In The News

Is America Losing Its Edge?

Adam Segal November 17, 2004
The long-standing pre-eminence of US technology and innovation worldwide may now face a challenge, as the changing face of the global marketplace takes its toll. As US trade and development has expanded overseas, partner nations have taken advantage of this access. Particularly in Asia, nations are making large strides in research and development (R&D) and other scientific technology. Budget...

Spend $150 Billion Per Year to Cure World Poverty

Daphne Eviatar November 7, 2004
In 2000, the United Nations Millennium Summit laid out its ambitious plans for global development, pledging to drastically reduce poverty by 2015. Economist Jeffrey Sachs was one of the leading strategists behind these goals. A former champion of free-trade, Sachs has since adopted an agenda at odds with the economist orthodoxy. Instead of preaching the merits of busting into poor economies with...

Is Putin an Anti-Globalization Hero?

Liliana N. Proskuryakova November 3, 2004
Russian President Vladimir Putin has made few friends within the anti-globalization movement, despite government actions that – on the surface, at least – reflect goals espoused by demonstrators – from Seattle to Genoa. Liliana N. Proskuryakova argues that anti-globalization activists have held their applause, as they believe Putin's inconsistent policies betray a different agenda: His...

Resilience Is Not Forever

Ernesto Zedillo November 1, 2004
The last four years has seen many potential economic shocks: the dot-com bust, terrorist attacks, and corporate scandals. Somehow, amidst the turbulence, the global economy has managed to persevere, relatively unscathed. According to Ernesto Zedillo, director of the Yale Center for the Study of Globalization and former president of Mexico, this resilience is due to a number of factors,...

Time to Prick the Dollar Balloon, Gently

David Dapice October 27, 2004
As the already sizeable US account deficit increases at an astonishing rate, experts continue to debate its consequences. Offering a counterpoint to a previous YaleGlobal article by Hilton Root, economist David Dapice argues that the escalating US debt is not, in fact, innocuous. Asian central banks support over half of the US debt. However, if current trends persist, US needs will be...

Globalization and the Political Future of Nigeria

Sam Ejike Okoye October 15, 2004
Although some may doubt the impact of globalization on the African continent, the recent surge of world oil prices to their highest recorded levels, triggered by the threat of strike in Nigeria may dispel the myth. If levels remain above US$50 per barrel through the coming winter, a worldwide recession is not out of the question, the article says. Today's economic, scientific, environmental...

¿Amenaza el déficit estadounidense la estabilidad financiera mundial?

Hilton Root October 15, 2004