Man vs. markets

Article Abstract:

Most countries wholeheartedly agree to the formation of an integrated financial market for the world. Certain indications such as the setting up of simultaneous stock exchanges in various countries prove that global integration is not far off. However, some experts point out that total financial integration is almost impossible given the protective nature of today's governments. Furthermore, the impossibility of a single global market is compounded by the fact that human nature, unlike money, is non-factorable.

Analysis, International economic integration, Economic integration

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They pledge allegiance: Asians in the U.S. seek citizenship's shelter in droves

Article Abstract:

A series of efforts in the US to restrict immigration and mitigate its effects have resulted in a surge in applications for citizenship, especially among longtime legal Asian-born residents. Proposed changes include abolishing affirmative action programs, barring illegal aliens from getting most public benefits, withholding them from legal immigrants, and limiting immigration by members of US citizens' extended families. Some of these efforts could actually help Asians living in the US.

United States, Political activity, Demographic aspects, Asians, Asians in the United States, Citizenship

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Paradise lost: Friedman predicts China will scrap Hong Kong dollar

Article Abstract:

Economist Milton Friedman believes that China's yuan will absorb the Hong Kong dollar after the 1997 reunification of China and Hong Kong. China cannot endorse the current policy of the Hong Kong dollar being tied to the US dollar and the convergence will give Beijing access to Hong Kong's foreign reserves worth $43 billion. While not economists agree with Friedman, there is a wide spread belief that it is not realistic to expect one country to have two economic systems.

Economic aspects, Beliefs, opinions and attitudes, Hong Kong, Hong Kong-China reunification question, Friedman, Milton

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