In The News

Times of India: Zigzags in Trump’s Trade Policy

Nayan Chanda June 5, 2018
The Trump administration goes back and forth with threats over trade deficits and demands that China, Canada, Mexico and other countries purchase more US-made goods. Nayan Chanda, founding editor of YaleGlobal Online, ponders whether abrupt announcements from the president are intended to maintain pressure on other nations during negotiations or boost domestic support. “Whatever the motivation,...

Economist: Saudi Arabia Push Out Foreigners to Make Local Jobs

May 7, 2018
Saudi Crown Prince Muhammad bin Salman’s is implementing an economic restructuring plan to create more jobs for locals. “Finding jobs for young Saudis – around half of whom are unemployed – is critical for Prince Muhammad, who is the power behind the throne,” notes the Economist. Heretofore, the Saudi state has relied on cheap, foreign labor with about half of young Saudis unemployed. Saudi...

East Asia Foundation: FDI Outflow Surge From South Korea

Namsuk Choi April 11, 2018
Foreign direct investment outflows from South Korea are surging, increasing by more than 30 percent annually since 2010. Such levels can signal economic growth, but can also warn about rising wages, tax rates and regulations that erode a country’s manufacturing base and eliminate jobs, explains Namsuk Choi for East Asia Foundation. “The Moon Jae-in administration’s economic policies have had...

Global Finance: US Manufacturing – The Reshoring Is Real, The Jobs Are Not

Craig Mellow October 30, 2017
Companies are relocating production to the developed nations like the United States, but hiring fewer workers. One case study suggests that a single US worker combined with investment in automation can replace seven Chinese workers. The trend has been in place for several years in both the United States and Europe. Craig Mellow, writing for Global Finance, points to four reasons: Labor costs are...

Politico: Trump Administration to Allow for 15,000 More Foreign Workers

Louis Nelson July 21, 2017
The US departments of Homeland Security and Labor have announced that they will issue up to 15,000 additional H-2B visas for temporary, non-agricultural workers this year. Secretary of Homeland Security John Kelly explained the decision to increase the Congressionally-approved cap of 66,000 H-2B visas per year as a supply-and-demand problem: “there are not enough qualified and willing US workers...

Business Review Europe: Starbucks to Hire 2,500 Refugees Across Europe by 2022

Nell Walker June 30, 2017
Refugees, by the UN definition, are forced to leave their homes due to persecution, war or violence, and they try to start new lives in foreign lands. The world has 21 million refugees, and Starbucks is pitching in to contribute stability to their lives and their new communities by hiring 10,000 globally, including 2,500 in Europe, over the next five years. “The plan going into motion coincides...

Council on Foreign Relations: US Temporary Foreign Worker Programs

Claire Felter June 20, 2017
Each year, the United States allows temporary workers to enter the country to work for seasonal agriculture, tourism and other industries and skilled labor, too: “more than one million visas were granted in 2014, up from some four hundred thousand in 1994,” reports Claire Felter for the Council on Foreign Relations. Opponents to such programs worry about visa tracking, illegal immigration,...