In The News

CNBC: Technology and Globalization Are Eliminating the Middle Class

Berkeley Lovelace Jr. July 14, 2017
Advances in technology continue to reduce the need for many low-skilled positions in the United States, reported Federal Chair Janet Yellen to the House Financial Services Committee. She also targeted a limited form of globalization – outsourcing workplaces and jobs to other countries – for reinforcing the effects of automation along with retailers reducing jobs in response to greater demands by...

Harvard Business Review: Calculating the Cost of Letting Climate Change Happen

Dante Disparte June 21, 2017
Climate change is already contributing to economic consequences, and policies that prevent flooding, drought, rising temperatures and other risks offer economic opportunity, argues Dante Disparte for Harvard Business Review. He adds that more than $2 trillion in economic output could be at risk over the next decade. “Military leaders in both the [United States and the United Kingdom] have argued...

Washington Examiner: Good Globalization and Bad Globalization

Dan Hannan June 12, 2017
Globalization delivers both comfort and pain – represented by a delicious cup of coffee anytime or anywhere in the world or job losses and shuttered factories due to foreign competition. Dan Hannan, capturing themes covered by YaleGlobal Online since 2002, describes how globalization has become a divisive election issue in many countries including the United States, the United Kingdom, France and...

Reuters: Iranians Deliver Emphatic Victory for Rouhani

Parisa Hafezi and Babak Dehghanpisheh May 20, 2017
Iranian voters have demonstrated patience, rejecting a populist hardliner and reelecting President Hassan Rouhani who has taken incremental steps to integrate Iran with the world. The pragmatist won 57 percent of the vote, a decisive win despite analysts’ predictions that the vote could be close. “Although the powers of the elected president are limited by those of unelected Supreme Leader...

Bloomberg: Jack Ma Sees Decades of Pain as Internet Upends Old Economy

April 24, 2017
The internet and automation are not through disrupting the economy, warns Jack Ma, co-founder of Alibaba, and “society should prepare for decades of pain” – or expect conflict. In a speech to an entrepreneurship conference in China, Ma expressed frustration that no one listened to his warnings issued long before his online company became famous. “Alibaba, China’s largest e-commerce operator,...

Deutsche Welle: Turkey's Referendum Result Could Scare Off Investors

Rolf Wenkel April 18, 2017
Turkish voters narrowly approved a referendum, by 51 percent, to replace its parliamentary system with a strong presidency. That could cement power for the current president over the next decade, though opposition leaders object to last-minute changes in voting procedures. Investors will watch closely how political leaders handle the transition as well as minorities, including Kurds who make up...

The Diplomat: After Impeachment Verdict, Korea’s "Fresh Start" On Reform Begins Again

Anthony Fensom March 14, 2017
South Korea’s president was removed from office, and so far the country’s economy and markets are left unfazed. South Korea’s first female president had promised strong economic growth, with a rise in per-capita income, as well as increased tax breaks to encourage investment. Instead, “Exports shrank for two straight years through 2016 and may be further damaged by deteriorating relations with...