In The News

Unlike the West, India and China Embrace Globalization

Bruce Stokes October 18, 2016
Globalization has won fans in India and China, where economic growth is projected to rise by 7.6 and 6.6 percent, respectively. “Indians and Chinese also express pride in their respective nation’s growing stature on the world stage,” explains Bruce Stokes, director of global economic attitudes at the Pew Research Center, in reporting on responses to the Pew 2016 Global Attitudes Survey. “In all,...

Rise of Right-Wing Populism: A Manifesto for the Moderate Left

Pranab Bardhan September 15, 2016
Populists take advantage of the real pain of inequality and the economic disruptions of new technology and globalization. Sympathetic and angry, they promise quick fixes and resist compromise. Such “demagogues thrive when the institutions of democracy are hollowed out,” argues economist Pranab Bardhan, and he offers recommendations for citizens whose politics lean left of center. Trade unions...

G20 Must Address the Anti-Globalization Undercurrent to Stay Relevant

Peter Drysdale September 2, 2016
Immigration, trade and many other aspects of globalization are interwoven into daily routines, taken for granted, and some opponents contend that communities and entire countries can easily sever the connections. G20 leaders, meeting in Hangzhou, China, must address global stagnation and populism that feed resentment and disrupt cooperation, increasing inequality and the power of despots....

We Won't Trigger Article 50 Until After 2017 – and That Means Brexit May Never Happen at All

Denis MacShane August 19, 2016
United Kingdom leaders are in no hurry to trigger action on Article 50 or begin formal negotiations to separate from the European Union. No planning has started. Likewise, other countries will hold back on negotiating new trade deals with the UK until a detailed understanding of separation is reached. “No-one in Europe wants to ‘punish’ Britain but no EU leader dare deny his or her own citizens...

Among Uncertainties After Brexit Vote, Low Growth Is Sure

David Dapice August 18, 2016
British voters elected to leave the European Union, which in turn ushered in new leadership for the United Kingdom. But few are sure of the next step, and British leaders are wise to proceed cautiously before invoking Article 50 of the EU treaty and starting the process of negotiating a separation agreement. If agreement is not reached in two years, membership ends unless both parties approve an...

Abenomics: What Japan’s Economic Experiment Can Teach the Rest of the World

August 16, 2016
Japan’s economy shifted from being the envy of the world in the 1980s to today's case study in stagnation. The country's nominal GDP for 2015 is mostly unchanged from levels in 1995 even as the US nominal GDP grew by more than 130 percent, reports the Economist. “To reflate Japan and reform it, Shinzo Abe, prime minister since December 2012, proposed the three ‘arrows’ of what has...

Brexit Could End Up Strengthening the European Union

Chris Miller August 9, 2016
The European Union may strengthen after voters in the United Kingdom elected to withdraw from the Union, and Chris Miller, associate director of Yale’s Grand Strategy Program, offers analysis as to why: Britain’s economic challenges could prompt hesitation among other members contemplating a similar move. The EU will drive a hard bargain, refusing to give in to unreasonable demands by voters who...