China’s expansion, fueled by cheap exports that poorly paid workers produce, may slow with a new labor law in force. The law aims to protect laborers and improve global perceptions of China’s human-rights record. Companies in China, both domestic and foreign, have been notorious about hiring...
Job hunt: Companies warn that China's new labor law, designed to protect workers rights, could
chase jobs away; above, workers make toys for Mattel
BEIJING: China’s passage of a law aimed at bringing more rights to its...
Capital is mobile, seeking profit, and it moves to countries where the returns are higher, with no regard for immobile workers, explains Nayan Chanda in his column for Businessworld. Flush with cash, foreign investors in search of safe havens invested in bonds issued by US government-sponsored...
The volatility of modern globalisation has been a cause of growing anxiety among wage earners the world over. The days of life- time employment are mostly over, contracts are growing ever shorter, and the number of ‘...
The economic crisis of 2008 and the uncertain recovery that has followed did not result in large-scale protectionism as some expected. There have been worrying signs of the traditional propensity of nation-states to turn inwards when the global economic outlook is bad, but for the most part,...
GENEVA: Protectionism has been described as "the dog that didn't bark" in the long, troubled night of the financial crisis; remarkable precisely because of its absence.
In the years since the crisis erupted, the world economy has borne witness to...
The 2006 World Cup will be held in Germany, but thanks to FIFA sponsoring contracts, visitors should not expect German food or drink at stadiums. Officials in Bavaria are especially angry that German beer will not be allowed – one government official said that guests of the World Cup must be...
Hot dogs and an ice-cold light beer might be considered the perfect accompaniment at a sporting event for the average U.S. sports spectator. But deep in Bavaria, home of the beer purity law from 1516, the thought of...
Russian leaders who once belittled climate change's urgency have reversed course after wildfires and floods. “Smoke from massive wildfires raging across an area the size of Belgium has engulfed hundreds of villages in Siberia – and spread as far as Seattle and Vancouver,” reports Georgi...
Non-Mexican undocumented immigrants crossing the southern US border have a pretty easy out if they're apprehended by immigration authorities. By claiming to be from Honduras, Guatemala, or somewhere else, undocumented migrants from Central and South America are processed through the court...
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