In The News

Berkeley Lovelace Jr. July 14, 2017
Advances in technology continue to reduce the need for many low-skilled positions in the United States, reported Federal Chair Janet Yellen to the House Financial Services Committee. She also targeted a limited form of globalization – outsourcing workplaces and jobs to other countries – for reinforcing the effects of automation along with retailers reducing jobs in response to greater demands by...
Dan Hannan June 12, 2017
Globalization delivers both comfort and pain – represented by a delicious cup of coffee anytime or anywhere in the world or job losses and shuttered factories due to foreign competition. Dan Hannan, capturing themes covered by YaleGlobal Online since 2002, describes how globalization has become a divisive election issue in many countries including the United States, the United Kingdom, France and...
June 12, 2017
Chinese restaurants can be found around the globe, and the cuisine has inspired dishes like General Tsao’s chicken. “The U.S. alone has around 40,000 Chinese restaurants, even more than the sum of McDonald's outlets and KFCs,” notes People’s Daily Online. “Now, business in China has become a main source of profit for KFC, which has started selling soy bean milk, Chinese-style breakfast...
Hervé Machenaud June 7, 2017
Representatives of about 100 nations participated in China’s New Silk Road Forum in May. Some in the West express concerns about the Silk Road initiative and the companion Asian Infrastructure Investment Bank. China has invested in developing its own infrastructure and now hopes to do the same for developing nations while increasing its own expertise spreading good will. The projects have...
Alissa J. Rubin April 24, 2017
French voters selected Emmanuel Macron, an economist and political novice, and Marine Le Pen, a far-right populist who opposes the European Union, to advance to a runoff. Two out of three French voters voted for non-traditional candidates. “Political experts said the vote showed a new, profound cleavage in French politics around globalization, as well as France’s relationship with the European...
Joseph Quinlan April 20, 2017
Much of the world no longer trusts “the unfettered cross-border flows of goods, services, people” of globalization anymore,” explains Joseph Quinlan for Barron’s. “Without access to the world’s resources, capital, and labor, many U.S. firms would be shadows of their current selves in terms of market capitalization and earnings. That would endanger the whole U.S. economy.” Quinlan also expresses...
Arvind Subramanian February 23, 2017
The World Trade Organization, a multilateral trade group with 164 members, has been marginalized in recent years due to increasing preference for bilateral and regional deals, explains Arvind Subramanian, chief economic adviser to the government of India in an essay for Project Syndicate. He points to three developments that could prompt the world to reconsider multilateralism and revive the WTO...