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

David Dapice
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
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YaleGlobal
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YaleGlobal
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In the News

Denis MacShane
Independent
, 19 August 2016
The right time for triggering Article 50 and Brexit may never come
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, 16 August 2016
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The New York Times
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Caixin
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Project Syndicate
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The problem has multiple sources and no easy solutions
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More On Politics

COLUMN
Protectionist mood in advanced economies may nudge emerging economies to develop their own service markets
VIDEO
Professor Mekonnen Haddis, chief advisor to Ethiopia’s Minister of Foreign Affairs, shares Ethiopia’s networked approach to foreign policy with regards to its neighbors in East Africa. This video is part of the Yale Global Perspectives series. To learn more about Yale and the world, visit world.yale.edu.
ACADEMIC PAPER
Income inequality has grown in over three quarters of OECD countries and in many emerging economies