In The News

A World Without Borders Makes Economic Sense

Michael A. Clemens September 16, 2011
Many of the world’s economies are still suffering due to the global economic crisis, and policymakers search for an elusive magic bullet. Michael A Clemens, writing for the Guardian, offers one possibility: increasing international migration. He describes the manmade barriers to economic mobility as the “single-biggest drag on the beleaguered economy,” and claims that even minor relaxation of...

Bridges to Somewhere

Justin Yifu Lin September 15, 2011
Following the financial crisis of 2008, the developed world still faces weak growth prospects and dim employment forecasts, and leaders in the US and Europe urge debt reduction. In this Foreign Policy article, Justin Yifu Lin of the World Bank makes a strong case for global infrastructure initiative, encouraging developed countries to invest billions of dollars on infrastructure projects at home...

India Measures Itself Against a China That Doesn’t Notice

Vikas Bajaj September 6, 2011
India is in a race, comparing the pace of its economic development not with Western economic powers but with its neighbor, China, writes Vikas Bajaj for the New York Times. Comparisons on infrastructure, universities and armed forces are a constant feature in India's newspapers. But China does not share the same obsession, instead setting sights on surpassing the largest economy, that of the...

India’s Anti-Corruption Movement Wins – For Now

Ashok Malik September 1, 2011
Anna Hazare organized his public fast in New Delhi to strengthen anti-corruption legislation that was already winding its way through India’s parliament. Widespread public support, in particular among the middle class and youth, attracted immediate global attention and stunned India’s political establishment. After 12 days, the government capitulated, and Hazare ended the fast. But India’s...

Saving the Environment for 9 Billion – II

Chandran Nair August 30, 2011
Those who care about the life of future generations recognize that today’s unbridled economic growth is unsustainable, and the world must prepare for 9 billion inhabitants by 2050, contends Chandran Nair in the second article of a two-part YaleGlobal series. Asia cannot afford to mimic the American lifestyle and would be wise to ignore western encouragement for greater consumption in pursuit of...

Top Indian Technology Firms TCS, Infosys, Wipro, Aegis and Others in US Are Going for Local Hiring

Shruti Sabharwal August 22, 2011
Indian IT firms are seeking to employ more Americans as a result of the high US unemployment rate and criticism of outsourcing. “In response, IT firms are now pulling out all the stops to be seen as job creators with a stake in local economies,” writes Shruti Sabharwal for the Economic Times. Sensitive to charges of stealing jobs, the Indian firms have joined a number of US initiatives: Wipro...

Water Challenges Asia’s Rising Powers – Part I

Keith Schneider July 12, 2011
Scarcity of water increasingly challenges economic growth of India and China. Water’s role in economic development is taken for granted, yet for running the growth engine it’s as precious a commodity as fossil fuels. This YaleGlobal series examines strategies for negotiating demands among competing industries. Conflicts over water could disrupt China’s steady economic progress, argues journalist...