Economy

The global economy thrives on globalization and the increasing interdependence of finance, production, consumption and trade. Such integration has reduced poverty, yet varying national policies along with ever-increasing speed of transactions and market news have also contributed to imbalances, both among nations and within. Regulations often do not keep pace in managing cross-border debt, foreign direct investment, corporate practices, tax codes or economic bubbles. The eurozone crisis and the US subprime mortgage crisis have demonstrated that one nation’s problems and panic can spread like wildfire. Nations must combine a competitive spirit with cooperation to achieve stable economic growth and sustainable prosperity.

Recently in YaleGlobal

Vikram Mansharamani
YaleGlobal
, 20 April 2015
Canadians are caught in a new ‘subprime’ style property crisis and collapsing crude oil prices
Chris Miller
YaleGlobal
, 16 April 2015
Stalemate on Greece: Fearing voters’ wrath, European leaders lack courage for a deal on austerity and bailouts
Anastasia Okorochkova
YaleGlobal
, 14 April 2015
Hard times combined with falling oil prices could encourage Russia to lead in sustainability
Will Hickey
YaleGlobal
, 9 April 2015
China’s AIIB could be source of sour grapes or valid concerns on standards for US and Japan
Will Hickey
YaleGlobal
, 3 March 2015
Global investors follow every move of central banks, trading currency – steady hands are needed
Edward J. Lincoln
YaleGlobal
, 10 February 2015
Quantitative easing has eased Japanese deflation, but Abenomics stumbles on stimulus and reforms
> MORE YALEGLOBAL ARTICLES

In the News

The Asia Sentinel
, 24 April 2015
Businesses fear the government is retreating from globalization
Matt Phillips
Quartz
, 16 April 2015
Someone must spend to nudge the world's economy
Anna Yukhananov
Reuters
, 15 April 2015
Growth is expected for Europe and Japan, but not the US and China
Richard Javad Heydarian
Al Jazeera
, 13 April 2015
US allies sign up for AIIB, signaling China’s emergence as economic pivot
Gideon Rachman
Financial Times
, 7 April 2015
Anticipating a rising China, British policymakers may be moving too quickly
John Cassidy
The New Yorker
, 6 April 2015
Singapore's politics and economy may still be evolving
> MORE IN THE NEWS

More On Economy

COLUMN
Enduring policies could emerge after India invites Obama to famed Republic Day parade
VIDEO
Kenya’s former Prime Minister Raila Odinga discusses how healthcare, education and economics should play a role in how Africans accelerate their development. This video is part of the Yale Global Perspectives series. To learn more about Yale and the World, visit world.yale.edu.
AUDIO
BOOK REVIEW
ACADEMIC PAPER
Wage inequality may have little association with economic growth, and reversing it would have little impact on growth