In The News

Why Erdoğan Shouldn't Double Down on Dictatorship After Coup Attempt

Mohammed Ayoob July 19, 2016
Turkey is strategically essential for Europe, the United States and NATO, but doubts have emerged about the nation’s policies during the past year with repression of opposition groups. The organizers of the failed coup may have miscalculated on how much support they might receive from marginalized groups in a divided Turkey. “Politicians of all hues, including the secularists, the...

Electorate Tremors: The Era of the Angry Voter Is Upon Us

Julia Amalia Heyer, Gordon Repinski, Mathieu von Rohr, Christoph Scheuermann and Holger Stark July 15, 2016
Voters are outraged about intense global competition that has put local factories and other workplaces on notice, reducing jobs and wages. Voters in democracies worry about losing control over communities, and they blame all facets of globalization. “The outrage is directed against elites in politics and in the business community, against the established political parties, against the ‘mainstream...

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...

The Impossibility of a “LatAmExit”

Patricio Navia July 8, 2016
“Tis better to have loved and lost than never to have loved at all," wrote British poet Alfred Lord Tennyson. Patricio Navia, writing for Buenos Aires Herald, applies that sentiment to Brexit: “The only thing worse than risking the possibility that a member chooses to leave a regional integration initiative with more successes than failures, is that there is no such union,” he writes. “Latin...

The UK Will Survive, But Europe Won't

Sławomir Sierakowski June 27, 2016
Voters in Europe and the United States are increasingly lulled by the wild promises of populists who seek change and destruction of global institutions masterminded by elites. “The economy has gone global, but politics is still a national process,” writes Sławomir Sierakowski. “This disconnect has created the sense, among ordinary citizens, that democracy – the people’s will – has been undermined...

Brexit Is a Rejection of Globalization

Larry Elliott June 27, 2016
The less affluent fear political unions and expanding institutions because they lack power and control. With more concentrated power, wealth and influence the have-nots resist globalization, clinging to populist promises and local controls. Britain’s decision to leave the European Union reflects dissatisfaction with an economic model in place for three decades and its distribution of benefits. “...