In The News

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...

Post-Brexit, Can a Kinder, Gentler Model Help Globalization Survive?

Peter Ford, Sara Miller Llana and Howard LaFranchi July 6, 2016
Politicians that do not learn lessons from Brexit, the United Kingdom’s decision to end membership with the European Union, will unleash new economic disruptions. “For years, a wave of anti-establishment resentment, feeding on anger at widening social inequality and hostility to foreigners, has been building across Europe,” writes Peter Ford, Sara Miller Llana and Howard LaFranchi for the...

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...

Globalization’s Angst and the “Brexit” Vote

Farok J. Contractor June 28, 2016
Many voters in the United Kingdom are having second thoughts about leaving the European Union, and not simply because of the plummeting value of currency or stock markets. The referendum’s outcome instantly transformed the UK’s reputation, from being open to trade and diversity to being isolated and insecure. “The message contained in the decision to leave the European Union resonates with a lot...

Brexit Is a Rejection of Globalization

Larry Elliott June 27, 2016
The less affluent fear political unions and expanding institutions because they lack power and control. With more concentrated power, wealth and influence the have-nots resist globalization, clinging to populist promises and local controls. Britain’s decision to leave the European Union reflects dissatisfaction with an economic model in place for three decades and its distribution of benefits. “...

The UK Will Survive, But Europe Won't

Sławomir Sierakowski June 27, 2016
Voters in Europe and the United States are increasingly lulled by the wild promises of populists who seek change and destruction of global institutions masterminded by elites. “The economy has gone global, but politics is still a national process,” writes Sławomir Sierakowski. “This disconnect has created the sense, among ordinary citizens, that democracy – the people’s will – has been undermined...

Britain Stuns World With Vote to Leave EU; Cameron Plans to Resign and Markets Fall

Steven Erlanger June 24, 2016
The United Kingdom voted to leave the European Union, 52 to 48 percent. A decision in the world’s fifth largest economy that the world’s largest political and economic union is beyond repair has roiled global financial markets. British Prime Minister announced he will resign in October, adding political uncertainty. Voters opposed to immigration and open borders for trade ended any hopes of...