In The News

The Hub Nation

April 28, 2010
The US attracts one of the highest rates of immigrants in the world and this trend has important benefits for the country. Immigrants are tied to networks with their own countrymen, which facilitates economic growth. While modern technology allows for instantaneous global communication, it is often only immigrants who know the right people to call. They have pre-established trust relationships,...

For India, US Health Care a Sea of Opportunity

Taylor Barnes April 26, 2010
India’s outsourcers are preparing to develop their next business sector from the United State’s health care reform by covering its administrative and technological needs. A demand for lower administrative expenses and treatment of more patients for every dollar requires low cost labor that comes from outsourcing. Since there are no regulations limiting personal medical data from leaving the US,...

Debt and Unemployment: Is Global Capitalism Responsible? – Part II

David Dapice April 26, 2010
In declaring an end to recession, economists fall into two camps: One side, including economists with the Obama administration, maintains high rates of unemployment are cyclical and jobs will return soon; others contend that the US economy confronts fundamental restructuring, with massive unemployment lingering for years. This two-part YaleGlobal series examines economic debates over debt and...

Do the Awakening Giants Have Feet of Clay? – Part I

Pranab Bardhan April 19, 2010
China and India have made impressive strides in recent decades, expanding their economies and middle classes. This two-part series examines and tests the claims made by economist Pranab Bardhan in his book “Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India.” In the book, Bardhan points out that while the two nations have lifted millions out of poverty, both continue...

Check Out That Colombian Tata!

Daniel Gross April 13, 2010
On a trip to Colombia, the author was surprised to find an example of the new nature of international corporations. Tata Consultancy is a branch of the Indian car company that recently bought several British and American brand-name car labels. Tata’s Colombian branch is providing services to a number of Latin American governments and corporations. An Argentinian manager oversees employees from a...

The Caribbean Brain Drain: Nursing a Grievance

April 12, 2010
According to the World Bank, only one-quarter of nurses in the English-speaking Caribbean remain working in their countries. The rest leaves to work abroad, where working and living conditions are significantly better. The economic incentives of working abroad outweigh the challenges of staying. This is not a new phenomenon: it has been taking place for almost two centuries and is not confined to...

Toyota’s Stumble is Not a Metaphor for Japan Inc.

Lam Peng Er March 26, 2010
Many equate Toyota’s current woes with a failure of Japan Inc, even Japan itself, according to East Asian specialist Lam Peng Er. But this would be a mistake. Toyota’s ills are really a congeries of missteps now caught up in conspiracy theories and political wrangling. For years, Toyota was synonymous with Japanese manufacturing excellence. But this search for constant improvement at an ever...