Covering Globalization: A Handbook for Reporters

CONTENTS

Acknowledgments

1. The Importance of Critical Thinking

JOSEPH E. STIGLITZ AND ANYA SCHIFFRIN

PART 1. CAPITAL MARKETS

2. Capital Markets

CATHERINE MCKINLEY

SIDEBAR: PYRAMID SCHEMES

3. Foreign Exchange Markets and Foreign Exchange Crises

4. Covering Central Banks

MARJORIE OLSTER

5. Capital Controls

SIDEBAR: THE IMF AND CAPITAL-ACCOUNT LIBERALIZATION

6. Dollarization

SIDEBAR: ECUADOR AND THE DOLLAR

SIDEBAR: HOW DERIVATIVES MARKETS WORK

PART 2. BANKING AND MACROECONOMICS

9. Banking Crises: Causes and Solutions

SIDEBAR: INDONESIA—A BANKING CRISIS

GRÁINNE MCCARTHY

10. Sovereign Debt Crises

11. Debt Relief and HIPC

SIDEBAR: HIPC IN ZAMBIA

SHANTHA BLOEMEN

12. Assessing Sovereign Risk

GRACIANA DEL CASTILLO

13. Pension Reform

PHILLIP LONGMAN

SIDEBAR: RUSSIAN PENSION REFORM

PART 3. CORPORATE REPORTING

14. Foreign Direct Investment

SIDEBAR: POLAND

15. Privatization

SIDEBAR: BREAKING THE BANK—BANKING PRIVATIZATION IN THE CZECH REPUBLIC

16. Corporate Governance

HOWARD I. GOLDEN

KRISTIN HUCKSHORN

SIDEBAR: NIKE AND VIETNAM—A LABOR CASE STUDY

KRISTIN HUCKSHORN

SIDEBAR: CODES OF CONDUCT AND THE RISE OF CORPORATE RESPONSIBILITY

JANE M. FOLPE AND HERBERT K. FOLPE

19. Money Laundering

PART 4. TRADE AND COMMODITIES

20. International Trade

NICHOLAS ROSEN AND HELEN CAMPBELL

SIDEBAR: CAMBODIA—AN ATTEMPT TO IMPROVE WORKING CONDITIONS

SHERIDAN PRASSO

21. Commodities Markets

22. Oil and Development

SIDEBAR: RENT AND PROFIT

23. Poverty Reduction

PART 5. REPORTING AND WRITING

24. Covering the World Bank

25. Internet Reporting

26. Writing Tips

List of Contributors