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.

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In the News

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More On Economy

COLUMN
Good governance is required to ensure fair distribution of globalization’s benefits
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