Recent YaleGlobal Articles

Despite exponentially-advancing understanding of economic forces over the 20th century, Adam Smith’s invisible hand continues to elude. In his recently published book none other than former Chairman of the US Federal Reserve Alan Greenspan essentially throws up his hands. Every time a financial...

During the 1980s, Christmas in China was a quiet affair, celebrated only by foreigners, as the atheist Communist Party did not endorse such celebrations. But much has changed for the factory to the world: China not only manufactures about 80 percent of all Christmas paraphernalia, but also...

A US national intelligence estimate – a consensus of 16 intelligence agencies – recently concluded that Iran discontinued its nuclear-weapons program due to “international pressure.” Author and Middle East analyst Dilip Hiro examines the chronology of events and argues that Iran started and ended...

“A snake pit of recrimination and mistrust” is how longtime Middle East diplomatic correspondent Mark Matthews describes Israeli-Palestinian security cooperation, but he might as well include many other snakes in that metaphorical pit – the United States, Iran, Russia, Saudi Arabia, Syria, the...

The reaction to the news that the US Defense Department has decided to send Special Forces trainers to Pakistan’s unruly tribal areas has so far been muted. But the irony of the decision and its long-term implication for the Subcontinent is hard to miss. In the eighties, the US administration...

There is growing opposition in many countries to immigration, viewed by some as costing government treasuries and diluting national cultures. Philippe Legrain, a British economist and former adviser to the director-general of the World Trade Organization, argues that productivity flourishes in...

The United States has long considered Pakistani President-General Pervez Musharraf an essential ally in its war on terror and provides more than $1 billion in annual foreign aid, most of which goes to the military for fighting terrorism. But Pakistan’s constitution prohibits Musharraf, who took...

Many Muslim nations, including Indonesia, Bangladesh and Malaysia, decline diplomatic relations with Israel, and the president of Iran has gone so far as to call for eradication of Israel. Yet refusing to meet with an opponent is not statesmanship. Last August, a visit of Indian Muslims to Israel...

Corrupt states thrive on producing goods and services that are illegal but increasingly profitable in the global world. Due to low costs of transportation, more illegal goods enter middle-class markets. Once criminal groups start controlling an economy, they throw their support behind corrupt...