In The News

Say It With Numbers

Nayan Chanda February 6, 2013
Manufacturers, especially on high-priced items like cars or electronics, are offering a bit more detail on the source countries for their products. More detail reveals the integration of the global economy and how globalization contributes to job growth. A new database from the World Trade Organization and the Organization for Economic Co-operation and Development – Trade in Value-Added, or TIVA...

The Price of Globalization

Nayan Chanda January 23, 2013
The interconnected world is not so different from a small community in that the greed or lack of foresight of a few can bring quick ruin. The US has $16.5 trillion in debt and a reduced revenue stream due to the global recession. Some conservatives demand harsh cuts in exchange for lifting an artificial debt ceiling, devised to control government spending. Delays in approving the debt ceiling...

The Post-Crisis Crises

Joseph E. Stiglitz January 15, 2013
Caught up with many pesky invented crises, the US and Europe are neglecting pressing long-term problems. The most serious is the failure to address global climate change, argues Joseph Stiglitz for Project Syndicate. He notes that every delay will require sharper reductions from future generations. Stiglitz argues that “retrofitting the global economy for climate change would help to restore...

Governance Falls Behind Globalization

Ernesto Zedillo December 3, 2012
Many in the world point to the need for mechanisms to monitor and control globalization, particularly after a decade when debt crises in one country spread quickly around the globe. Yet as economic interdependence continues to build, governance is not keeping pace. Ernesto Zedillo is director of the Yale Center for the Study of Globalization, and as YaleGlobal Online marks its 10th anniversary,...

An American President in the Age of Globalization

Strobe Talbott November 19, 2012
This week YaleGlobal Online marks its 10th anniversary and coincidentally it’s also a period of global transition. In Washington and Beijing, new administrations prepare to take the reins. We begin this week with an analysis of the significance of President Barack Obama’s reelection by Strobe Talbott, the first director of the Yale Center for the Study of Globalization, of which YaleGlobal is the...

Mongolia in Globalization’s Chokehold

Mark Juergensmeyer October 19, 2012
Landlocked Mongolia is in the heart of Asia, a land of great mineral resources and of rapid change since it abandoned communism in 1990 with the breakup of the Soviet Union. Mark Juergensmeyer, director of the Orfalea Center for Global and International Studies, University of California, Santa Barbara, visited shortly after that transition and more recently – ascribes many changes to the...

The New Barons of Bordeaux

Pallavi Aiyar September 12, 2012
Globalization is both blessing and curse for enchanting regions like Bordeaux. Even as Europe struggles with debt and austerity plans, centuries-old vineyards and chateaux languish on the market, and their winemakers must compete with upstarts from South Africa, South and North America. An increasingly prosperous China has become a major export market for Bordeaux wines, and Chinese investors...