In The News

Liz Alderman May 1, 2017
Technology, changing fashions, competition in Asia combined with the European Union ending textile import quotes in 2005, eroded jobs in the lace industry, reports Liz Alderman for the New York Times. “From steel mills to auto factories, the loss of hundreds of thousands of jobs to globalization has created social distress – and competing visions from the candidates about how to fix it,” Alderman...
Soyoung Kim May 1, 2017
North Korea vows to continue nuclear weapons tests, and in response, the US president says that “major conflict” is possible while China expresses concern that that the situation slips out of control. “Reclusive North Korea has carried out five nuclear tests and a series of missile tests in defiance of U.N. Security Council and unilateral resolutions,” reports Soyoung Kim for Reuters. “It has...
Charlotte Röhren April 28, 2017
In recent years, China has begun to take a leadership role in the arenas of trade, foreign policy, and climate change. Global health is next, argues Charlotte Röhren for the Diplomat. In 2014, Beijing provided critical assistance to combat Ebola, “an important milestone in its growing integration in global health governance.” Besides humanitarian reasons, the country stands to benefit by...
Jeffrey D. Sachs April 28, 2017
An introduction to economics defines a nation’s deficit or surplus – “The current-account balance, measuring the balance of trade in goods, services, net factor income, and transfer payments from abroad, is equal to national saving minus domestic investment.” The Trump administration is mistaken about the source of the US deficit, overlooking the low US rate of saving and instead blaming Germany...
Robert G. Blanton and Dursun Peksen April 27, 2017
Economic globalization— trade, foreign direct investment and low tariffs—has a twofold effect in making costly, environmentally harmful and deadly industrial accidents more probable, according to professors Robert G. Blanton and Dursun Peksen in a discussion of their study in Harvard Business Review. First, there is more room for error as byzantine international supply chains straddle countries...
April 27, 2017
The European Union is setting priorities and preparing for an orderly Brexit with the expectation of settling exit terms before planning on future ties. Terms for settlement include British payments due for the EU budget and rights of EU citizens in the UK and British citizens in the EU. The British dispute an estimate from EU officials that the United Kingdom owes €60 billion. EU leaders will...
April 26, 2017
Throughout history, experimentation and science have delivered comfort and prosperity – electricity, road and air transportation, cures for disease, satellites and weather forecasting, communication technologies and more. US scientists are alarmed by political leaders who reject policy recommendations based on evidence – notably the near unanimous agreement among climate scientists that reliance...

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