For Immediate Release
All Zones
March 10, 1999
For More Information Contact:
Office of Marketing and Communications
219-980-6685

 
Global Market Laws Often Written Behind Closed Doors
The impact of globalization on politics and governance will be the focus of the Fourth Annual International Business Symposium at Indiana University Northwest on March 23.

Sponsored by the university's Division of Business and Economics, Richard C. Longworth, author of The Global Squeeze: the Coming Crisis for First World Nations and international business senior writer for the Chicago Tribune will give a public lecture - The Global Squeeze: Developing Countries and First World Response at 7:30 p.m. in Raintree Hall, Room 102.

Noted for his background and knowledge of globalization and its issues, Longworth will speak on the importance of democratic input as laws for the global market are written. According to Longworth, as global corporations move more activities abroad, the social contract with their home communities is broken.

“New rules and regulations are being written for the global economy,” says Longworth. “But the writing takes place in closed sessions, with no democratic input at all.” He also says that because of these actions, citizens lose the ability to affect economic circumstances of their own lives with voices or votes.

Don Coffin, Dean of the Division of Business and Economics is pleased that the issues of globalization are being brought to the campus and community.

 “Whether we like it or not, we are affected by globalization,” says Coffin. “And although the subject is really interesting and somewhat controversial, we really need to understand the global economy and its effects.”

Longworth agrees that it is necessary for citizens to understand globalization and how it relates to their lives. He also believes that the “solution is not to undo the global economy, nor to drop out of the global market” because neither course is possible or wise. With that in mind, Longworth contends that global market rules and regulations should be written in public - after discussion in the press and Congressional debate.

Joining the Chicago Tribune in 1976 as economics correspondent, financial editor and columnist, Longworth assumed the position of Chief European Correspondent in London where he covered the revolutions in Eastern Europe, the collapse of communism in the former Soviet Union and the moves toward unity of the European community. He was in this position for three years until 1991 when he assumed the senior writer position in Chicago.

Prior to coming to the Chicago Tribune, Longworth served as foreign correspondent for United Press International from 1960 to 1976 while serving as UPI’s chief East European correspondent from 1969 to 1972 and as UPI’s European diplomatic correspondent from 1972 to 1976.

Longworth is a Northwestern University graduate and was a Neiman Fellow at Harvard. He has won the Overseas Press Club Award twice, the Tribune's Beck Award twice, the InterAmerican Press Association Award, the Sidney Hillman Award, the Lowell Thomas Award and every major national award for economic reporting. He is also an adjunct lecturer at Northwestern University, a regular commentator on WBEZ public radio and advisor for Streetwise, a Chicago newspaper for the homeless.

The public lecture is free and open to the public. More information is with IU Northwest Division of Business and Economics at 219-980-6633.


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