In The News

Tunisia Protests Serve Warning to Autocratic Regimes

Kristen Chick January 14, 2011
Following days of protest in Tunisia that turned violent after security forces shot scores of people, the country’s long-time president Ben Ali has gone in to exile. Facing the fury of the protesters demanding his resignation, President Ben Ali, in power since 1987, promised not to seek re-election in 2014. Instead of pacifying the protesters, his response has further strengthened the...

Where Are the Jobs? For Many Companies, Overseas

Pallavi Gogoi January 4, 2011
The large and growing emerging markets of China, India and Brazil are a lure for multinational corporations in search of top revenue and profits. Job creation follows the markets, strengthening the middle class and education programs in emerging markets, particularly Asia. Companies like Caterpillar, Coca-Cola and DuPont hired more employees overseas in 2010 than in their home base of the US,...

Falling Short on Skills

Nayan Chanda December 13, 2010
Technology has boosted industrial efficiency. Industrial growth, full employment and economic recovery require engineers, mechanics and a host of other highly skilled workers. Millions of jobs go unfilled in China, the US, Germany, India and other nations because managers in health-care, biomedical, aeronautical, energy, communication and other industries can’t find workers skilled in math,...

Angela Merkel Consigns Ireland, Portugal and Spain to Their Fate

Ambrose Evans-Pritchard November 11, 2010
With a surplus in hand, Germany has little patience with Portugal, Ireland, Spain and other nations steeped in debt. A permanent rescue fund and amendments to the Lisbon Treaty, with conditions proposed by German Chancellor Angela Merkel, will shift more responsibility for problematic debt onto bondholders and away from taxpayers. Countries will be allowed to go into what has been labeled “...

Jobless America Threatens to Bring Us All Down With It

Jeremy Warner October 15, 2010
The coordinated attempt to rescue economies of developed nations – pumping billions of dollars of stimulus funds into banks and public-works projects – did not resolve the structural problems caused by massive imbalances. As unemployment, housing foreclosures and credit difficulties continue to mar the economic outlook, international cooperation for economic troubles has vanished, contends Jeremy...

Why the Financial Crisis and What Is the Way Out

Carmen Reinhart October 7, 2010
In an interview with Nayan Chanda, Professor Carmen Reinhart, co-author of This Time Is Different: Eight Centuries of Financial Folly, discusses the causes behind the current financial crisis and the measures needed to recover and grow. – YaleGlobal

Steps Out of the Global Development Crisis

Jens Martens September 20, 2010
As world leaders gather in New York to review the progress of the Millennium Development Goals set a decade ago, the enormity of the task ahead is clear. As the economic crisis spread across the globe, the government quickly adopted stimulus packages to stave off collapse. The fixes were temporary, though, failing to address immense structural challenges of trade imbalances, wage inequality and...