In The News

Leslie Crawford September 4, 2001
Since building the Guggenheim Museum, Bilbao has witnessed extraordinary growth in tourism. Now, many policy makers see Bilbao and the Guggenheim as a model for urban renewal. But not all are in agreement. Tourism is an uncertain industry, and museums are attractive as long as they are unique. Furthermore, the novelty of attractions wears off; and without a plan to keep the momentum of economic...
Pulapre Balakrishnan August 20, 2001
Any discussion on free trade must include a discussion of free immigration, for it is people that produce the goods that are to be traded. If the producers are not free to move, then trade itself is not free. As the writer Balakrishnan argues, “immigration cannot be ignored in any global compact on economics.” Balakrishnan is, however, aware what free immigration means to developed countries: the...
Nayan Chanda July 5, 2001
Craig S. Smith July 2, 2001
China’s President, Jiang Zemin, declared that private business owners should be allowed to join the Communist Party of China. “China's leaders have recognized the importance of private businesses in absorbing the state sector's excess workers and in improving the economy's global competitiveness as the country prepares to enter the World Trade Organization.” The incorporation of...

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