In The News

China's Steel Industry Is Dominating the Global Market

Peter Pham May 2, 2016
China is the world’s biggest steelmaker, explains Peter Pham for Forbes. The country manufactures nearly half the world’s steel, essential for modern economies and infrastructure. Other Asian nations make 19 percent of the world’s steel; the EU, 10 percent; and NAFTA, 7 percent. As Chinese leaders try to transform the economy toward more services and reduce manufacturing, investment in Chinese...

Memorandum to Hillary Clinton and Donald Trump

From: Jeffrey E. Garten April 28, 2016
Trade policy is among the issues prompting US voters to coalesce around Hillary Clinton and Donald Trump as presumptive nominees for president. Clinton opposes the Trans-Pacific Partnership, calling for a crackdown on trade violations and more enforcement; Trump is critical of nearly all trade agreements, vowing to get tough with top partners like Mexico and China. “The problem is not with the...

OECD Issues Damning Report on Effect of Brexit

Chris Giles April 27, 2016
The Organization for Economic Cooperation and Development argues that Brexit – the UK leaving the European Union – would be an economic shock with costs. “In the longer term, [the OECD] calculates that more restrictive trading arrangements with the EU alongside less competition, lower foreign direct investment and fewer skilled immigrants, would hit gross domestic product by a central estimate of...

Global Obama Versus Nationalist Europe

Daniel Williams April 25, 2016
US President Barack Obama is urging Europeans to stay united to better manage he increasing tally of cross-border challenges what author Daniel Williams calls “unbridled globalization.” Writing for TheWorldPost, he explains, “The fight is between the globalizers, of which Obama has emerged as a key spokesman, and nationalists, represented by a host of right-wing parties and populist politicians...

Recruiting Students Overseas to Fill Seats, Not to Meet Standards

Stephanie Saul April 20, 2016
Responding to budget cuts from state legislatures, US public colleges increasingly rely on international students who pay higher tuition fees. Some universities rely on recruiting agencies to target international students, some of whom may be poorly prepared. Reporting for the New York Times, Stephanie Saul describes Western Kentucky University’s deal with Global Tree Overseas, paying commissions...

A Tale of Two Countries

Nayan Chanda April 19, 2016
China and India each have their own methods for developing their industries, and Nayan Chanda reminds that a nation’s foreign direct investment, inward or outward, can achieve more than economic goals. The founding editor of YaleGlobal Online outlines differences between the approaches employed by China and India: “The main difference between the two is that one aims to grab cutting-edge...

Corporations’ Flight to Low-Tax Countries Angers US

Farok J. Contractor April 12, 2016
US presidential candidates are responding to voters' ire over a complex tax code that shields the wealthiest from tax payments. Reports of corporate inversions – US firms relocating headquarters to take advantage of lower tax rates in countries like Ireland – highlight the negative consequences of globalization for voters already angry about entrenched income inequality, outsourcing and job...