In The News

Attention Buffetts 'Round the World

Mark Bloomfield October 11, 2011
After US billionaire Warren Buffet wrote in an opinion piece that the wealthy should pay higher taxes to boost the US economy, the suggestion triggered a global domino effect, explains economic policy expert Mark Bloomfield in an essay for Politico. Wealthy counterparts in France and Germany joined the chorus, but Bloomfield cautions against generating more funds for flawed systems: “The U.S. has...

America’s Labor Pains

Nayan Chanda October 10, 2011
Americans are frustrated by their inability to find jobs and the widening inequality that brings. Proposals from government and corporations so far rely on unworkable notions that failed in the past, including protectionist measures or subsidies that reinforce aging industries that are no longer competitive. The world economy has undergone structural transformation, explains Nayan Chanda in his...

With Growing Confidence, India Pursues Mergers Abroad

Vikas Bajaj October 6, 2011
With India removing protectionist shackles, its businesses are no longer content with large market shares in the country and now seek a global reach, reports Vikas Bajaj in a blog for the New York Times. In the last year and a half, Indian companies have spent more money on outbound mergers and acquisitions than foreign companies have spent on Indian deals, according to one accounting firm....

Revolution Is Happening in the USA

Ismail Salami October 4, 2011
The Occupy Wall Street movement is hardly a revolution, and rather, the protest movement aims at influencing democratic leaders. Started by small groups of college students, protesters express concern about the dangers of high student debt, excessive corporate profits, family struggles with home foreclosures, widening inequality, environmental degradation all combined with a disturbing lack of...

How to Stop a Second Great Depression

George Soros September 30, 2011
Confidence in the global economy is slipping, as wealthy nations fail to control debt and prevent growing fears over defaults and government bonds once assumed to be safe. In an essay for the Financial Times, financier and philanthropist George Soros urges three bold steps for Europe to allow orderly default by Greece, if necessary, and keep the global markets calm: create a common treasury for...

The Four Horsemen of Economics

Stewart Wallis September 28, 2011
Humans are not necessarily stuck with the unsustainable, unstable economic constructs they have created. Political systems can shape local and global economies, either deliberately or by default. Stewart Wallis, executive director of the New Economics Foundation, urges nations to work in concert to address crises that promise to arise with greater frequency and severity – whether extreme weather...

The World Is Flatter

Nayan Chanda September 27, 2011
The United States seems to have a knack for ushering in changes, then failing to adapt to the challenges they bring. The failure of the US to adapt to the technology and finance-driven globalization it introduced to the world has prompted an alarming decline. In his regular column for Businessworld, YaleGlobal editor Nayan Chanda reviews “That Used to Be Us: How America fell behind in the world...