By Katia Gomez
In 2007, not only was the pharmaceutical industry proclaimed the 3rd most profitable industry of the United States by Fortune Magazine, surpassed only by oil production and the communications industry, but it also earned the title of the 12th fastest growing industry out of a ranking of over 50 others.1 The trajectory that [...]
By Andrew Guichet
The De Beers Diamond Cartel is arguably the most successful cartel in history both in terms of profit and longevity. For nearly 130 years, the cartel has managed to maintain a firm hold on diamond production while at the same time weathering significant changes in the diamond market. With every firm [...]
By Dipan Patel
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Executive Summary:
In a nation where the cost of healthcare is unaffordable for 80% of the population, public health policy must be restructured to be inclusive of the latest business and technological advancements. In India’s tech capital, Bangalore, Narayana Hrudayalaya (NH) care centers have devised dynamic innovations that have allowed for the very poorest [...]
A Systematic Threat to Globalization Efforts
By Melissa L. Barnhart
Economic globalization refers to the integration of the developing and developed world through the increased flow of goods and services, capital, and labor. Though wide and varied in its processes, the great hope of globalization is commonly understood: that it will raise living standards throughout the world.1 [...]
The Economic Benefits of Fair Trade
By Apratim Ghosh
The Fair Trade program is a form of international trade whose general goal is to provide a balanced set of economic gains for producers and consumers. Its primary concern is to aid small producers of commodity exports from developing countries that have been marginalized by the current trading [...]
How Current WTO Practices Reduce Efficiency and Knowledge Exchange
By Rita Kreig
Globalization has been called the “compression of the world” (Grieg, Hulme, Turner p. 169), and is characterized by the sharing and movement of both physical and intellectual property across state borders, in a manner that is meant to stimulate international interaction and cooperation. Like [...]
How Self-Regulated Chinese Businesses May Point the Way Forward
By Dipan Patel
According to Stiglitz, the phenomenon of globalization broadly describes changes in the realms of “the international flow of ideas and knowledge, the sharing of cultures, global civil society, and the global environmental movement” (Stiglitz 4). Perhaps beginning before European explorers set sail across the [...]
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THE VIEWS EXPRESSED ARE THE AUTHOR'S OWN AND DO NOT NECESSARILY REPRESENT THE VIEWS OF PROSPECT.
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