In The News

Trade and Security Trump Democracy in Burma – Part I

Bertil Lintner October 3, 2007
Burma, called Myanmar by its current rulers, is rich with natural resources, yet one of the poorest nations in Asia. All resources go toward keeping the current regime in power, and the military junta relies on violent repression to stop Buddhist monks and activists marching in protest to seek political and economic reform. This two-part YaleGlobal series analyzes the international response. In...

Towns Rethink Laws Against Illegal Immigrants

Ken Belson October 1, 2007
An anti-immigrant fire has swept the American landscape over the past two years, and immigrants are not the only ones scorched. Laws passed in more than 30 US towns, penalizing anyone who employed or rented to illegal immigrants, sent thousands running and left local businesses empty of customers. The laws, intended in part to eliminate the wage suppression typically associated with large illegal...

Let’s Have a Real Debate on Globalization

Matthew J. Slaughter September 28, 2007
Many workers in the US fear that the United Automobile Workers’ strike against General Motors signals that the domestic auto industry is “losing” at globalization. The strike has ended, but some workers urge the federal government to scale back US involvement in international trade, most notably with emerging markets like China. Economist Matthew Slaughter counters that globalization has netted...

Trading Ritual and Reality

Alan Beattie September 25, 2007
Trade agreements are often contentious, raising heated protests from those fearing job loss and eagerness from businesspeople anticipating record profits. Yet since major reductions in manufacturing tariffs were instituted following World War II, trade agreements have been more about style than substance. The decline in the importance of bilateral and regional treaties can be attributed to the...

Still Hanging On

Satoshi Kambayashi September 24, 2007
American foreign policy may have an independent streak, but the US depends on huge amounts of foreign capital. Despite some recent dire reports, the dollar’s recent decline has been small, considering recent volatility in the markets and tightening of credit worldwide, reports Satoshi Kambayashi. America’s tendency to accumulate debt contributes to the dollar’s dropping value. Kambayashi points...

Japan Sweats It Out as It Wages War on Air Conditioning

Sebastian Moffett September 18, 2007
In August, Japan's three biggest banks joined the ranks of the "Cool Biz" initiative, a movement to reduce energy use and decrease carbon output. "Cool" businesses maintain building temperatures at 82 degrees Fahrenheit. Bank officials discovered that the move was good for both the environment and business. Concerned about global warming, Japanese customers avoid firms...

“Fed, We Have a Problem”

Jeffrey Garten September 12, 2007
Governments with checks and balances are accustomed to internal quarrels over the best ways to solve problems. Such is the case for the US in confronting a sub-prime mortgage crisis that threatens consumer spending, credit availability and jobs around the globe. Firms and investors facing immediate losses from the crisis urge the chairman of the US Federal Reserve System, Ben Bernanke, to lower...