In The News

A Giant Compromise?

May 6, 2010
One of the many promises of globalization is that multi-governmental organizations will be able to better manage international issues that simultaneously affect the interests of many countries. The International Whaling Commission is one such body, but it has been hampered in recent years by countries like Japan that are exploiting a loophole to overcome the IWC's putative moratorium on...

Greek Crisis and the Future of the European Union – Part I

Jonathan Fenby May 5, 2010
Membership in the 16-nation euro zone was supposed to boost Europe’s wealth – but the debt crisis in Greece reveals how a weak link in the chain could also risk spreading misery. Deeming Greece, a nation of 10 million, “too big to fail,” EU members scramble to put together a bailout package. Meanwhile, Greeks take to the streets, burning EU flags and protesting austerity measures, with three...

Freeing the Renminbi

Nayan Chanda April 30, 2010
Criticizing the value of another nation’s currency is easy. Understanding the consequences of any currency adjustments is more complicated, explains Nayan Chanda, editor of YaleGlobal and regular columnist for Businessworld in India. Economic advisors have undoubtedly explained the many challenges linked to currency revaluation awaiting political leaders in both China and the US, suggesting that...

Thailand’s Red Tide

Pavin Chachavalpongpun April 30, 2010
A 2006 coup forced popularly elected Prime Minister Thaksin Shinawatra from office, abruptly ending his attempts to reform agriculture, education, taxation and other programs. Since then, protesters donning red shirts, led by the National United Front of Democracy Against Dictatorship, have rallied against the government, demanding new elections. Demonstrations have swelled since March,...

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,...

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

David Dapice April 26, 2010
In declaring an end to recession, economists fall into two camps: One side, including economists with the Obama administration, maintains high rates of unemployment are cyclical and jobs will return soon; others contend that the US economy confronts fundamental restructuring, with massive unemployment lingering for years. This two-part YaleGlobal series examines economic debates over debt and...

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,...