In The News

Study: Borders in Europe Would Cost Up to $3.3 Billion a Year

Valentina Pop October 19, 2016
A study by the RAND Europe think tank shows that to restore borders across Europe would cost the continent more than $3 billion yearly, a number calculated using the cost of restoring physical borders, administrative costs, and losses from trade and travel. As Europe has drawn millions of refugees from Syria and other war-torn areas, some countries in the Schengen zone – the border-free area...

Warming Russia-Turkey Relations Send a Chill Through Ukraine

Fred Weir October 18, 2016
Despite rising tensions among Russia, Turkey and the West over civil war in Syria, agreements are emerging over sending natural gas from Russia to Europe. Proposed development of two new pipelines would allow Russia to pass Ukraine in sending gas to the rest of Europe, reports Fred Weir for the Christian Science Monitor: “With TurkStream, Turkey will stand to become the chief distributor for...

Brexit Success Hinges on Global Goodwill

Simon Nixon August 17, 2016
British leaders’ cautious approach to Brexit demonstrates the challenges of withdrawing from tightly integrated trade. Analysts anticipate a cost of up to 6 percent of GDP, depending on whether the United Kingdom retains a relationship with the European Union or tries to trade on World Trade Organization terms. A new tariff schedule on WTO terms would require consensus of 160 members including...

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...

Brexit: Boon or Bane

Nayan Chanda July 11, 2016
The British decision to leave the European Union is expected to shrink global economic growth. “This means that the contributions made to the global economy by China, India and other developing economies would become more important than ever,” explains Nayan Chanda, YaleGlobal’s founding editor, in his column for Businessworld. Emerging economies confront enormous challenges, as suggested by the...

The Impossibility of a “LatAmExit”

Patricio Navia July 8, 2016
“Tis better to have loved and lost than never to have loved at all," wrote British poet Alfred Lord Tennyson. Patricio Navia, writing for Buenos Aires Herald, applies that sentiment to Brexit: “The only thing worse than risking the possibility that a member chooses to leave a regional integration initiative with more successes than failures, is that there is no such union,” he writes. “Latin...

Don’t Write the Obit on Globalization

Nayan Chanda July 5, 2016
British voters decided to separate from the European Union, and many analysts afterward pronounced this to be indicative of globalization’s demise. “[G]lobal interdependence is far too advanced to be reversed without seriously harming the well-being of the entire nation,” writes Nayan Chanda, YaleGlobal's founding editor, in a column for the Times of India. “When Britain begins the divorce...