In The News

Nayan Chanda November 27, 2018
Intellectual property theft is the heart of the trade war between the United States and China. “While ramping up tariffs on products gets headlines, the US has quietly stepped up its counter-intelligence and law-enforcement machinery to foil Beijing’s multi-directional espionage efforts aimed at challenging US hegemony,” explains Nayan Chanda, founding editor of YaleGlobal Online, in his column...
November 20, 2018
Great Britain has reached a draft agreement on how it will proceed in exiting its European Union membership. Key players are unhappy, and the Irish – both the nation and Northern Ireland – quarrel whether no deal actually means a hard border. WTO rules require border checks between different customs rules. The British argue for a “better agreement,” too, with numerous disagreements about more or...
October 27, 2018
The United States under Donald Trump has unleashed a protectionist agenda and that is pushing Asian economies closer together – including China and Japan, two bitter foes before and during World War II. “Tokyo and Beijing have long been at odds over past military confrontations and present territorial disputes,” reports BBC News, but now Asia’s two largest economies are aiming for more trade,...
Leslie Hook and John Reed October 26, 2018
Increases in online shopping combined with China’s ban on many plastic and other waste imports as of this year disrupted the global recycling industry, increasing costs and leaving piles of trash in communities and ports. The $200 billion industry processes more than 270 million tons of waste each year into new products – clothing, construction materials and more as described in a 2016 YaleGlobal...
Nouriel Roubini October 25, 2018
The bubble has burst for Bitcoin and other cryptocurrencies, and economist Nouriel Roubini argues that such techno-currencies and the related blockchain distributed ledger software are over-hyped and not useful. He insists that investors find more security holding real money widely recognized by governments. “In practice, blockchain is nothing more than a glorified spreadsheet,” Roubini writes...
Tom Miles October 24, 2018
The World Trade Organization plans reforms after the United States has blocked appointments and threatened withdrawal. “At stake is the effectiveness - even the survival - of a key stabilizing force in the global economy,” reports Tom Miles for Reuters. “Since its founding in 1995, the WTO has stopped governments from arbitrarily raising trade barriers and disrupting the flow of goods.” The WTO...
Joseph Goldstein October 22, 2018
A 26-year-old Kenyan working for a Chinese motorcycle company in Ruiru recorded a viral video of his Chinese manager airing frustration after a business deal had gone awry, comparing Kenyans to monkies. After the video drew widespread condemnation, Liu was deported back to China. Such incidents are not a rare occurrence. “Today, many younger Kenyans say that racism is a phenomenon they largely...