Reports:	An Editors' Note: The New Globalized Economy Naeem Mohaiemen & Nirav S. Desai Guest Editor Naeem Mohaiemen and Editor-in-Chief of The Subcontinental Nirav S. Desai explain why included pieces were included and why globalization is of particular importance to the South Asian American community.     A Conversation with Walden Bello on FDI and Privatization Inverview by Naeem Mohaiemen Guest Editor Naeem Mohaiemen interviews Director of Focus on the Global South and Greenpeace-Southeast Asia chairman Walden Bello on foreign direct investment in developing nations.     A Photo-Essay: Outsourcing Jobs, Blending Cultures David H. Wells Award-winning photojournalist, David H. Wells, presents a captivating set of immages that help illustrate how globalization is influencing both American and Indian society.
Essays:	Iowa is Not Far from Telengana Sripad Motiram, Vamsi Vakulabharaman, & Vijay Prashad Taken from their recent report, economists Sripad Motiram and Vamsi Vakulabharaman, working with accomplished political scientist Vijay Prashad, draw striking comparisons between farm subsidies in the U.S. and India. They also predict the recent upset of the BJP in recent Indian elections.     Anatomy of a Recession: The Story of the Bangladeshi Garment Industry Zahin Hasan Bangladeshi businessman Zahin Hasan explains the conditions and prospects for the Bangladeshi garment industry. He comments on the effects of Western protests on the industry and working conditions.     Blue Gold: The Battle Over Water Privatization Maude Barlow & Tony Clarke Canadian experts Maude Barlow and Tony Clarke warn that as growth continues, control of water resources is going to become increasingly important. They analyze the effects privatization will have on these issues.     Socially Responsible Investing: The Evolution of Capitalism Stephan Quenneville Monteal-based consultant, Stephan Quenneville, explores a new trend in investing following the market failures of Enron and Arthur Andersen, social responsible investing.
Articles:	Of Patents and Patients: Giving AIDS Patients the Right to Treatment Shaffiq Essajee As the AIDS epidemic continues to grow, Indian drug companies have taken on Western pharma-leaders to help provide cheap generic HIV cocktails to the world's poor. Dr. Essajee parlays his personal experience as a physician in Kenya.     Point: Outsourcing is Invevitable Naeem Mohaiemen Naeem Mohaiemen argues that outsourcing is fair and bound to continue. As such he favors policies that neither promote outsourcing nor restrict outsourcing.     Counterpoint: The Search for the Cheapest Programming Paul Ford NPR contributor Paul Ford argues that outsourcing unfairly takes jobs from Americans and advocates policies that restrict further job migration.
Book Review:	In Defense of Globalization by Jagdish Bhagwati Ramya M. Vijaya Ramya Vijaya reviews renown economist Jagdish Bhagwati's newest book which defends international trade organiations and the globalizing of the world economy.