In The News

India Attracts Universities From the US

Somini Sengupta March 26, 2007
Despite its reputation as an up-and-coming global competitor, India’s economic growth has been stunted by the limited higher-education opportunities – with only 7 percent of young adults entering universities. Recognizing the demand of Asia’s university-aged population, American schools seek to establish relationships with their counterparts in countries such as China and India. Through...

Can Europe Age Gracefully? – Part II

Jean-Pierre Lehmann March 23, 2007
Even as Europe celebrates the 50th anniversary of the Treaty of Rome, the upcoming French presidential election in April serves as Exhibit A of the continent’s discontent. Since the end of World War II, the nations of Europe have integrated for reasons of trade, law and policy. Countries once poor and under fascist regimes have prospered. In the second article of a two-part series on Europe’s...

Can Europe Age Gracefully? – Part I

Shada Islam March 21, 2007
Europeans celebrate the anniversary of the Treaty of Rome – along with 50 years of peace and prosperity on March 25. Belgium, France, Italy, Luxembourg, the Netherlands and West Germany formed what began as an economic alliance to promote trade with one another. That community has since expanded both in terms of membership and responsibilities, and this two-part YaleGlobal series explores Europe...

Nationalism or Integration: A US Role for an Asian Choice?

Joergen Oerstroem Moeller March 21, 2007
In terms of trade, politics and security, Asian nations can cooperate or they can be nationalistic, working alone and creating unnecessary competition with neighbors. The nationalist route, with all its attempts to prove superiority, can provide a false sense of security for large segments of any citizenry. Asian powers such as Japan and China demonstrate both nationalistic and cooperative...

Spotlight: Selling Globalization to France

Katrin Bennhold March 9, 2007
The French trade minister has taken on two challenging tasks: convincing firms that France is a great place to do business and convincing citizens that globalization is good for them. Globalization for the French has become synonymous with outsourcing jobs, reports this article in “The International Herald Tribune.” France has a reputation for protectionism, admits trade minister Christine...

Hershey's Outsourcing

Herb Field March 7, 2007
Entire towns often grow up around a company. For example, Hershey, Pennsylvania, was nicknamed “the sweetest place on earth,” after Milton S. Hershey built what was then the world’s largest chocolate factory in 1903. Hershey constructed not only a factory that provided a luxury product to the middle class, but a community with comfortable homes and services for his employees. More than 100 years...

Globalization Has Left Central Banks Facing a World of Growing Economic Uncertainties

Stephen King March 7, 2007
The macroeconomic policies of the world’s central banks are crucial for economic growth. By changing interest rates or adjusting the money supply, these banks keep inflation at low levels, thereby ensuring stable prices. That stability rests in large part on the predictability of the central banks and these institutions reacting consistently to market information. Recently, however, the data that...