the problem-plagued US is heading in the wrong direction. More than 80% believe that “things have seriously gotten off on the wrong track.” That's the highest dissatisfaction rate since the New York Times/ CBS News poll began in the early 90s. The grim findings could spell big trouble for Republicans in November. More »

      Tags

      Barack Obama  • Hillary Clinton  • John McCain  • George W. Bush  • Iraq war  • US economy  • recession  • Wall Street  • globalization

  • March 2008
  • February 2008

    • Made in Italy — in a Chinese Sweatshop

      newser  |  Los Angeles Times  |  Feb 20, 08 9:21 AM CST

      Made in Italy &mdash; in a Chinese Sweatshop

      For consumers of luxury goods, the "Made in Italy" designation remains so prestigious that it can add 300% to an item's price. But the days of artisans plying their trade in little workshops are largely over, the Los Angeles Times reports, replaced by thousands of Tuscan factories employing Chinese workers at low wages and in deplorable conditions. For many, the labor is little more than indentured servitude. More »

      Tags

      Italy  • fashion  • globalization  • manufacturing  • luxury goods  • Prada  • minimum wage  • sweatshop  • workplace safety  • Tuscany

  • January 2008

    • EU Frets Over Fallout From US Economy's Slide

      newser  |  Bloomberg  |  Jan 22, 08 10:38 AM CST

      EU Frets Over Fallout From US Economy's Slide

      Stock markets around the world continued to hemorrhage today on worries the US would slide into recession, prompting finance ministers to warn that the slump is threatening EU growth. They revised forecasts downward for the 15-member EU, reports Bloomberg. “There is great concern about the financial crisis,” said the Belgian finance minister. More »

      Tags

      US economy  • recession  • European Union  • globalization

  • December 2007

    • Quality Boosts US Exports

      newser  |  Washington Post  |  Dec 26, 07 12:55 PM CST

      Quality Boosts US Exports

      The sinking dollar is fueling a booming export market in tractors, medical equipment, and electrical machinery, helping some US manufacturers overcome a falloff in domestic sales, reports the Washington Post. The trend may even help reduce the trade deficit: For 2007, US exports are projected to increase even more than the 12.7% they rose between 2005 and 2006. More »

      Tags

      US economy  • globalization  • weak dollar  • manufacturing  • US exports

    • 10 Firms Destined to Be Global Giants

      newser  |  CNN  |  Dec 4, 07 2:10 PM CST

      10 Firms Destined to Be Global Giants

      American companies should sleep with one eye open: These firms may not be familiar right now, but they're poised to "reshape global industries," the Boston Consulting Group says. CNN lists 10 standouts, based on BCG's 2008 Global Challengers report. Johnson Electric (China): Produces small motors designed for cars and home appliances. More »

      Tags

      China  • list  • Russia  • India  • Mexico  • Brazil  • globalization

  • October 2007
  • August 2007

    • China's Africa Aid Has a Price

      newser  |  New York Times  |  Aug 21, 07 8:49 AM CDT

      China's Africa Aid Has a Price

      As China increases its economic investment in Africa, locals are finding that the benefits of increased trade with the East comes at a price. In the third of a series of articles in the New York Times , workers at a Zambian factory describe how Chinese imports have undercut their market and driven them out of business. More »

      Tags

      China  • Africa  • globalization  • trade  • Hu Jintao  • Zambia

    • Musharraf Talks at Peace Jirga

      newser  |  Associated Press  |  Aug 12, 07 11:18 AM CDT

      Musharraf Talks at Peace Jirga

      Pakistani President Pervez Musharraf  today pledged to fight the "particularly dark form" of extremism that afflicts his country and Afghanistan, speaking to 600 tribal leaders from the two countries at the close of a peace jirga in Kabul, the AP reports. He said the rise of militancy is preventing the two countries from reaping the benefits of globalization while the rest of the world is "forging ahead." More »

      Tags

      Pakistan  • Afghanistan  • Pervez Musharraf  • Taliban  • Hamid Karzai  • globalization  • extremism  • jirga

  • July 2007

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