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Business and Economy :: Current Events
Globalization

 
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The Economist: Globalisation

Globalisation and health: Importing competition
Thu, 14 Aug 2008 11:49:44 -0000
The coming boom in medical travel could help both rich and poorHEALTH care has long seemed one of the most local of all industries. Yet beneath the bandages, globalisation is thriving. The outsourcing of record keeping and the reading of X-rays is already a multi-billion-dollar business. The recruitment of doctors and nurses from the developing world by rich countries is also common, if controversial. The next growth area for the industry is the flow of patients in the other direction—known as “medical tourism”—which is on the threshold of a dramatic boom. Tens of millions of middle-class Americans are uninsured or underinsured and soaring health costs are pushing them and cost-conscious employers and insurers to look abroad for savings (see article). At the same time the best hospitals in Asia and Latin America now rival or surpass many hospitals in the rich world for safety and quality. On one estimate, Americans can save 85% by shopping around and the number who will travel for care is due to rocket from under 1m last year to 10m by 2012—by which time it will deprive American hospitals of some $160 billion of annual business. ...
Globalisation and health care: Operating profit
Thu, 14 Aug 2008 11:49:44 -0000
Why put up with expensive, run-of-the-mill health care at home when you can be treated just as well abroad?ROBIN COOK knows how to spot the latest scare in medicine. Mr Cook, a Harvard-trained doctor, is author of over a dozen medical thrillers, including “Coma” and “Outbreak”, which have anticipated pandemics, anthrax attacks and the black market in organs. “Foreign Body”, published this month, is about the next big thing: medical tourism. Central to the plot is the story of Maria Hernandez, a working-class American woman who travels to Delhi to get a hip replacement she could not afford back home. Alas, she and other medical tourists die in mysterious circumstances. Contrast Ms Hernandez’s fate with that of another American health tourist, Robin Steele. Mr Steele, a real patient, recently went to India’s Wockhardt hospital chain for a heart operation. Not only is he in fine shape, but he also enjoyed a holiday afterwards and saved several thousand dollars to boot. ...
Operational risk ratings: Watch your step
Tue, 12 Aug 2008 06:18:55 -0000
Prospects for business profitability have worsened slightly in Britain and FranceRisk Briefing rates operational risk in 150 markets on a scale of 0-100. The overall scores are an aggregate of underlying scores for ten categories of risk: security; political stability; government effectiveness; legal and regulatory; macroeconomic; foreign trade and payments; financial; tax policy; labour market; and infrastructure. The model is run when events require it, and at least once a quarter for each country. ...
World trade: So near and yet so far
Thu, 31 Jul 2008 12:10:21 -0000
Trade ministers have come too close to a deal to let the Doha round dieIN MANY examinations, 90% is an excellent score, deserving a prize and a handshake from the headmaster. In Geneva this week, only full marks would do, and the world’s trade ministers failed. No matter that they came closer to a deal than anyone should have expected (see article). No matter that they stuck at it for nine days and several nights, in the longest ministerial meeting in the history of the World Trade Organisation (WTO). No matter, too, that this time they parted in stunned disbelief, heads shaking, rather than in acrimony, recrimination and spite, as at Cancun in 2003. They managed “convergence” on 18 of the 20 topics set before them by Pascal Lamy, the WTO’s director-general, but they stumbled on the 19th, a device for protecting farmers in developing countries against surges in imports. They never reached the 20th, cotton. Failed.You can construct a plausible argument that the collapse of yet another set of talks on the Doha round, which is now coming up to seven years old, is of little importance. While the world’s trade ministers have alternated between talking and not talking to one another about Doha, the world’s businesspeople have carried on regardless: the growth of global commerce has outstripped the hitherto healthy pace of global GDP. Developing countries in particular have continued to open up to imports and foreign investment. You might say that not much was on offer in Geneva anyway: one study put the eventual benefits at maybe $70 billion, a drop in the ocean of the world’s GDP. Global stockmarkets, with so much else on their minds, either didn’t notice or didn’t care. On July 29th, the day the talks broke up, the S&P 500 index rose by 2.3%. ...
Trade talks: The Doha round...and round...and round
Thu, 31 Jul 2008 12:10:21 -0000
After another failed summit, seven years of trade talks may become nine or tenLIKE “watching paint that never dries” is how Sheila Page of the Overseas Development Institute, a London think-tank, describes the experience of following the Doha round of global trade negotiations. Launched in 2001 by the members of the World Trade Organisation (WTO), the talks seek to cut tariffs and farm subsidies, as well as liberalising trade in services. On July 25th, hopes of an unlikely deal, brokered by Pascal Lamy, the WTO’s relentless director-general, at a summit in Geneva, briefly rose. But on July 29th, after nine days of negotiations, the mix turned gloopy once again.From the start, the round’s chief ambition was to straighten out some of the kinks in agricultural trade. This ancient activity, which accounts for only 8% of world merchandise trade, is the most heavily distorted by misbegotten policies. It is, therefore, in agriculture that an agreement could do the most good. But it was also in agriculture that the agreement came unstuck. ...
Local heroes
Thu, 31 Jul 2008 12:10:21 -0000
Sporting labour markets are becoming global. But what about sports themselves?THE weather is perfect, with just enough breeze to freshen a warm June evening. Shea Stadium is bubbling this Friday night, with fans and food vendors, music and pre-game presentations. On the big screen the New York Mets introduce themselves: Jose Reyes, shortstop, from the Dominican Republic…Carlos Beltran, centre fielder, Puerto Rico…Endy Chavez, right fielder, Venezuela…Oliver Perez, pitcher, Mexico.Mets fans have had a frustrating season, with rather fewer wins than losses. By Tuesday, the team’s manager will have been fired. But tonight they leave Shea unusually content. The Mets beat the Texas Rangers 7-1. Mr Perez pitches solidly and bats in two runs. Mr Beltran and Mr Chavez both score one and bat one in. The speedy Mr Reyes scores two and steals his 24th base of the year. ...

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

ECONOMY-INDIA: Market Reforms May Not Materialise
Paranjoy Guha Thakurta NEW DELHI, Aug 6 (IPS) - Prime Minister Manmohan Singh’s coalition government is no longer dependent on communist parties to complete its term in office but it may yet fail to push through market-friendly, neo-liberal economic policies -- for lack of time and political consensus.
TRADE: WTO Prescribes More Liberalisation
Gustavo Capdevila GENEVA, Jul 18 (IPS) - The shortcomings of globalisation must be amended by more globalisation, according to the World Trade Report 2008, released by the World Trade Organisation (WTO).
BOOKS: You're Not on Their Speed Dial
Abra Pollock WASHINGTON, Jul 9 (IPS) - Amidst the rise of multinational corporations, technology that unites people across borders, and new waves of international migration, globalisation has also ushered in the formation of a powerful network of elites who have access to unprecedented resources and influence -- and whose decision-making impacts the lives of millions across the globe.

World Economic Forum - Latest Stories

Political and Economic Uncertainty in 2008
Tue, 02 Sep 2008 15:11:00 -0000
Click on the link for more on this story and other news from the World Economic Forum.
The Annual Meeting in Davos 2008
Tue, 04 Mar 2008 16:46:00 -0000
Click on the link for more on this story and other news from the World Economic Forum.

The Heritage Foundation Headlines Test

Avoiding the Next Big Mistake

The Commitment to Open Government

Big Government Strikes Back


Globalization News

The Commercial Games: How Commercialism is Overrunning the Olympics

Giant Mining FirmÂ’s Social Responsibility Claims: Rhetoric or Reality?

Dark Side of the Tourist Boom: Cruise Ship Controversies Cross Borders
The Mexican Pacific resort of Zihuatanejo recently cancelled a major new cruise ship terminal, giving a victory to environmental activists and other opponents. However, Mexico remains the worldÂ’s Number One cruise ship destination; and with little regulation, allegations of onboard crime, and increasing militarization as regards security while ships are in port, the rapidly expanding industry is facing new challenges.

Steve Suranovic's Blog

Bilaterals versus Multilaterals
Steve Suranovic Fri, 05 Sep 2008 13:33:00 -0000
Here's an informative article in today's Wall Street Journal about the trade-offs between bilateral free trade areas and how they may affect the multilateral discussions in the Doha round of the WTO.
How to Make America Stronger
Steve Suranovic Mon, 04 Aug 2008 20:11:00 -0000
The failure of the Doha round talks last week is one sign among many that the conventional reciprocal concession approach to trade liberalization is becoming ineffectual. With so many issues on the agenda and so many countries involved, it may now be impossible to reach any meaningful agreement to substantially reduce trade barriers. Perhaps the time is ripe for a new approach. If the American
Tennis and Politics
Steve Suranovic Tue, 08 Jul 2008 14:39:00 -0000
People love to watch a battle between fierce competitors and root for their side to win. To the victor goes the spoils. Sport is the modern equivalent of warfare, wherein battles can be waged every day to the delight of the competitors and the audiences. I suspect our desire for the spectacle is something that’s part of our evolutionary heritage; something so rooted within us that we cannot

 
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About.com - Globalization - Annotated links to news and opinion.
Meta Description: [ The About U.S. Foreign Policy site is a resource for non-policy wonks seeking to better understand America's role in the world. The site explores and explains who is making U.S. foreign policy and why. We examine world events through the lens of American interests and actions in the world. The si... ]

BBC News - In Depth: The Battle Over Trade - News and analysis about world trade issues including QA, key trade disputes, key issues, regional trade blocs and pacts, real lives and external links.
Meta Description: [ Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC News provides trusted World and UK news as well as local and regional perspectives. Also entertainment, business, science, technology and health news. ]

Corporate Europe Observatory - News and briefings from a European-based research and campaign group targeting the threats to democracy, equity, social justice and the environment posed by the economic and political power of corporations and their lobby groups.
Meta Description: [ CEO, is a European-based research and campaign group targeting the threats to democracy, equity, social justice and the environment posed by the economic and political power of corporations and their lobby groups. ]

Corpwatch : U.S.-Mexico Border - Feature articles about life along the U.S.-Mexico border.

FT.com - World Trade News - News about international trade from The Financial Times.

Global Exchange: Global Economy - Background, analysis and information links from alternative progressive perspectives critical of current patterns and policies of globalization and related issues.

Globalization 2000 - Offers articles on this topic.
Meta Description: [ Taranto, immagini, storia e tradizioni ( Italy ). Il calcio a Taranto, Erasmo Jacovone, la mappa , il meteo. I video sulla Taranto del passato, notizie e attualità ]

Globalization and anti-capitalism - Pro Marxism news reports as well as in-depth analysis of the economic and political issues involved in corporate globalization.
Meta Description: [ Marxist website defending the ideas of Marxism as a tool for today's labour movement, by the International Marxist Tendency. ]

Globalization Watch - Mother Jones magazine coverage of globalization and protests against it.
Meta Description: [ FROM THE STREET PROTESTS IN SEATTLE AND WASHINGTON D.C. TO BEHIND THE SCENES IN THE HALLS OF POWER, HERE'S WHERE YOU'LL FIND MOJO'S UP-TO-DATE COVERAGE OF GLOBALIZATION ISSUES AND EVENTS. ]

404 Globalization White Papers - The American Prospect's extensive writings on the globalization debate.
Meta Description: [ A comprehensive Web resource examining globalization and its critics. From The American Prospect magazine. ]

Guardian Unlimited - Special Report: Globalisation - News, comment and analysis with links to related Special Reports and web resources.

The Globalist - News, articles and fact sheets about globalization and trade. Tends to be pro-globalizaiton.
Meta Description: [ The daily online magazine on the global economy, politics and culture. ]

World Trade Magazine Online - International business, news, information and analysis published by the Global Board of Trade Partners, which focuses on industry support for international trade.

Yahoo! News - Full Coverage: Trade - Provides headline links to news stories from media sources around the world. Includes feature articles, opinion and editorials, audio and related web sites.

Yahoo! News - Full Coverage:Global Economy - News articles and links to related sites about the global economy, third world debt and other issues.

ZNet Global Economics Crisis - Analysis, commentaries, interviews and other information resources about world trade. Highly critical of corporate emphasis of current globalization policies.

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