In The News

Economic Crisis Could Push Reform in China

Zhiwu Chen November 12, 2008
Economic crisis can be a time of opportunity, particularly if political leaders are savvy enough to use the down period to introduce needed reforms. Zhiwu Chen, finance professor with the Yale School Management, offers such a blueprint for China. An economic stimulus package announced this week by the Chinese government, aimed at building infrastructure, is only a first step. Chen also urges the...

The World Looks to Obama – Part I

Bruce Stokes November 5, 2008
Tackling global challenges is nearly impossible when the world’s sole superpower – the largest economy, the largest user of energy, the most powerful nation technologically – does not pitch in. A YaleGlobal series analyzes foreign reaction to the US election and explores how President-elect Barack Hussein Obama is likely to respond to the global expectations from his presidency. In the first...

As China's Losses Mount, Confidence Turns to Fear

Ariana Eunjung Cha November 5, 2008
A global credit crisis has prompted consumers worldwide to slow spending, leading to shuttered factories in China. Leaders of China, like those throughout the world, worry that economic crisis could trigger political instability and demands for change. Growth in the domestic national product, whiles till approaching 10 percent, has been slow by Chinese standards. The government has acted...

The Global Financial Crisis: Lessons for the United States and China

Albert Keidel November 3, 2008
Some analysts in emerging economies make the mistake of assuming that the current global financial crisis reveals weaknesses in the political and economic systems of scientifically and economically advanced nations, notes Albert Keidel, senior associate with the Carnegie Endowment for International Peace. Such systems are works in progress, and crises that emerge from mistakes, bubbles, the lack...

Financial Crisis Belies Myth of US Independence

Edward Goldberg October 30, 2008
Countries make the mistake of assuming that they can pick their way through globalization – that they can block products from other countries yet sell in those markets, or set rules for others to follow while intending to ignore those same rules at home. No community or country, as economic units, can escape financial decisions made thousands of miles away, argues Edward Goldberg, international...

Globalization and the New Nationalism Collide

Philip Stephens October 29, 2008
The global financial crisis has exposed mutual interdependence and the need for multilateral rules. Leaders like Gordon Brown, Nicolas Sarkozy and George Bush plan international meetings, including leaders from emerging economies, and talk of the need for international regulations. Contradicting the internationalist spirit is nationalistic talk – opposition to foreign investment, immigration or...

Missing Links: After the Fall

Moisés Naím October 27, 2008
The attacks of 9/11 were a watershed event in the institutional makeup of US and global security institutions. The push for rejecting old, seemingly outdated frameworks, explains Foreign Policy editor Moisés Naím, helped lead to the Iraq War, in addition to "the Guantánamo Bay prison, the erosion of civil liberties, disdain for the Geneva Conventions, and the belittling of mechanisms...