In The News

Dilip Hiro July 12, 2016
India opened to the world in 1991 with its New Economic Policy that embraced economic liberalization and privatization. The policies lifted India’s GDP, but also widened the gap between rich and poor, explains Dilip Hiro, author of 36 books including “The Age of Aspiration: Power, Wealth, and Conflict in Globalizing India.” Services have climbed, contributing to a growing economy boosted by the...
Nayan Chanda July 11, 2016
The British decision to leave the European Union is expected to shrink global economic growth. “This means that the contributions made to the global economy by China, India and other developing economies would become more important than ever,” explains Nayan Chanda, YaleGlobal’s founding editor, in his column for Businessworld. Emerging economies confront enormous challenges, as suggested by the...
Aleydis Nissen July 6, 2016
Critics are harsh on celebrities that launch clothing lines sourced from factories with sweatshop conditions and underpaid workers. Beyoncé launched a sports clothing brand in a joint venture with Topshop. Media reports soon followed with interviews of workers in Sri Lanka complaining about long hours and low pay. “Whether the accusations are true or untrue, it may be argued that a major...
Rebecca Keller June 10, 2016
The many parts of complex machinery are sourced for now from multiple countries. “Over the past century, finished products made in a single country have become increasingly hard to find as globalization – weighted a term as it is – has stretched supply chains to the ends of the Earth,” writes Rebecca Keller for Stratfor. She points out that automation, robotics and computerization will gradually...
Nayan Chanda May 30, 2016
Education, acquiring an ability to combine and apply knowledge and skills, is a driving economic force for the 21st century, suggests India’s Prime Minister Narendra Modi. The country must do more to prepare and employ its citizens, with more than half under the age of 30. “To employ its emerging young population, the country needs to create nearly a million jobs a month,” writes Nayan Chanda,...
Ian Shapiro and Nicholas Strong May 26, 2016
French Foreign Minister Jean-Marc Ayrault invited international leaders to Paris on May 30 to make plans for reviving the Israeli-Palestinian peace process. Peace and economic security go hand in hand. Israel is thriving despite boycotts by some European countries while the economic outlook is dismal for Gaza and the West Bank. “There is little evidence that boycotting Israel will have a...
Thomas L. Friedman April 14, 2016
Thousands of migrants travel the deserts of North Africa, fleeing poverty and conflict, determined to reach Libya and eventually Europe. Many Africans with large families can no longer find work as drought and high temperatures devastate the agriculture industry, explains Thomas Friedman for the New York Times. Smugglers collect migrants from Senegal, Nigeria Chad and other countries, cramming...