In The News

Is the US Ready To Be Number Two?

Kishore Mahbubani February 11, 2013
In 1980, the US economy was more than 10 times larger than China’s, yet by 2017, China with its rapid growth could have the largest share of global GDP, more than 18 percent, according to International Monetary Fund projections. US leaders have not prepared their citizens for this “great convergence,” suggests Kishore Mahbubani, author and dean of Lee Kuan Yew School of Public Policy. Still, much...

How Chinese Economic Policy Could Save Club Med Countries

Mohnish Pabrai January 7, 2013
Deep in debt, desperate to borrow for reduced daily operations, Mediterranean countries contemplate unloading valuable properties. Instead of selling desirable properties, investor Mohnish Pabrai urges Greece, Spain and Italy to create special economic zones that bypass stringent national labor regulations and lease these properties to skilled managers who could then hire millions of unemployed,...

Governance Falls Behind Globalization

Ernesto Zedillo December 3, 2012
Many in the world point to the need for mechanisms to monitor and control globalization, particularly after a decade when debt crises in one country spread quickly around the globe. Yet as economic interdependence continues to build, governance is not keeping pace. Ernesto Zedillo is director of the Yale Center for the Study of Globalization, and as YaleGlobal Online marks its 10th anniversary,...

Singh Doubles Down on Reform

Ashok Malik September 21, 2012
In a surprising move, India’s coalition government is allowing states to decide if they want foreign direct investment in the retail sector, opening a door for giant stores like Walmart and Tesco. Prime Minister Manmohan Singh tried a similar move last year, but pulled back in the face of huge protests. Economic slowdown in India pushed the government to pounce again despite a nationwide protest...

US Economy – Muscular or Obese?

David Dapice August 16, 2012
The US, with great potential for economic growth, still could rescue the dragging global economy – the country’s energy development, agricultural output, steady labor force, and education programs all offer promise. But the US has immediate challenges, argues economist David Dapice, including rising inequality and high youth unemployment rates. Young workers often bring innovations to workplaces...

7 Reasons to Expect US Manufacturing Resurgence

Farok J. Contractor August 7, 2012
The US may be a service economy, but it’s still the world’s largest manufacturer. There are many reasons to remain bullish on US manufacturing and the American worker, suggests Farok Contractor, professor of management and global business at Rutgers Business School. US firms invest in high-tech equipment, and the US worker is tops in adding value per hour on products. Recent economic difficulties...

Emerging Economies – Rich And Confident

Bruce Stokes July 12, 2012
The emerging economies account for an increasing share of the globe’s billionaires. But widespread public attitudes can wield far more influence over an economy than the wealth of a few hundred people, suggests Bruce Stokes, director of Global Economic Attitudes at the Pew Research Center in Washington. While people polled in the US and Europe are pessimistic about their future prospects,...