In The News

The Third Revolution

Nayan Chanda November 1, 2010
US citizens are angry about high unemployment rates, and candidates for political office rail about outsourcing to China or India. But blaming Asia is shortsighted, explains Nayan Chanda, YaleGlobal editor in his column for Businessworld, and can't ease consumers' desire for inexpensive products. A third industrial revolution is underway, as digital technology allows companies to easily...

Europe Frets Over Foreign Investments in Defense Industry

Clara Marina O’Donnell October 15, 2010
Sovereign wealth funds are estimated to manage close to $4 trillion of assets. European governments are increasingly concerned about such powerful investors, the bulk of which are from Asia and the Middle East, showing interest in their defense industries especially at a time when Europe must curtail its own defense investments. EU member states acknowledge that their national industrial bases...

North Korea’s Succession Poses New Challenges – Part II

Scott Snyder October 4, 2010
Impoverished and hermitic, North Korea’s nuclear weapons and erratic behavior have long been a headache for the region. This YaleGlobal series examines the challenges that North Korea poses for the international community in the wake of its succession drama. In the second article, Korea policy analyst Scott Snyder points out that, from all appearances, China has replaced the US as a foreign-...

When Globalization Falls Short

Nayan Chanda October 4, 2010
History shows that conflict among trade partners is not impossible. That a minor boating mishap threatens economic ties between two global powers does not bode well for increasing interconnectedness, explains YaleGlobal Editor Nayan Chanda in an essay for the Times of India. Nationalistic anger stirs over a group of tiny islands in the East China Sea claimed by Japan and China. With reports of...

North Korea’s Succession Poses New Challenges – Part I

Byong-Chul Lee October 1, 2010
After years of suspense and speculation about the changing of the guard in North Korea, the new leader’s identity has been revealed. But the nuclear-armed nation remains a regional source of anxiety. This YaleGlobal series analyzes the regime’s long-term goals and the challenges they pose to China and the United States. In the first article of the two-part series, North Korea expert Byong-Chul...

Asia’s Clouded Horizon – Part II

Yoichi Funabashi September 29, 2010
With new emerging economies and dispersion of power, the world can no longer depend on one or a handful of superpowers to manage problems, more so when small ones reduce the cooperation required for resolving global challenges. A recent example is the diplomatic spat between China and Japan after a fishing captain struck a patrol vessel near islands with disputed ownership. In the second article...

Asia’s Clouded Horizon – Part I

Marvin Ott September 27, 2010
Leading Asia’s growing power and influence, China takes an increasingly assertive stance on historical territorial disputes. This two-part series examines foreign-policy conflicts in Asia and the potential for cooperation among economic giants – China, US and Japan. In the first article, Marvin Ott describes renewed US interest in Southeast Asia via attendance at Association of Southeast Asian...