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

J. Peter Pham
YaleGlobal
, 14 August 2014
The US is among many nations courting a confident Africa on aid, trade and natural resources
Philippe Legrain
YaleGlobal
, 5 August 2014
Europe fails to deliver opportunity, and a lost generation is in the making
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YaleGlobal
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Asia’s middle classes, poor by US or EU standards, are globalization’s winners
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YaleGlobal
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New World order emerges, one that requires cooperation and ability to build regional ties
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YaleGlobal
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YaleGlobal
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> MORE YALEGLOBAL ARTICLES

In the News

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, 14 August 2014
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The Economist
, 8 August 2014
Interview offers insights on US ties with emerging economies, Russia and China
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Financial Times
, 6 August 2014
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The New York Times
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Public who pays attention is outraged by legal maneuvers
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The Wall Street Journal
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Analysts are scratching their heads
World Bank News
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> MORE IN THE NEWS

More On Economy

COLUMN
India’s universal ID card could lead to social and economic innovations
VIDEO
In an interview with with YaleGlobal editor Nayan Chanda, Dr. Raghuram Rajan, Chief Economic Adviser to the Government of India and former Chief Economist of IMF explains the background of the global economic crisis, mixed US success in containing it, Europe's challenge and background to reforms on FDI and subsidy launched in India in September, 2012.
AUDIO
BOOK REVIEW
Alistair Burnett reviews Edward Luce’s Time to Start Thinking: America and the Spectre of Decline, calling it a stern wake-up call from a friend.
ACADEMIC PAPER
Wage inequality may have little association with economic growth, and reversing it would have little impact on growth