The global financial crisis that has devastated the world economy has spawned a growing literature on its causes. In part one of our two-part series, World Bank economist and Carnegie Endowment scholar Branko Milanovic argues that while analysts can quibble over the contributing factors to the...
The Framework Convention on Climate Change set to meet in Copenhagen in December 2009 could be a lame duck session if the US is not ready to meet international targets, according to environmental economist Scott Barrett. The chances of the US Congress agreeing on climate change targets prior to the...
While the world waits for China to flex its economic muscle to ease the crisis, China’s exposure to the US dollar is a bigger issue with which the country has to contend. According to China scholar Wenran Jiang, Beijing is already taking significant steps to rectify this situation. Nonetheless,...
After a threat by rioting protesters led to the cancellation of the Asean – Association of Southeast Asian Nations – Summit, there have been fresh concerns about the relevance of the regional grouping. But Simon Tay, chairman of the Singapore Institute of International Affairs, argues that despite...
Though commentators were expecting China to approach the G-20 as an Asian Goliath, what they got instead was the traditional cautious dragon. As Asia specialist François Godement argues, such reticence to playing a bigger part on the global stage should not come as a surprise. But that...
Former President Bush made a grave error when casting the “war on terror” as a “crusade,” according to Reza Aslan, author of “How to Win a Cosmic War: God, Globalization, and the End of the War on Terror.” By relying on distinctively religious rhetoric, Bush played into the jihadists' hands:...
In the past, adversarial competition and in-house design and production typified the climate and model for business success. Today, that climate has changed, according to management professor Farok Contractor. Cooperation and networks are the new tools for success in the global economy for a whole...
At the G-20 meeting and subsequent media commentaries, focus has been on the travails of the European Union. But Eastern Europe is often lost sight of in the expression of cautious optimism about the EU economy weathering the storm. The former Soviet bloc countries, cautions analyst Katinka Barysch...
President Obama faces two equally unpleasant alternatives if he wants to defeat Al Qaeda, according to Haider Mullick, Senior Fellow at the US Joint Special Operations University in this second part of a two part series on Obama’s Afghanistan-Pakistan Quandary. These alternatives are: help bolster...
During the long election campaign, then candidate Barack Obama criticized President George W. Bush for dropping the ball in Afghanistan to devote military resources to Iraq. Now President Obama is trying to find the right course in Afghanistan. In the first of this two part YaleGlobal series,...
Underneath friendly competition between the US and China lurks the potential for instability and conflict. Yet, this scenario presents countries like South Korea not only with the chance to mediate between the two powers and play a larger role on the world stage, but also with the challenge of...
The recent G-20 summit was significant not only as a representation of how globalized the world has become – China, India, Brazil, Saudi Arabia, and other developing countries sat down with the US, the EU, and Japan – but also that there was sufficient agreement to plan a further meeting. But, as...
Contrary to common perception, the swift and coordinated international response to piracy off Somalia’s coast has been less of a success than reports make it out to be. In fact, it masks deeper problems of unfairness in international economic order and local governance. Somalia’s pirates are a...
In the third part of our series on the G-20 and the Future of Capitalism, Berkeley economics professor Pranab Bardhan suggests perhaps much to the chagrin of its naysayers, capitalism is here to stay. But chastened by the crisis, it is likely to take on a much milder form. Financial asset growth...
At a time when the EU needs to present a united voice if not in policy, at least in speech, at the G-20 summit, the union is in chaos. In the second article of this three-part series on the G-20 Summit and the Future of Capitalism, professor of International Political Economy, Jean-Pierre Lehmann...
The world’s eye will be on the summit of the Group of 20 meeting in London on April 2. As the member nations – from Argentina to the United States – represent 80 percent of world trade, their decision will have an immediate and direct bearing on the global economic recession roiling the world....
