In The News

Let Down by Politics

Nayan Chanda December 6, 2010
When 20 global leaders convened in 2008 to review the unfolding credit crisis, many anticipated a new forum for global cooperation. In meetings since, “the leaders failed to reach an agreement on any of the contentious issues that threatened economic recovery,” writes Nayan Chanda, editor of YaleGlobal, in his regular column for Businessworld. Chanda urges patience, noting “It will take more than...

Jobless America Threatens to Bring Us All Down With It

Jeremy Warner October 15, 2010
The coordinated attempt to rescue economies of developed nations – pumping billions of dollars of stimulus funds into banks and public-works projects – did not resolve the structural problems caused by massive imbalances. As unemployment, housing foreclosures and credit difficulties continue to mar the economic outlook, international cooperation for economic troubles has vanished, contends Jeremy...

Bangladesh, “Basket Case” No More

Sadanand Dhume October 5, 2010
With the 1947 end of British colonial rule in India, Muslim-majority territories were created as a separate state, broken into East and West Pakistan. The eastern wing, more than 1000 kilometers from the west, pursued autonomy. At the end of a bloody war of resistance backed by Indian independents, Bangladesh emerged in 1971. Since then, the nation has pursued economic development, forswearing...

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-...

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...

Challenges for a Squabbling Europe – Part II

François Godement September 24, 2010
European Union ideals, along with the euro as common currency, could be a formidable force in the world. But in recent years, members have failed to unite to tackle challenges that have emerged. This YaleGlobal series examines how the lack of direction inhibits their influence. A rising Asia could spur Europe to action, and in the second of two articles, François Godement, senior fellow with the...

If Only China Were More Like Japan

John Lee September 8, 2010
Rapid economic growth, an over-reliance on exports, can lead to troublesome bubbles. And national leaders are wise to strengthen institutions that provide economic security against such developments. As China overtakes Japan as the world’s second largest economy, John Lee compares the two nations for Businessweek. During Japan’s heady period of growth followed by a decade of stagnation, Lee...