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
, 7 July 2015
Greece is both defiant and desperate; EU leaders wonder if the small economy is worth saving
Will Hickey
YaleGlobal
, 30 June 2015
Amid intense competition and quantitative easing, countries that innovate and reduce bureaucracy will be more influential
Joergen Oerstroem Moeller
YaleGlobal
, 11 June 2015
Nations must tackle root causes of disorderly migration – or expect more economic crises and armed conflict
Stephen S. Roach
YaleGlobal
, 9 June 2015
AIIB’s founding members, led by China, could develop new standards for global governance
Alark Saxena
YaleGlobal
, 2 June 2015
Poverty, weak governance, unchecked urbanization increase Himalaya region’s vulnerability to earthquakes and other natural disasters
Vikram Mansharamani
YaleGlobal
, 20 April 2015
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In the News

Peter Müller and René Pfister
Spiegel Online
, 6 July 2015
Tsipras resents the IMF and other rescuers
Christian Rickens
Spiegel Online International
, 1 July 2015
Leaders throughout Europe must face voters and admit that billions of taxpayer funds have vanished
Paul J. Davies
The Wall Street Journal
, 29 June 2015
Standoff between Greece and European Central Bank batter global markets
James B. Stewart
The New York Times
, 26 June 2015
Greece has many cross-border obligations
Nathan Thompson and Robert Mugah
Foreign Affairs
, 24 June 2015
Brazil’s soft power in Africa hardens to assert influence across the Atlantic and protect natural resources
William G. Gale and Diane Lim
Brookings Institution
, 24 June 2015
Nations may best decide to pay down debt on case-by-case basis
> 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