In The News

Green Costs Go Global

Nayan Chanda November 22, 2011
Recovery from natural disasters is costly, and climate change, combined with ongoing reliance on fossil fuels, promises more crises and expenditures. Extreme weather events are disrupting the global supply chain with consequences for corporations. Flooding in Thailand is just one example: The country “quietly emerged as a key player in the production and distribution of automobile and consumer...

Russian Industries May Rile WTO by Undermining Trade Pledges

November 18, 2011
For nearly 20 years, Russia has worked on its bid for membership in the World Trade Organization. If approved by trade ministers in December, its entry will be the biggest step in global trade liberalization since China’s admission, according to the World Bank. Russia’s economy grew by more than 4 percent in 2010 and WTO membership could expand that to 11 percent by 2020. Oil and gas account...

Japan in a Post 3/11 World – Part II

John Berthelsen October 7, 2011
Disasters present new beginning and perspectives with the need to build anew. Whether vowing to rebuild and replicate or relocate, those reviving Japan will strive for security and improvements. This YaleGlobal series explores the transformative effects of spring’s earthquake-tsunami on Japanese politics, energy policy and business. The disaster has prompted Japanese manufacturers to scout Asia...

With Growing Confidence, India Pursues Mergers Abroad

Vikas Bajaj October 6, 2011
With India removing protectionist shackles, its businesses are no longer content with large market shares in the country and now seek a global reach, reports Vikas Bajaj in a blog for the New York Times. In the last year and a half, Indian companies have spent more money on outbound mergers and acquisitions than foreign companies have spent on Indian deals, according to one accounting firm....

Bridges to Somewhere

Justin Yifu Lin September 15, 2011
Following the financial crisis of 2008, the developed world still faces weak growth prospects and dim employment forecasts, and leaders in the US and Europe urge debt reduction. In this Foreign Policy article, Justin Yifu Lin of the World Bank makes a strong case for global infrastructure initiative, encouraging developed countries to invest billions of dollars on infrastructure projects at home...

Apple Attacked Over Pollution in China

Leslie Hook, Kathrin Hille September 13, 2011
Large multinational corporations are often accused of taking advantage of lax environmental laws in developing countries to reduce costs. But China is signaling a new willingness to reject environmental degradation in exchange for jobs and economic growth. A report published by five Chinese non-governmental organizations alleges that technological behemoth Apple has used suppliers with public...

Arms Makers Eye Exports to Offset Pentagon Cuts

Jim Wolf September 12, 2011
With US politicians up in arms over deficits and debt, defense manufacturers anticipate sharp budget reductions for the US Department of Defense. US spending on defense nearly doubled in the decade following the 9/11 attacks, but even hardline politicians have expressed a new willingness to reduce defense spending, which makes up about 20 percent of the federal budget. Without incoming orders,...