In The News

China Rises Again – Part I

Wang Gungwu March 25, 2009
In China’s long history, its leaders have managed other rises in power and preeminence, but the current rise confronts them with a different set of challenges on a global scale. This two-part series reflects on how China handles its rise and responds to other global powers. In the first article of the series, leading historian of China’s foreign relations, Wang Gungwu, details the considerations...

Meltdown Is Causing a Crisis of Confidence in Globalization

Ian Verrender March 20, 2009
Doubts about global connections have emerged in every country, even those that have benefited most from globalization. Recessions, job loss and vanishing savings are not new, but this global crisis struck swiftly, sparing no nation. Many governments look inward, observes Ian Verrender, in the Sydney Morning Herald, and seek to contain their own benefits and restricting any pain from others. “It...

Globalization Disrupted

Nayan Chanda March 17, 2009
Throughout history, global crises have disrupted trade, immigration and other activities that connect far corners of the world and promote wealth. Modern-day governments in wealthy, developed countries had assumed that their institutions, regulations, stockpiles and systems would secure against problems emerging elsewhere in the world. “The acceleration of transport and communication, and reduced...

Thieves Embrace Globalization

Lee Shi-Ian March 17, 2009
A supply chain of car thieves, brokers and crime syndicates track preferences of global customers and provide vehicles accordingly. Thieves act on the lists provided by foreign buyers, and 4x4 trucks are among the most popular, reports Lee Shi-Ian for New Straits Times Online. The crimes follow a pattern of thieves receiving requests from buyers in Cambodia, China or Saudi Arabia; finding the...

The Ties That Bind

Nayan Chanda February 26, 2009
Globalization has suffered two setbacks. First, skyrocketing prices for oil and the financial crisis which destroyed trillions of dollars of wealth and sent the whole world into a recession. Evoking World War I and the Great Depression, observers such as Financial Times columnist Martin Wolf suggested that the economic crisis will stoke protectionism and nationalism and therefore halt...

Hollywood Meets Bollywood as India's Movies Go Global

Nandini Lakshman February 24, 2009
The success of the film Slumdog Millionaire – a work of globalization in itself with the work of a British director, Indian actors and setting, and a US distributor – could mean more cooperative ventures between Bollywood and Hollywood. Films produced in each location have distinct flavors, and yet producers sense the opportunity for expanding audience numbers, by setting up offices and hiring...

The Reverse Swing

Nayan Chanda February 16, 2009
Migration is a major force of globalization: Workers on the move seek opportunity and alleviate poverty in the process of dispersing and collecting new ideas. A harsh global economic recession has reduced opportunities for foreign and domestic labor alike, stirred protectionist instincts and prompted reverse migration around the globe. The most immediate impact, explains YaleGlobal editor Nayan...