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
, 1 September 2015
Stock-market volatility for China and beyond signals reassessment of global risks; investors in transparent markets should not panic
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YaleGlobal
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Investors and economies cling to and strengthen the US dollar, despite many glaring imbalances
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In the News

Chan Akya
Asia Times
, 28 August 2015
Monetary policies may be too loose from countries with aging populations
Marc Jones
Reuters
, 24 August 2015
The slowdown for China was anticipated
Nicholas R. Lardy
China Economic Watch
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Expect volatility as renminbi adjusts to market forces
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The Wall Street Journal
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The move upset export markets, could delay US Federal Reserve’s hike in interest rates
David Chance and Krista Hughes
Reuters
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The US dollar is the world’s leading reserve currency
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The New York Times
, 10 August 2015
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> MORE IN THE NEWS

More On Economy

COLUMN
Infrastructure investment could help ease a slowdown in China’s economy
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