Markets around the globe analyze and quantify risk. But governance and politics present too much uncertainty, and investors are increasingly troubled by governments’ inability to address pressing problems and coordinate responses to problems including climate change, massive debt of any one country...
全球各地的市场对风险进行分析和量化，但各国的治理方式与政治却给市场带来太多的不确定因素。各国政府无力应付紧迫的问题，不能协调地对包括气候变化、任何一国的巨额债务以及其他失衡现象在内的问题作出回应，使投资者日益感到忧虑。由于各国之间在劳动力、资本、环境、交通和贸易方面存在着的不计其数的相互联系，在任何全球性问题上的应对不力所造成的后果有可能迅速蔓延开来。“我们的政治领导人需要勇气，对经济和社会的发展计划、以及臃肿的官僚机构进行大胆革新，更毋庸说处理来自忿忿不平的民众的政治压力”，耶鲁大学教授杰弗里•加藤（Jeffrey E. Garten）写道：“此外，国际协作的力度也需大幅提高。”与此同时，...
There was time when the US dominated daytime television programming with soap operas designed for housewives. Spanning decades, television producers and storylines kept up with social themes, like AIDS or racism, but did not adjust to changing US demographics or work patterns. Directors in Mexico,...
North Korea – impoverished and isolated – depends on others for basic needs and lashes out with a series of provocations, most targeting economically vibrant South Korea. The most recent was the March 26 firing of a torpedo at the ROK Navy corvette Cheonan in disputed waters; 46 crew members died....
The Treaty on the Non-Proliferation of Nuclear Weapons allows non-nuclear nations to engage in scientific research on using nuclear power for peaceful purposes. States cannot engage in the transfer of nuclear material without safeguards, and non-nuclear states agree to accept safeguards and...
Citizens around the globe understandably want to honor and protect their culture, expressed through language, food and art, from “foreign” influence – although such influences were often essential in creating traditions. The second article of this two-part series examines Italy’s battle against...
Politicians try to rile or sooth citizens as needed with a few select details of globalization. Yet with the speed and far-reaching nature of modern trade, travel and communication, these attempts to corral bits and pieces of globalization are futile. A savvy public – young or old – comes to...
Smart investors recognize that cheap oil won’t last forever and emerging green technologies could revolutionize everyday business as much as computers did. As with any new technology, nations compete to perfect and produce new products for the world, making lots of money along the way, explains...
Many economists and policy analysts maintain that resolving huge trade imbalances is easy – the Chinese government should just let the renminbi appreciate. But that quick fix won’t do much, contends Zhiwu Chen, professor of finance with the Yale School of Management. Revaluing the renminbi would...
Natural disasters are as old as the planet, but new technologies are making a difference. Social-media networks that thrive on cell phones, other mobile devices and the internet – including Twitter, Facebook, MySpace, YouTube and more – have reduced the waiting time for news, relief and fundraising...
Internal divisions can endanger any union more than external threats. Mistrust – a lack of shared basic values or vision – can decimate cooperation, explains Jean-Pierre Lehmann, professor of political economy, in the second article of a two-part series analyzing the Greek debt crisis. Lehmann...
Membership in the 16-nation euro zone was supposed to boost Europe’s wealth – but the debt crisis in Greece reveals how a weak link in the chain could also risk spreading misery. Deeming Greece, a nation of 10 million, “too big to fail,” EU members scramble to put together a bailout package....
