In The News

Post-Brexit, Can a Kinder, Gentler Model Help Globalization Survive?

Peter Ford, Sara Miller Llana and Howard LaFranchi July 6, 2016
Politicians that do not learn lessons from Brexit, the United Kingdom’s decision to end membership with the European Union, will unleash new economic disruptions. “For years, a wave of anti-establishment resentment, feeding on anger at widening social inequality and hostility to foreigners, has been building across Europe,” writes Peter Ford, Sara Miller Llana and Howard LaFranchi for the...

Don’t Write the Obit on Globalization

Nayan Chanda July 5, 2016
British voters decided to separate from the European Union, and many analysts afterward pronounced this to be indicative of globalization’s demise. “[G]lobal interdependence is far too advanced to be reversed without seriously harming the well-being of the entire nation,” writes Nayan Chanda, YaleGlobal's founding editor, in a column for the Times of India. “When Britain begins the divorce...

Time to Review FDI Rules

Nayan Chanda July 4, 2016
Politicians can’t resist hounding companies to create more jobs. Nayan Chanda outlines how India’s Prime Minister Narendra Modi rejected Apple’s proposal to set up stores because the firm could not source at least 30 percent of manufacturing materials from local vendors. “The kind of offset arrangement that foreign manufacturers might agree to – like building parts of an aircraft in exchange for...

Local Brands Lead Race for China’s Savvy Consumers

Rachel Morarjee June 30, 2016
Chinese consumers prefer local brands and Chinese firms are increasingly taking market share away from foreign rivals. New Chinese firms “heed digital trends, adapt to regional tastes and respond to customers’ increasingly sophisticated demands,” explains Rachel Morarjee for Reuters. A report from Bain & Company and Kantar Worldpanel suggests that 26 consumer goods ranging from groceries to...

Globalization’s Angst and the “Brexit” Vote

Farok J. Contractor June 28, 2016
Many voters in the United Kingdom are having second thoughts about leaving the European Union, and not simply because of the plummeting value of currency or stock markets. The referendum’s outcome instantly transformed the UK’s reputation, from being open to trade and diversity to being isolated and insecure. “The message contained in the decision to leave the European Union resonates with a lot...

Brexit Aftermath: Europe's Zero Hour Presents an Opportunity

Dirk Kurbjuweit June 24, 2016
The European Union is ready to shed a reluctant United Kingdom. The other 27 members could become stronger by moving on and taking advantage of new possibilities. The UK decision does not mean that the EU is a failure or blunder. “The desire for unity developed out of the zero hour following World War II and is a clear rejection of war,” writes Dirk Kurbjuweit. “It is a peace project, and a...

Brexit and Bust: Britain Plunges Into the Unknown

Daniel Twining June 23, 2016
The United Kingdom's decision to leave the European Union has shocked the world and is a wake-up call for the single market of 28 nations and more than 500 million people. The fury over economic and political cooperation that led to the referendum could intensify. “In unsettling ways, the June 23 referendum has put the future of Europe, the transatlantic alliance and the international...