In The News

Globalization of Energy Demand

June 18, 2010
In an interview with Nayan Chanda, Editor of YaleGlobal Online, Daniel Yergin, one of the world’s leading experts on energy, discusses the future of dependence on oil and a push towards efficiency. He also talks about the “globalization of demand”, in which he states that the success of globalization, notably demonstrated by rapidly rising incomes in, for example, China and India, is reflected in...

As Growth in US Slows, Wal-Mart Puts More Emphasis on Foreign Stores

Ylan Q. Mui June 10, 2010
Wal-Mart, the world’s largest retailer, pursues ambitious foreign expansion to make up for lagging sales in the United States. While no single country could replace the US in terms of consumer power, developing nations are poised for economic growth. Wal-Mart caters to newly-empowered consumers in emerging economies, a business model much like the firm’s “early strategy of building stores in a...

The Hub Nation

April 28, 2010
The US attracts one of the highest rates of immigrants in the world and this trend has important benefits for the country. Immigrants are tied to networks with their own countrymen, which facilitates economic growth. While modern technology allows for instantaneous global communication, it is often only immigrants who know the right people to call. They have pre-established trust relationships,...

For India, US Health Care a Sea of Opportunity

Taylor Barnes April 26, 2010
India’s outsourcers are preparing to develop their next business sector from the United State’s health care reform by covering its administrative and technological needs. A demand for lower administrative expenses and treatment of more patients for every dollar requires low cost labor that comes from outsourcing. Since there are no regulations limiting personal medical data from leaving the US,...

Debt and Unemployment: Is Global Capitalism Responsible? – Part I

Jeffrey E. Garten April 23, 2010
Global capital markets have been footloose and fancy free since the 1980s, boosted by rapid globalization in transportation, communication and technology industries. Prowling for profits, investors leap boundaries in an instant, manipulating growth, jobs and industries. In this series, two economists explore global capitalism’s growing reach that defies even the world’s greatest economic power....

Beijing Is Key to Creating More U.S. Jobs

C. Fred Bergsten April 22, 2010
By artificially setting the price of its currency, China is robbing the United States of jobs and building up an unprecedented trade surplus. Former Treasury official Bergsten says that currency manipulation is a form of protectionism and the US and global institutions need to respond because it is a problem that affects economies around the world. He calls for a three-pronged strategy: the US...

Do the Awakening Giants Have Feet of Clay? – Part I

Pranab Bardhan April 19, 2010
China and India have made impressive strides in recent decades, expanding their economies and middle classes. This two-part series examines and tests the claims made by economist Pranab Bardhan in his book “Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India.” In the book, Bardhan points out that while the two nations have lifted millions out of poverty, both continue...