In The News

The Omnipresent Craft: Graft

Nayan Chanda February 4, 2014
The “opening up of a country to trade and investment has created opportunities for bribery and corruption on a scale greater than at any other time in the past,” writes Nayan Chanda, YaleGlobal’s editor, in his column for Businessworld. But the internet rallies citizens to protest corruption, too. Corruption in politics or business – including bribes and kickbacks, abuse of power, nepotism,...

Growth and Globalization Cannot Cure All the World’s Ills

Gideon Rachman January 30, 2014
Global leaders and elites, such as those who gathered for the World Economic Forum in Davos, regard economic growth via globalization as the prescription for difficulty or political conflict, suggests Gideon Rachman for the Financial Times. But economic growth, globalization and capitalism do not necessarily curtail inequality, instability, environmental degradation, nationalist rivalries, jihad...

What AAP Should Know

Nayan Chanda January 27, 2014
Recently the Delhi law minister from the newly elected Aam Aadmi (Common People) Party led a mob to harass African women suspected of illegal activity. In the process he and his supporters uttered racist words. Video clips from a decade ago also show another leader of the Aam Aadmi Party, poet Kumar Vishwas, making racist remarks. Such racism is foolish and ignores the ancestry of Indians as of...

How Globalization Isolates Struggling Cities

Aaron M. Renn January 8, 2014
The government and businesses of Chicago probably have more to do with cities in Germany or Japan than Indianapolis, the capital city of a neighboring state about 300 kilometers away, as suggested by Richard Longworth in his book “Caught in the Middle: America’s Heartland in the Age of Globalism.” And communities increasingly embrace such long-distance connections: “In the age of globalization,...

How Globalization Has Left the 1 Percent Further Ahead

Tavia Grant, Janet McFarland November 28, 2013
Canada is not alone with a widening income divide – a few making great gains while the vast majority struggles with stagnant wages. Analysis from the Globe and Mail points to globalization as the reason. US competition may pressure wages, and the skilled with global appeal are paid more than those with local appeal. “The top 1 per cent of earners [has] seen growing demand for their specialized...

Snowden and Obama Slow Down Globalization

Irwin M. Stelzer November 13, 2013
Policies and individuals can influence globalization’s pace. Writing for the Weekly Standard, Irwin Stelzer blames former US National Security Agency contract worker Edward Snowden – his release of National Security Agency documents revealing methods and targets – and President Barack Obama for slowing globalization by hampering free trade, capital flows and foreign investment. “Neither [man]...

Trade: Into Uncharted Waters

Shawn Donnan October 31, 2013
The pace of global trade has slowed. “For the past three decades, trade has regularly grown at twice the rate of world gross domestic product,” writes Shawn Donnan for the Financial Times. “This year, trade is expected to grow just 2.5 per cent, compared with GDP growth of 2.9 per cent.” Economists debate whether the dip is temporary or signals structural change in global trade and supply chains...