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These days, Europeans are taking advantage of the cheap U.S. dollar to buy more than consumer electronics or real estate in the United States. They are also gobbling up all kinds of U.S. corporations -- a trend that will be far more permanent, consequential and politically charged than Europeans' widely noticed shopping sprees for gadgets or apartments.
The aftermath of recent financial crises, such as the U.S. housing slump and near-collapse of Bear Sterns, underscores the concentration of power among a select, insular group of global elites, unchecked by any international mechanism. An often unregulated “superclass” of 6,000 individuals governs not only business and finance, but politics, the arts, the non-profit world, and other sectors.
In their quest for the Democratic presidential nomination, a new insult entered the increasingly caustic vocabularies of Barack Obama and Hillary Clinton: hypocrite. Hoping to curry favor in a state that has shed thousands of manufacturing jobs in recent years, each attacked the North American Free Trade Agreement (NAFTA), the treaty that lowered barriers to commerce between the United States, Canada, and Mexico.
Jeffrey Sachs's new book is the author's blueprint for how global society should solve mankind's most pressing problems: climate change, shortage of water, excessive population growth (compared to energy and food capacity of the Earth), diseases (including AIDS), poverty and U.S. foreign policy. The way to solve them is through international co-operation, led by the rich countries.
Since its inception in Fall 2006, the series has addressed the most critical—and controversial—issues involving China's economic, socio-political, and military evolution and their policy implications for policy makers on Capitol Hill.
Michael Reid, a British journalist who has covered Latin America for 25 years for the Economist and other publications, does not mention "Ugly Betty" in Forgotten Continent, his comprehensive and erudite assessment of the region. But his story line is similar: Latin America, which has long suffered from economic and social ugliness, is getting prettier.
Recently signed economic partnership agreements between the European Union and African, Caribbean, and Pacific countries may represent a powerful new tool for development, strengthening regional integration and stimulating investment in signatory countries.
The most important new forces in global business are aggressive, wealthy, and entrepreneurial. But they aren't corporations: they're authoritarian governments.
Nuclear energy cannot make a real difference to global climate change. To do so would require a tripling of capacity — building 25 reactors per year to 2050 — a rate of expansion that can't be met by the current infrastructure. As it is, nuclear energy, hampered by a moribund supply chain, will have to grow rapidly to maintain its current market share as demand for electricity doubles by 2030.
Policymakers aiming to reduce gender inequality in Latin America need to look beyond national averages in order to uncover the real conditions women face in the labor market.
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