In The News

As Latin American Economic Growth Slows, Regional Economies Are at a Crossroads

Mimi Whitefield June 20, 2014
Latin America had a long spell of economic growth, 5.9 percent, and a so-called “golden decade” due to bubbles, loose credit and a commodity boom that peaked in 2010. Latin American growth was analyzed at the University of Miami Latin America Symposium, covered by Mimi Whitefield for the Miami Herald. Since 2010, the region’s growth has tapered. Governments now face challenges to maintain...

Inequality and the Nature of Capital: A Reminder

Chandran Nair June 17, 2014
Complaints about inequality have taken the West by storm, and that accounts for the success of the book “Capital in the Twenty-First Century” by economist Thomas Piketty. Inequality is not a new topic for developing nations, notes author Chandran Nair. “Piketty, like every other economist, seeks to explain the world with reference to economic capital alone while ignoring the mother of all...

Status in the New Asia

Roger Cohen May 14, 2014
The desire to feel special is a universal quality among humans. People who no longer must worry about survival and security pursue status in varying ways including wealth, knowledge, purpose or notice. The notion that globalization equals homogenization is too simple, argues Roger Cohen, in his column for the New York Times. “‘Mass’ is becoming a problematic word in the global marketplace,” he...

Global Citizenship Catching Fancy of Super-Rich in India, China: Report

PTI May 6, 2014
The wealthiest in the world have the means and will to seek out new locations offering the most in comfort or tax relief. China and India together have more than 25,000 citizens with ultra high net worth, accounting for one of seven worldwide, according to an inaugural report on the super-wealthy from Wealth-X and UBS. “With each country already having large non-resident populations, the...

Testing Times for Globalization

Nayan Chanda April 21, 2014
Results of the upcoming European Parliament elections will reveal if rightwing, anti-immigrant, anti-globalization parties are on the rise in Europe or if a few discontents are making noise. Anti-immigrant parties have made gains in Norway, Switzerland, the Netherlands and France – and such victories force centrist parties to retreat on inclusive policies, assess citizen sentiments and appeal to...

Cambodia Garment Worker Dreams of Better Future

Kyle James February 14, 2014
Bargains for intricate fashions so plentiful in boutiques around the world are only possible because workers in less developed nations like Cambodia endure long hours, with a workweek that encompasses six 12-hour days, earning less than $3.50 per day. “This exhausting regimen is a reality for the majority of Cambodia's approximately 600,000 garment workers,” writes Kyle James. He profiles...

The Omnipresent Craft: Graft

Nayan Chanda February 4, 2014
The “opening up of a country to trade and investment has created opportunities for bribery and corruption on a scale greater than at any other time in the past,” writes Nayan Chanda, YaleGlobal’s editor, in his column for Businessworld. But the internet rallies citizens to protest corruption, too. Corruption in politics or business – including bribes and kickbacks, abuse of power, nepotism,...