globalization

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How Australia Dodged the Recession

How one country ducked the economic downturn

(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made to
...

Pittsburgh G-20 March Proceeds Peacefully

Demonstration free of violence that marked yesterday's protests

(Newser) - Protesters again marched in Pittsburgh today while world leaders met at the G-20 summit, but the demonstration has so far been peaceful, in marked contrast to the mayhem that marked yesterday’s rally. The demonstration, organized by the antiwar Thomas Merton Center, made its way across town after an opening...

Subway Will Soon Have More Stores Than McDonald's

But sandwich chain still lags behind McD's in sales

(Newser) - Subway is nearing a milestone: the sandwich chain will soon have more global locations than McDonald’s, Ad Age reports. The chain is expanding so quickly that it's expected to have 31,800 stores by the end of the week. It's probably just a matter of months before it surpasses...

Global Rates of Alzheimer's Disease Soar

Aging populations drive increase; developing world will be hit hard

(Newser) - Rising life expectancy in the developing world will lead to a dramatic increase in the number of people stricken by Alzheimer’s disease, HealthDay News reports. The number of dementia cases worldwide will reach 35.6 million in 2010, a 10% increase over the total in 2005. That number is...

Obama Calls for Era of Cooperation With China

(Newser) - President Obama opened bilateral talks with China today with a friendly speech, saying the US-China relationship would “shape the 21st century” and highlighting areas in which the nations have common interests, like nuclear proliferation, terrorism, and the global economy. He also touched on climate change, noting that the US...

Chinese Sow Stakes in French Wine Country

Foreign buyers retool prominent Chateaus for exports to China

(Newser) - Mao wouldn't likely approve on a couple of fronts, but Chinese investors looking to introduce their countrymen to the best in wine are buying up storied chateaus in the heart of French wine country, the Washington Post reports. Two companies paid several million dollars each to own Chateau Richelieu and...

French Are World's Worst Tourists: Survey

Poll of 40,000 hotels ranks visitors on politeness, generosity

(Newser) - The French are the world’s worst tourists, AFP reports. A global survey asked staff at 40,000 hotels to rate tourists on categories ranging from politeness to generosity to willingness to learn local languages—and the French finished last in several categories. Japanese tourists took honors in just as...

US Trading Partners See Huge GDP Falls

Mexico contracts 21.5% as American demand dries up

(Newser) - Yesterday Mexico became the latest country to disclose a sharp economic contraction as a result of the slowdown in US consumption of imported goods. Mexican GDP fell at an annualized rate of 21.5% in the first quarter, following Germany, down 14.4%, and Japan, 15.2%—its worst performance...

Globalization Is Changing Our Brains
 Globalization Is 
 Changing Our Brains 
opinion
Mar 29, 2009 6:20 PM CDT

Globalization Is Changing Our Brains

(Newser) - Having boogied in 70 countries on all seven continents, Matt Harding concludes that “globalization is forcing our brains to evolve." Known via the Internet for dancing poorly with locals in far-flung locations, Harding argues that our brains were designed for social interaction within a small tribe—but we...

China-India Friction Rises Amid Downturn

But tensions persist between two boom economies

(Newser) - With US demand shrinking, China is looking to India to keep its exports buoyant and buy everything from iron ore to stuffed animals. But although China is its largest trading partner, India's not happy: this year it banned toy imports for safety reasons, and the country has lodged a dozen...

Half the World's Languages Will Vanish by 2100

More than 2400 tongues at risk of extinction, as last speakers die out

(Newser) - Globalization has many benefits, but the preservation of the world's languages is decidedly not among them. Ever since the invention of agriculture 10,000 years ago, smaller tribes have assimilated into bigger ones and seen their native tongues lost, and the process has been speeding up, reports the Washington Post....

The Next Economic Victim: Globalization
 The Next Economic 
 Victim: Globalization 
analysis
Mar 5, 2009 9:02 AM CST

The Next Economic Victim: Globalization

Plunging exports, protectionism undercut 'golden age'

(Newser) - World trade has quadrupled since 1982, but economic woes are eating away at globalization’s “golden age” as exports fall, foreign workers head home, and governments seek to protect their own, the Washington Post reports. “The collapse of globalization is absolutely possible,” said a US economist. “...

Free Market Rings Up 4B Cell Phones Worldwide
Free Market Rings Up 4B
Cell Phones Worldwide
ANALYSIS
Mar 3, 2009 2:37 AM CST

Free Market Rings Up 4B Cell Phones Worldwide

6 in 10 connected, thanks to private biz

(Newser) - The global explosion in cell phone use is a timely reminder of what free markets can achieve, David A. Gross writes in the Christian Science Monitor. There are now more than 4 billion mobile connections worldwide, two-thirds of them in developing countries, according to a new UN report. This leap...

India to Sell Cow Pee Soda

 India to Sell 
 Cow Pee Soda 
Feb 12, 2009 11:56 AM CST

India to Sell Cow Pee Soda

Nationalists push drink as Coke, Pepsi rival

(Newser) - India's largest Hindu nationalist group is taking on Coke and Pepsi with a native brew that's a little, uh, earthier: a soft drink made from cow urine. "Don't worry, it won't smell like urine and will be tasty, too," its maker assures the Times. The so-called cow water—...

'India's Enron' Imperils Booming Industry

$1B scandal threatens India's role as major outsourcing center for top companies

(Newser) - A $1 billion accounting fraud at Satyam is being described as India's Enron, and it could have a major impact on how Fortune 500 companies use Indian companies for outsourcing critical computer and IT functions, reports the Financial Times. The CEO of Satyam, India’s fourth-largest IT services company, resigned...

Rich Nations Snap Up Third World Farmland

(Newser) - Rich nations are buying up farmland in developing countries and drawing the ire of some critics, the Guardian reports. One UN official said the purchases, designed as a hedge against food shortages, could put poor nations at risk of starving to feed the wealthy. In "this scramble for soil...

'Circle of Pain' Snags Emerging Markets, Too
'Circle of Pain' Snags Emerging Markets, Too
OPINION
Oct 27, 2008 12:41 PM CDT

'Circle of Pain' Snags Emerging Markets, Too

Krugman: Russia et al. not immune after all to crisis' vicious cycle

(Newser) - Only a few weeks ago, it seemed the main fronts of the financial crisis were the Western banking system and mortgage market. But now the crisis has spread to emerging markets like Russia and Brazil. As Paul Krugman writes in the New York Times, the mantra of “decoupling”—...

IMF Plans Huge Credit Line for Poor Nations

Wave of defaults in developing world could imperil global economy

(Newser) - While the financial crisis is leading the West into recession, other parts of the world from Hungary to Argentina face an even worse fate: default, market panic, and possibly social upheaval. Now the IMF is working to build a giant line of credit, funded by rich nations, to provide...

Amid Crisis, China Faces Its Own Slowdown

Decline in exports poses huge challenge to Communist Party

(Newser) - For three decades now, China has established itself as a global economic powerhouse by providing cheap exports to the rest of the world. But as demand for Chinese goods slumps in a global recession, the ruling Communist Party, which owes its popularity to expanding prosperity, faces new tests: slowing growth,...

Starbucks Helped Brew Meltdown—Just Check a Map

Coffee empire's rise tracked (and fueled) housing's, and store locator mirrors trouble spots

(Newser) - A simple tool could hold the key to predicting where the financial crisis will strike next, Daniel Gross writes on Slate: Starbucks’ Internet store locator. “Having a significant Starbucks presence is a pretty significant indicator of the degree of connectedness to the form of highly caffeinated, free-spending capitalism that...

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