Word: interventionism
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Xstrata is not just writing a check. Freyberg says the company will play a hands-on role in the relocation project. "The wombat is massively endangered," he says. "Without our intervention, this animal would be at serious risk." In November, Freyberg made the trek to Epping, where he had his...
Since World War II—even during the supposed libertarian love-fest and free-market free-for-all of the 1980s—states have invested in their people as well as forsaken integration and cooperation when prudent. Market intervention has always been part of the globalization process. But...
All countries are guilty of self interest, no doubt. Emerging markets have responded to an uneven playing field with their own brand of “economic nationalism.” Indeed, Harvard economics professor Ken Rogoff notes that India’s comparatively “stringent restrictions on...
Economic nationalism and state intervention can be good or bad, smart or dumb, and in the coming years we need to be pragmatic and distinguish. Globalization proponents—especially those who support the phenomenon on the condition that it’s better managed—have nothing to...
But Aitzaz Ahsan, a leading attorney and member of the PPP who opposes Zardari's crackdown, counters that the lawyers are merely fighting for an independent judiciary that will fortify democracy in Pakistan. "We don't want military intervention; we want to strengthen parliament and the democratic system," he told...