International or internationally describes interaction between nations or encompassing several nations. Especially in the United States, "international" is also commonly used to mean "outside of the country."

Global is commonly used nowadays as a synonym for international, but such usage is incorrect. This is because "global" implies "one world" as a single unit, while "international" recognizes that different peoples, cultures, languages, nations, borders, economies, and ecosystems exist. Nonetheless such usage is found in widely-used media buzzwords such as the "Global Economy".

In team sports, "International" commonly refers either to a match between two national teams, or to a player capped by his national team.

More on [ International ]

The Economist: Globalisation

Capital controls: Raining on India's parade
Thu, 29 Oct 2009 11:53:57 -0000
What India can learn from Brazil about controlling capital flowsIN INDIA, drought sometimes turns to deluge. This summer the country suffered its worst monsoon since 1972, which left half its rural districts parched, followed swiftly by floods that inundated two states. In recent years India’s economic policymakers have confronted a similar phenomenon. A once-sheltered economy is now increasingly open to foreign capital, which rained down on the country in 2007, only to evaporate last year. The rains are now returning: foreigners have invested $13.8 billion in India’s stockmarkets since April, having withdrawn $8.6 billion over the same period last year. The Sensex, India’s most widely watched stockmarket index, has surged by almost 100% since its March lows. On October 27th the Reserve Bank of India (RBI) held its key policy rate at 4.75%, even though it is anxious about rising inflation. It is wary of attracting even more money from foreign investors, who are looking for high returns in a world of meagre yields. India’s discomfort (see article) is widely shared. Less than a year ago policymakers in emerging economies fretted about capital flight. Their currencies and reserves were falling as foreigners tried to raise cash by ditching whatever assets they could sell. Several governments queued up for emergency loans from the IMF or a currency swap with the Federal Reserve. Now they are worried about capital flowing in the opposite direction. On October 20th Brazil imposed a 2% tax on foreign purchases of equities and debt. Investors are now looking around to see who might follow suit. ...
India and capital flows: A world apart
Thu, 29 Oct 2009 11:53:57 -0000
India is caught in two minds about financial globalisationTHE world is divided into two, according to Shachindra Nath, chief operating officer of Religare Enterprises, an Indian financial firm. On one side of the divide is a world with “cash but no opportunities”; on the other, a world with “no money, just opportunities.” In October Religare announced its ambition to shepherd money across this divide, by creating an “emerging-market investment bank”. The bank will be run from London by Martin Newson, a former head of global equities at Dresdner Kleinwort. Religare will start small, attaching itself to growing companies and expanding with them. As India’s companies go global, finding customers and buying companies abroad, they will want their banks to be global too, Mr Newson argues. His bank may still lack manpower (it has about 80 bankers) and experience (last year, it completed only two deals in its home market), but Mr Newson applauds India’s “get-up-and-go, ‘let’s attack’ attitude”. ...
Nestlé: The unrepentant chocolatier
Thu, 29 Oct 2009 11:53:57 -0000
The world’s biggest food company is betting on an emerging class of health and nutrition products to spur its growth. But risks aboundIT IS a curious blend of kitchen and laboratory. From one room wafts the bittersweet smell of chocolate being gently heated and stirred by chocolatiers. Around the corner it is all science. A double row of cubicles contains human guinea pigs who sniff and taste from little tubs, scoring each on criteria such as sweetness or bitterness to produce complex flavour charts. Down the corridor, women in comfortable chairs talk about how chocolate makes them feel. Cameras and microphones record their most minute gestures for the scrutiny of psychologists and anthropologists. This is the science behind Nestle’s 110-year-old chocolate factory next door, which each morning exhales the aroma of roasting almonds and cocoa beans over Broc, a chocolate-box-perfect Swiss village where even the weeds in an overgrown lot seem orderly. It is in these laboratories, where a pinch of art is mixed with SFr25m ($23.6m) of technology, that new chocolate recipes are devised. At another Nestle research centre in Lausanne, meanwhile, researchers have been working out how chocolate affects metabolism and the behaviour of gut microbes—in other words, analysing chocolate as a pharmaceutical product, rather than a treat. ...
Carrefour in emerging markets: Exit the dragon?
Thu, 08 Oct 2009 10:47:23 -0000
Investors may force the world’s second- largest retailer to retreat to EuropeIN CHINESE, Carrefour happens to mean “Every Happy Family”, a piece of luck which has doubtless contributed to the French firm’s success in China, where it has operated since 1995. In Brazil, too, a market which Carrefour entered in 1975, the company is treated like a local and vies for leadership with a Brazilian firm. The group’s businesses in Brazil and China are substantial, fast-growing and produce generous returns on investment. Now, however, to the dismay of executives at the firm, two big shareholders are reportedly pushing for a sale of the Asian and Latin American businesses.Colony Capital, an American private-equity firm which specialises in property, and Bernard Arnault, chairman of LVMH, a luxury-goods group, first invested in Carrefour in 2007, and now own more than 13% of its shares and around 20% of its voting rights, mainly through a joint holding company called Blue Capital. Like many activist investors, they were caught out by the crisis: Carrefour’s share price has fallen from around €50 ($67) when they made their purchases to €30 today. Their original aim was to spin off Carrefour’s property portfolio, which would have brought a one-off gain, but plummeting property values undermined the plan. ...
Industrial design
Thu, 01 Oct 2009 11:04:23 -0000
Can governments help revive innovation and trade?AN ECONOMY’s potential output depends on the amount of labour and capital available, and on the ingenuity with which those resources are put to use. Of these three factors ingenuity is by far the most important. It accounted for about 88% of the growth in output per man-hour between 1909 and 1949, according to a 1957 paper by Robert Solow which helped bag him a Nobel prize. Mr Solow labelled this all-important factor “technical change”, a catch-all term for anything that yields more output from the same inputs of labour and capital. It could include breakthrough inventions, like the internal combustion engine, or organisational improvements, like the assembly line or the traffic roundabout. At a conference in April Mr Solow was optimistic that technical change would proceed apace despite the crisis. These “fundamental determinants of the growth of potential output do not seem to have deteriorated at all,” he said. Mohamed El-Erian of Pimco is equally confident: “The secular forces of productivity gains and entrepreneurial dynamism will not disappear.” But many of the companies responsible for making this change happen seem less sanguine. Of almost 500 big businesses recently surveyed by McKinsey, a consultancy, 34% expect to spend less on R&D this year and only 21% think they will spend more. Historically, R&D spending has fluctuated with income, but more strongly: when growth declines by 2%, R&D spending drops by 3%. According to the OECD, it is the more speculative, longer-term projects that are cut first. But these are precisely the ones that lead to the biggest breakthroughs. ...
Globalisation: The value of history
Thu, 03 Sep 2009 10:46:18 -0000
How financial ferment can lead to changes in political powerThe Creation and Destruction of Value: The Globalisation Cycle. By Harold James. Harvard University Press; 336 pages; $19.95 and GBP14.95. Buy from Amazon.com, Amazon.co.uk THE reflections of Harold James, an economic historian at Princeton University and a long-time student of what makes globalisation happen, would be of interest even in times more tranquil than these. But at a moment when the march of global integration has been stalled by a financial crisis unparalleled since the 1930s, Mr James is a particularly fitting guide. His previous book about globalisation, in 2001, was about the fragility and reversibility of a process that many at the time believed to be inexorable. ...

IPS Inter Press Service - Globalisation - Is It Working for People?

POLITICS: Defiant China Asserts Role in Global Affairs
Antoaneta Bezlova BEIJING, Oct 12 (IPS) - The symbolism of Beijing dispatching its second top leader for celebrations with the reclusive North Korean leader Kim Jong-il almost at the same time as Washington was deciding to break a tradition by refusing the Dalai Lama a meeting with the U.S. President last week has not been lost on observers here — keen to glimpse ever more signs of China's rise.
POLITICS: China Resists U.S.’s ‘Covert' Trade Agenda
Antoaneta Bezlova BEIJING, Oct 7 (IPS) - As the United States talks about rebalancing global growth, China sees a covert agenda of trade protectionism. And while Beijing seems to agree that there is a price to pay for its new ascent as a global power, it bristles at suggestions that it needs to let its export powerhouse fade from prominence by allowing its currency, the yuan, to appreciate faster.
POLITICS: China Swaggers On, Yet Future Looks Uncertain
Antoaneta Bezlova BEIJING, Oct 2 (IPS) - Showing off China’s new wealth and national might on the anniversary of the birth of the People’s Republic, the country’s leaders attributed its rise as a rejuvenated world power to the 60 years of communist rule.

World Economic Forum - Latest Stories

India 2009 - India Economic Summit
Fri, 30 Oct 2009 13:32:00 -0000
Experts predict that India will become a global superpower within fifty years - thanks to its economic growth and young population. Upload a video reply and tell us what it takes to make India a superpower. The best videos will be shown during the World Economic Forum’s India Economic Summit to be held from 8 to 10 November, under the theme, “India’s Next Generation of Growth”.
New report: Towards a Low Carbon Travel & Tourism Sector
Fri, 30 Oct 2009 09:49:00 -0000
The industry partnership program provides CEOs and senior executives of the world’s leading companies the opportunity to engage with their peers to define and address critical industry issues. Identifying, developing and acting upon these specific industry issues is fundamental to the Forum’s drive to deliver sustainable social development founded upon economic progress. General Information ATT 2 PagerIndustry Partnership Projects Towards a Low Carbon Travel & Tourism sector ATT Global ...
Dubai 2009 - Summit on the Global Agenda
Tue, 27 Oct 2009 13:18:00 -0000
For the second consecutive year, the World Economic Forum and the Government of Dubai will host the Summit on the Global Agenda from 20 to 22 November 2009. The Summit will bring together over 700 council members of the most innovative and relevant minds from over 90 countries – leaders from academia, business, government and civil society – to address some of the most pressing issues on the global agenda. "Dubai provides the most convenient environment for effective exchange of ideas among ...

The Heritage Foundation Headlines Test

Copenhagen Consequences

We Still Hold These Truths

Ronald Reagan and the Fall of the Wall


Globalization News

Berkeley, Oakland urge oil money transparency

IVORY COAST: Trafigura offers deal to 31,000 Africans over dumped waste
British oil trader Trafigura has offered to settle a court case brought by 31,000 Africans who say that they were injured in the largest personal injuries class action mounted in an English court. The action resulted from the dumping of 400 tonnes of waste in the Ivory Coast by an oil tanker, the Probo Koala, in 2006 — one of the worst pollution disasters in recent history.
IVORY COAST: Trafigura offers deal to 31,000 Africans over dumped waste
British oil trader Trafigura has offered to settle a court case brought by 31,000 Africans who say that they were injured in the largest personal injuries class action mounted in an English court. The action resulted from the dumping of 400 tonnes of waste in the Ivory Coast by an oil tanker, the Probo Koala, in 2006 — one of the worst pollution disasters in recent history.

Steve Suranovic's Blog

Health Care Proposal Confusion
Steve Suranovic Thu, 20 Aug 2009 19:10:00 -0000
I have to admit that this whole health care debate confuses me. I understand some of the main problems with the current system; things like non-portability of insurance across jobs and across states, the high incidence of medical malpractice lawsuits, the large numbers of people uninsured, and the rapidly rising costs. Clearly the current system has major problems and may be unsustainable in
The Principle of Unintended Consequences
Steve Suranovic Mon, 29 Jun 2009 13:35:00 -0000
The WSJ has an opinion piece today about how US legislation intended to clean up the environment and reduce our dependence on foreign oil led to windfall subsidies for the US paper industry inspiring a paper subsidy retaliation by our Canadian neighbors. This trade skirmish is an obvious example (i.e., obvious after the fact) of how difficult it is to predict the full consequences of particular
Government Ponzi Schemes are OK (!!??)
Steve Suranovic Mon, 22 Jun 2009 12:21:00 -0000
Last week we heard the announcement of Allen Stanford's arrest for perpetrating a ponzi scheme that defrauded investors of billions of dollars. Last year we saw the arrest of Bernie Madoff who purportedly instigated an even larger ponzi scheme. But of course, the largest ponzi scheme of all lies right in front of our eyes in full view. It's the US government welfare scheme set up years ago.

 

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