In The News

Say It With Numbers

Nayan Chanda February 6, 2013
Manufacturers, especially on high-priced items like cars or electronics, are offering a bit more detail on the source countries for their products. More detail reveals the integration of the global economy and how globalization contributes to job growth. A new database from the World Trade Organization and the Organization for Economic Co-operation and Development – Trade in Value-Added, or TIVA...

The Price of Globalization

Nayan Chanda January 23, 2013
The interconnected world is not so different from a small community in that the greed or lack of foresight of a few can bring quick ruin. The US has $16.5 trillion in debt and a reduced revenue stream due to the global recession. Some conservatives demand harsh cuts in exchange for lifting an artificial debt ceiling, devised to control government spending. Delays in approving the debt ceiling...

The Post-Crisis Crises

Joseph E. Stiglitz January 15, 2013
Caught up with many pesky invented crises, the US and Europe are neglecting pressing long-term problems. The most serious is the failure to address global climate change, argues Joseph Stiglitz for Project Syndicate. He notes that every delay will require sharper reductions from future generations. Stiglitz argues that “retrofitting the global economy for climate change would help to restore...

Nationalism Rises in Northeast Asia

Jean-Pierre Lehmann January 4, 2013
The job-creating economies of the Northeast Asia Pacific region are the envy of the world. China, Japan and Korea – the world’s second, third and eleventh largest economies, respectively – are significant global economic powers. China, Japan and South Korea are major trade and investment partners, each thriving by embracing economic globalization. But because of historical differences and...

Governance Falls Behind Globalization

Ernesto Zedillo December 3, 2012
Many in the world point to the need for mechanisms to monitor and control globalization, particularly after a decade when debt crises in one country spread quickly around the globe. Yet as economic interdependence continues to build, governance is not keeping pace. Ernesto Zedillo is director of the Yale Center for the Study of Globalization, and as YaleGlobal Online marks its 10th anniversary,...

Inequality Breeds Resistance to Globalization

Pranab Bardhan November 27, 2012
Many critics point to globalization, its swirling influences over worldwide connections through trade, technology and communications, as a culprit behind growing inequality. Yet Pranab Bardhan, economist with the University of California, Berkeley, points out that the connections deliver both opportunities and challenges. Multiple forces contribute to entrenched economic inequality in so many...

An American President in the Age of Globalization

Strobe Talbott November 19, 2012
This week YaleGlobal Online marks its 10th anniversary and coincidentally it’s also a period of global transition. In Washington and Beijing, new administrations prepare to take the reins. We begin this week with an analysis of the significance of President Barack Obama’s reelection by Strobe Talbott, the first director of the Yale Center for the Study of Globalization, of which YaleGlobal is the...