Business and Finance examines current trends in the global economy. Contributions to this section have included analyses of global trade agreements, assessments of regional financial scenarios, and prescriptions for the economics of development. The Journal frequently publishes interviews with high-profile business leaders to elucidate the corporate strategies and ambitions that affect global markets.

Offshoring in Perspective

By Diana Farrell

Rather than destroying jobs, offshoring is unlocking tremendous long-term economic value around the world. Outsourcing jobs abroad can help keep companies profitable, thereby preserving jobs. It can also generate substantial cost savings, which in turn can be used to lower prices and offer consumers new and better services. By raising productivity, offshoring enables companies to invest more in the next-generation technologies and business ideas that create new jobs. more...

Driving China: The New Automotive Frontier

Interview with Troy E. Clarke and Mei Wei Cheng

For years, American companies have salivated over the prospect of entering Chinese markets. The automotive industry has proven no exception. Over the past fifteen years, American and European automotive companies have rushed headlong into the Chinese automobile market in search of new profits. Though most major automotive companies now operate in the country, this fervor has not abated. more...