June 24, 2007


OECD:
Offshoring and Cheap Imports May Hurt

The Wall Street Journal reports:

Globalization may be hurting low-skilled workers in the U.S. and Europe enough that politicians in both places may find it increasingly hard to sell voters on the benefits of free trade and open markets, says one of the world's leading economic institutes.

The Organization for Economic Cooperation and Development, a Paris-based institute backed by the governments of 30 leading industrialized countries, is a staunch believer in free trade, which most economists believe makes all countries richer overall, including those with high wages.

But in its annual labor study, the OECD acknowledges growing popular unease about globalization.

At virtually the same time Der Spiegel addresses the German 'labor paradox' and wonders where all the skilled workers have gone.

'Workers', George Grosz

June 14, 2007


Web Inventor Gets Queen's Honour

The inventor of the world wide web has been awarded the Order of Merit, one of the UK's most prestigious honours. Sir Tim Berners-Lee, who launched the first website in 1991, joins an elite group who have received the honour from the Queen for exceptional contributions in arts, sciences and other areas.

The British academic invented the web's address system and layout in Switzerland in 1991, ultimately revolutionising global communication.

Previously, he was named Greatest Briton at a ceremony in 2004.

Get the whole story here.

June 08, 2007


Real Cost of Offshoring

U.S. data show that moving jobs overseas hasn't hurt the economy. Here's why those stats are wrong.

June 04, 2007


China Puts Economy First!

China promises to better control emissions of greenhouse gases, unveiling its first national program to combat global warming, but rejects mandatory caps on emissions as unfair to countries still trying to catch up with the developed West. So to the Chinese, climate targets should in no way spoil their economic growth.