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The start of the War on Terror can be traced back to the assassination of Egyptian president Anwar Sadat, some 20 years ago. Now that we know we are in a war, how are we going to fight it at home and abroad?
While some of the Taliban and Al Qaeda terrorists may still be in the country, able to cause trouble, the rebuilding of Afghanistan, one of the world’s poorest countries before September 11, 2001, is now going to start. It isn’t going to be easy or cheap.
Among the many effects of terrorism is the increased cost of doing business, in particular, the increased cost of credit insurance.
High-tech firms do not just produce in the United States. Many of them look to India to help produce high-tech goods, but after September 11, 2001, that strategy is riskier than it was before.
International trade and the economic development it has helped to engender is the subject of this speech by the chairman of the Federal Reserve Board to the committee on finance of the United States Senate. It discusses the advantages of international trade over protectionism.
Corporations are growing in power and there doesn’t seem to be any real accountability for them. This would seem to be true on both the international and domestic levels.
Who are the most important people in world trade at the beginning of the twenty-first century?
The American auto market is the largest automobile market in the world, but not every manufacturer is in it. Those that are not would like to be and are making plans.
The experience of Latin America and its relationship with the United States, and how that relationship has changed over the past 15 years, is the subject of this article.
Being the first and the biggest firm in an emerging market is not necessarily the best long-term strategy. A better strategy is carefully building a local presence in the market.
The evolution of multinational firms has not been very well integrated into international economy theory. James Markusen has developed a theory to help explain the actions of multinationals in the global economy.
The World Economic Forum brings the world’s wealthiest and most powerful people together. But the question is, “Do they accomplish anything?” Or is it just a gathering of the rich and powerful where the most important question and concern is the color of one’s name badge?
NAFTA has been a success, at least as far as the United States is concerned. Now the United States wants to extend NAFTA to create a new trade group, the Free Trade Area of the Americas (FTAA).
During the economic boom of the 1990s there was one bit of bad economic news that nearly everyone overlooked and that was the balance of payments. Now with the U.S. economy slowing down, people might begin to pay attention.
Agentina’s economy imploded in December 2001. Who is to blame? Politicians, businessmen, the IMF, or the World Bank? One thing is sure, there is plenty of blame to go around.
The Asian financial crisis shook the financial world at the end of the 1990s. Unfortunately, it would seem, the actions of the IMF did not help matters. In fact, they may have actually made things worse.
Globalization has forced the accounting profession to attempt to standardize practices worldwide. This is no easy task when fluctuating different currencies, cultural expectations, and varying degrees of openness in societies is considered. But organizations engaged in global trade need to address these issues and here are some ideas.
The euro was launched to provide Europe with a sounder, more efficient economy. While the start has been a little rocky, the long-term prospects are very good.
Every year The Economist magazine does a survey of the average price of a Big Mac to determine whether a currency is overvalued or undervalued. Over the past 16 years, it has proven to be an excellent predictor of long-term currency values.
Sweatshops are something that developing countries seem to be able to grow in abundance. The problem is that some multinational corporations turn a blind eye to working conditions in these countries.
Ethical sourcing of goods on the world market is not only the right thing to do, it can also be the economical and profitable thing to do.
China’s entry into the WTO was the culmination of years of negotiations as well as years of change in the Chinese economy. Tsugami Toshiya looks at how this will impact on China and the rest of the world.
The Japanese economy has been in a recession for the past 10 years, with no real prospect of getting better soon. In fact, the only real certainty seems to be that things will get worse before they get better.
The Middle East has been in turmoil since the founding of Israel in the late 1940s. Entering into a free trade war with Europe might be the answer to the never-ending conflict.
One of the claims of free marketers is that in a free market, the lives of everyone improve. This article takes issue with that claim, noting that in the past 20 years, income gaps have actually widened.
Chinese commercial organizations outside of China are, from a Western perspective, unique in how they do business. This article provides some insight into these unique institutions.
Hype is something that many people have come to expect in their everyday lives. But, hype can be used for both good and bad reasons, as shown in this article by Ziauddin Sardar.
Chile is trying to recover from years of dictatorship. It is a very rough road that Chile is having to travel, but slow progress is being made, according to this interview with Sara Larrain, the executive director of the Sustainable Chile program.
The government and businesses in some countries are more honest than others. Frequency of high and low governmental and private-sector corruption on a national level is discussed here.
Multinational organizations expand and look for additional business. One of the areas they are going to be looking at will be functions that have traditionally been performed by governments.
Risk is always going to be a part of doing business. Doing business outside your home market, however, is riskier. David Conklin addresses these issues with some strategies for managing them.
NAFTA established a panel of judges who use arbitration procedures to settle commercial disputes between companies, governments, and others. The amounts involved can reach into the hundreds of millions of dollars and there is no appeal.
The EU has developed its own set of competition/antitrust laws, and the head of that effort, Mario Monti, is determined to enforce them, even if that means stopping the merger between General Electric and Honeywell.
Joint ventures and other types of international alliances are often used when an organization wants to enter a foreign market. However, there are risks associated with each type of arrangement, and executives must be vigilant.
The idea of a country as a brand is a rather new one, but it is certainly applicable in the area of tourism. The concept, however, applies to other areas too.
The developing world, and particularly the Islamic world, offers many opportunities. But it is necessary to understand those markets to be able to take advantage of them.
Even though there has been a worldwide decline in the economy, certain types of businesses have continued to grow. Franchising has done well.
Claude Barfield is a resident scholar at the American Enterprise Institute. In this article, he notes the pitfalls that befell the world economy, leading to the Great Depression and urges the nations of the world, and particularly the United States, to not make those same mistakes again.
China’s entry into the WTO was one of the very important events of the past 7 years in world trade, especially for the United States. What this is likely to mean to American firms is the subject of this article.
What will the world be like in the twenty-first century? Sharif Shuja has some thoughts on the issues.
Now that the cold war is over and the Soviet Union is no more, the Russians have become cynical about human resources, a subject in which they once thought the West believed.
More companies are going offshore for more things and that includes information technology. Many firms have discovered that Asia, and particularly India, is a place where good information technology can be developed for a fraction of the cost.
September 11, 2001, brought a new dimension to offshore outsourcing. Not only must the company accept all the risk it has in the past, but it must now add the risk of terror.
Unions seem to be making a comeback, at least in certain areas. John Kelly has some observations on this growing trend.
Unions have always talked about an international movement. But now, for the first time, the labor movement is seeking to develop a concrete international contract to globally protect workers in, of all places, film, stage, and television productions.
With today’s technology you don’t have to go to Bangkok to have a face-to-face meeting with your customer. You can do it in your own office.
Globalization is fundamentally changing the environment of organizations. That means that those same organizations will have to change the way they view their environment and what and how they must plan for it.
When an organization decides to expand outside of the home market, it must make very careful human resource decisions. Unfortunately, these often do not get the attention they deserve.
In the face of September 11, 2001, safety considerations for both employees and their families have taken on a new meaning and a new urgency.
Being an international HR manager is a very difficult task. It not only requires all the skills and talents of a domestic managers, but the need to multiply those skills by the number of countries involved.
Globalization is certainly the trend, but there are reforms that need to be instituted. Jay Mandle discusses two of them.
The European Union and the United States are the core of the global economy. How they interact and how the EU will handle its expansion over the next ten years will be a key to what happens in and to the global economy.
Not everyone agrees with Allen Greenspan on the advantages of globalization. Jose Bove tells why.
The world’s financial market is inherently unstable, says Ellen Frank. She has some ideas on how it should be changed.
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