In The News

Better Late Than Never

Nayan Chanda March 31, 2016
India has flung open the doors on foreign direct investment in its food retail sector. “Presenting the annual budget, the finance minister announced that his government would allow 100 per cent FDI in agricultural food processing, which covers the multi-brand retail of food products produced and manufactured in India,” writes Nayan Chanda, YaleGlobal’s founding editor, in his column for...

Nafta May Have Saved Many Autoworkers’ Jobs

Eduardo Porter March 30, 2016
The North American Free Trade Agreement, in effect for more than two decades, likely saved the US auto industry. “Even in the narrowest sense – to protect jobs in car assembly plants – a wall of tariffs against America’s southern neighbor would probably do more harm than good,” suggests Eduardo Porter for the New York Times based on research by Gordon Hanson, an economist at the University of...

The State of the United States

Richard N. Haass March 28, 2016
The mood of US electorate during the presidential primary season is described as anxious and angry over outsourcing and trade deals, a decline in good jobs, stagnant wages, inequality and polarized politics that prevents good governance. News media tend to focus on negative reports, and the members of public rely on programs and publications that reinforce opinions already held. “An America that...

A Flat World Gets Bumpy With Globalization in Retreat

David Dapice March 24, 2016
Uncertainty and instability threaten the global economy, and monetary stimulus by the central banks, including negative rates, is not delivering growth or confidence. So far, the United States is alone in breaking away from the pack to engage in monetary tightening and gradually lifting interest rates. China employs strict controls to prevent businesses and savers from sending cash outside the...

Choices by US Voters Will Influence the World

Bruce Stokes March 17, 2016
The US primary season has slowly winnowed down the field of presidential candidates. “To date, the campaign debate has been dominated by multiple themes that could ultimately impact people outside the United States – trade, immigration and terrorism, to name just a few,” explains Bruce Stokes, director of global economic attitudes at the Pew Research Center. Hillary Clinton, former US secretary...

The Death of Berta Cáceres

Jonathan Blitzer March 17, 2016
Activist Berta Cáceres, 44, spoke out against the government awarding contracts for hydroelectric dams throughout Honduras, including areas inhabited by indigenous people. Her murder is drawing attention to her efforts as well as violence and corruption in Honduras. “Cáceres was on the front lines from the start, having founded the group that has organized much of the opposition, the Council of...

The End of Globalization?

Daniel Gros March 9, 2016
Global trade, exports from China and commodity prices are in decline – and these trends are interconnected, argues Daniel Gros for Project Syndicate. Some analysts contend that globalization is dead, and Gros offers a reminder that globalization is not limited to trade: “Globalization entails many other features, including the surge in cross-border financial transactions and tourism, data...