In The News

Chinese R&D Goes Global

Jacopo Dettoni August 31, 2016
China is transforming from recipient of foreign direct investment to source as its firms set up new research and development operations. Chinese firms have announced nine new overseas research centers during the first half of 2016, reports Financial Times, as compared with the United States, 16 projects; Germany, 10; and Japan, 7. “It comes at a time when Beijing is gradually liberalising its...

Banks Miss Out as Chinese Firms Do DIY Deal Advice

Sumeet Chatterjee and Denny Thomas August 18, 2016
While Chinese tech mergers and acquisitions doubled to more than $60 billion in 2015, fee volume rose by just over half as much. “China's cashed-up and ambitious technology firms are increasingly spurning external advisers on acquisitions and investments in foreign companies,” report Sumeet Chatterjee and Denny Thomas. The technology firms pass over investment bankers who typically handle...

Brexit Blues in Central Europe

Joji Sakurai July 28, 2016
Europe's opponents of immigration may be triumphant about Brexit, but the crowing won’t last long in countries that depend on the European Union for technical advice, aid, trade and foreign investment that allowed them to outperform the European Union as a whole. “To hear the rhetoric, one might assume that ‘Huxit’ or ‘Czexit’ – departures by Hungary or the Czech Republic – may be around the...

Brexit Won’t Stop Globalization

Michael Schuman July 15, 2016
Fear and distrust over free trade, immigration and other facets of globalization spill from the world’s most advanced economies as the emerging economies pay no mind. “Isolationism is being heralded as independence,” writes Michael Schuman for Bloomberg. “While there are pockets of resistance, much of the world is still forging tighter links between countries, companies, and communities. Rather...

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...

Time to Review FDI Rules

Nayan Chanda July 4, 2016
Politicians can’t resist hounding companies to create more jobs. Nayan Chanda outlines how India’s Prime Minister Narendra Modi rejected Apple’s proposal to set up stores because the firm could not source at least 30 percent of manufacturing materials from local vendors. “The kind of offset arrangement that foreign manufacturers might agree to – like building parts of an aircraft in exchange for...

A Tale of Two Countries

Nayan Chanda April 19, 2016
China and India each have their own methods for developing their industries, and Nayan Chanda reminds that a nation’s foreign direct investment, inward or outward, can achieve more than economic goals. The founding editor of YaleGlobal Online outlines differences between the approaches employed by China and India: “The main difference between the two is that one aims to grab cutting-edge...