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

Marc Grossman
YaleGlobal
, 15 November 2016
China-US collaboration on infrastructure projects in Asia could reduce extremism, improve relations and help companies
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YaleGlobal
, 27 October 2016
Fear of trade overlooks that most value creation in advanced economies is based on services, not manufacturing
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YaleGlobal
, 11 October 2016
With growing global population and urbanization comes more waste; governments, companies hunt for sustainable solutions
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YaleGlobal
, 18 August 2016
Britain moves slowly on EU exit – every new freedom negotiated will decrease access to the common market
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YaleGlobal
, 26 July 2016
The India Stack – connecting bank accounts, unique ID numbers and mobile phones – will deliver massive productivity in services
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YaleGlobal
, 12 July 2016
India joined global markets with its 1991 New Economic Policy, lifting GDP, but the income gap widened
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In the News

People’s Daily Online
, 14 November 2016
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Project Syndicate
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The Wall Street Journal
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Reuters
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Financial Times
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