A Global Retreat As Economies Dry Up

As World Trade Plummets, Bustling Ports Stand Idle And Foreign Workers Track Back Home

Singapore is an epicenter of what analysts call a new flow of reverse migration away from hard-hit, globalized economies, including Dubai and Britain, that were once beacons for foreign labor. Economists from Credit Suisse predict an exodus of 200,000 foreigners -- or one in every 15 workers here -- by the end of 2010. Full Story »

Posted by Kaizar Campwala
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Posted by: Posted by Kaizar Campwala - Mar 4, 2009 - 11:41 PM PST
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Edited by: Kaizar Campwala - Mar 4, 2009 - 11:41 PM PST

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Kaizar Campwala
4.5
by Kaizar Campwala - Mar. 4, 2009

Presents the effects of deglobalization on sweat shop labors and the soveriegn wealth fund of Singapore, this excellent piece paints a vivid, frightening picture of how badly the global economic crisis is hitting migrant workers the cities they had moved to.

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