In The News

Asia: Eastern Billions Can Still Join the World

Nandan Nilekani January 5, 2011
With global economic recession, many nations look inward, prioritizing domestic concerns and rejecting globalization. But the inward focus may not last for long, predicts Nandan Nilekani, author and former chief executive of Infosys, writing for Financial Times. India’s and China’s growth, combined with their transition from rural agricultural economies to manufacturing giants, could deliver new...

Where Are the Jobs? For Many Companies, Overseas

Pallavi Gogoi January 4, 2011
The large and growing emerging markets of China, India and Brazil are a lure for multinational corporations in search of top revenue and profits. Job creation follows the markets, strengthening the middle class and education programs in emerging markets, particularly Asia. Companies like Caterpillar, Coca-Cola and DuPont hired more employees overseas in 2010 than in their home base of the US,...

Falling Short on Skills

Nayan Chanda December 13, 2010
Technology has boosted industrial efficiency. Industrial growth, full employment and economic recovery require engineers, mechanics and a host of other highly skilled workers. Millions of jobs go unfilled in China, the US, Germany, India and other nations because managers in health-care, biomedical, aeronautical, energy, communication and other industries can’t find workers skilled in math,...

Chinese Workers Build MLK Memorial: Investigation

Annys Shin December 7, 2010
It’s an old debate: Should planners of symbolic projects rely on local workers or stretch funds by hiring immigrant labor? The latest project under scrutiny is construction of the Martin Luther King Jr. National Memorial in Washington, DC. Debt crisis in Greece delayed granite delivery, and critics slammed the Chinese sculptor’s original design. The foundation organizing the $120 million project...

US in Asia: Seeking Partners at a Troubled Time – Part I

Ashok Malik November 10, 2010
As US President Barack Obama travels in Asia, this YaleGlobal series analyzes US foreign-policy initiatives emerging from a packed schedule with stops in four nations. The tour began in India. In the first article of the series, Ashok Malik explains how Obama shares the goals of his predecessor, George W. Bush, for a strategic partnership with India as a strong rising power, even though the two...

Global “Chop Shops”: Slice, Dice and Outsource

Farok J. Contractor October 27, 2010
Manufacturing and IT firms slice their work into parts, much like the chop shops that collect old cars, breaking them down into parts for resale and higher profits. Mangers divide tasks, sending work to points of the globe where costs and skills are most efficient for each task at hand. Farok J. Contractor, professor of management and global business, analyzes trends underway in the once-...

Why the Financial Crisis and What Is the Way Out

Carmen Reinhart October 7, 2010
In an interview with Nayan Chanda, Professor Carmen Reinhart, co-author of This Time Is Different: Eight Centuries of Financial Folly, discusses the causes behind the current financial crisis and the measures needed to recover and grow. – YaleGlobal