In The News

Chronic Problems, Not Just Crises, Should Be a Global Health Priority

James Chen September 1, 2016
Sudden outbreaks of diseases like Zika or Ebola ignite alarm while chronic medical conditions, many easily prevented, are often ignored or accepted because they seem less urgent. Societies must revise priorities to “unlock the full potential of the developing world, argues James Chen, writing for Stanford Social Innovation Review. “The World Health Organization recently estimated that the global...

Two Faces of Global Trade

Nayan Chanda August 30, 2016
A steel glut in China – due to stimulus funding and weak economic recovery since 2007 – has led to a trade war. China controls half the world’s steel production, and the United States, Europe and others have responded with new duties on steel imports. “Cut-price steel causing unemployment has emerged as a lightning rod for discontent about globalization,” explains Nayan Chanda, YaleGlobal...

Brexit Blues in Central Europe

Joji Sakurai July 28, 2016
Europe's opponents of immigration may be triumphant about Brexit, but the crowing won’t last long in countries that depend on the European Union for technical advice, aid, trade and foreign investment that allowed them to outperform the European Union as a whole. “To hear the rhetoric, one might assume that ‘Huxit’ or ‘Czexit’ – departures by Hungary or the Czech Republic – may be around the...

India’s Digital Revolution Poised to Propel Services

Nandan Nilekani July 26, 2016
India is poised to revolutionize the service industry, in such a way that borrowing, saving and transferring money could happen as swiftly as sending an email. This technological leap enables India to rely more on services and domestic consumption even as world trade is slumping. A nationwide government initiative encouraging financial inclusion and bank accounts, combined with biometric-based...

It’s Just a Stealth Reform

Nayan Chanda July 25, 2016
The Indian government is promoting textile and garment production to restore the country’s manufacturing prowess while also slipping in labor reforms. “By highlighting subsidies and higher wages for workers while increasing the hiring and firing power of employers the government has adopted the tactic of stealth reform,” writes Nayan Chanda, founding editor of YaleGlobal Online, in his column for...

A Quarter Century of Market Reform Leaves India Richer With Wider Inequality

Dilip Hiro July 12, 2016
India opened to the world in 1991 with its New Economic Policy that embraced economic liberalization and privatization. The policies lifted India’s GDP, but also widened the gap between rich and poor, explains Dilip Hiro, author of 36 books including “The Age of Aspiration: Power, Wealth, and Conflict in Globalizing India.” Services have climbed, contributing to a growing economy boosted by the...

Brexit: Boon or Bane

Nayan Chanda July 11, 2016
The British decision to leave the European Union is expected to shrink global economic growth. “This means that the contributions made to the global economy by China, India and other developing economies would become more important than ever,” explains Nayan Chanda, YaleGlobal’s founding editor, in his column for Businessworld. Emerging economies confront enormous challenges, as suggested by the...