In The News

Tax Reform May Not Bring US Jobs Back

David Dapice February 3, 2012
Technology and ever-growing productivity – not outsourcing – are the main culprits behind declining jobs in the United States. The US president has proposed revising tax policy to encourage companies to apply growing profits to factories and research inside the US. But manufacturing is going the way of agriculture; fewer workers producing more. “Because of automation and technology, each factory...

France Deals With Globalization Crisis – Part II

Alain Renaudin January 27, 2012
Citizens of wealthy nations blame globalization and competition from Asia for unemployment and other economic woes. This two-part YaleGlobal series analyzes the temptations of protectionism, particularly in France during its presidential election campaign. Promoting labels that identify a product’s country of origin is not a solution, argues Alain Renaudin in the second and final article, and the...

France Deals With Globalization Crisis – Part I

Pierre-Noel Giraud January 24, 2012
Multinational companies have shifted manufacturing operations and research and development from West to East, taking advantage of low wages and huge Asian markets poised for growth. On the global trade front, countries like France feel battered, and political leaders increasingly toy with protectionism. This YaleGlobal series offers ideas on how nations can optimize globalization’s benefits. In...

Help Wanted: In Unexpected Twist, Some Skilled Jobs Go Begging

Ben Casselman December 6, 2011
Industries are struggling to hire skilled workers for welding, wiring, drill-rigging and machine-work, but such abilities may be vanishing in the United States. “Data show the skills gap doesn't exist in whole industries but in specific jobs, including certain heavy-duty blue-collar ones,” reports Ben Casselman in an article for the Wall Street Journal. The shortages have boosted pay rates...

Chocolate-Fueled Growth

Kandeh K. Yumkella December 5, 2011
Poverty continues to linger in most Sub-Saharan countries, in large part due to the shortsighted nature of their export-based commodity economies. In an opinion essay for Project Syndicate, Kandeh Yumkella, director general of the UN Industrial Development Organization, suggests the time has come for these nations to upgrade their economies by focusing on ““value-added, agro-industrial...

Brazilian Paves Way for China’s Carmakers

Joe Leahy November 29, 2011
With a burgeoning middle class, the Brazilian automotive market has expanded rapidly, becoming the fourth largest in the world in 2010. In such a fast-growing market, Brazilian consumers have developed no brand loyalty and show no aversion to foreign models, explains Joe Leahy of the Financial Times. So taking advantage of a market opportunity, Chinese car manufacturers like JAC Motors are...

How Walmart Is Changing China

Orville Schell November 23, 2011
Walmart is working with China to identify and reduce waste in packaging, shipping and energy use, explains China expert Orville Schell in an article for the Atlantic. Any cost-saving idea can be multiplied among thousands of suppliers, thousands of stores, millions of employees and shoppers. Since 2005, Walmart and China “are engaging in a bold experiment in consumer behavior modification, market...