In The News

Surprising But True, US Exports Are Growing

Edward Gresser October 20, 2010
Global recession struck in late 2008, and high levels of personal and public debt complicated reviving the US economy and consumer spending. Increasing exports is the fastest, most logical alternative for boosting economic growth and reducing unemployment. In January 2010, President Barack Obama set a goal of doubling the nation’s exports in five years – and the nation is on track, selling...

Taiwan's Medical Tourism Boom

Jens Kastner October 20, 2010
China does not provide socialized public health care for its 1.3 billion citizens, with health insurance covering about 40 percent of the population. The World Health Organization reports problems abound with China’s health system: Less than 15 percent of the nation’s medical professionals have a bachelor’s degree or higher; doctors outnumber nurses; and profit-taking leads to over-prescribing....

Jobless America Threatens to Bring Us All Down With It

Jeremy Warner October 15, 2010
The coordinated attempt to rescue economies of developed nations – pumping billions of dollars of stimulus funds into banks and public-works projects – did not resolve the structural problems caused by massive imbalances. As unemployment, housing foreclosures and credit difficulties continue to mar the economic outlook, international cooperation for economic troubles has vanished, contends Jeremy...

Once a Winner, China Sees Globalization’s Downside – Part I

David Dapice October 11, 2010
Globalization is a two-way street. Countries cannot endlessly send products out into the world and build up reserves without a push back – benefiting from the world without giving back something – explains this two-part YaleGlobal series. China’s thriving economy depends on exports. By holding down the value of its currency, Beijing attracted foreign investors, reduced prices for global consumers...

More Countries Adopt China’s Tactics on Currency

David E. Sanger, Michael Wines October 11, 2010
A proposal in the US Congress would impose tariffs on nations that keep their currencies artificially low. “But many around the world fear getting trampled as the United States and the Chinese battle each other,” explains this article in the New York Times. Japan, Brazil and other nations follow China’s lead, taking measures to devalue their currencies and boost exports as internal demand...

Reverse Coupling

Nayan Chanda October 11, 2010
As the economies of Brazil, India and China continue fast-paced growth, many economists mull whether they have decoupled from traditional Western markets mired in debt, unemployment and banking crises – and are perhaps even capable of boosting the developed world. Nayan Chanda, YaleGlobal editor, examines two recent reports that examine decoupling trends between developed and developing nations:...

Why the Financial Crisis and What Is the Way Out

Carmen Reinhart October 7, 2010
In an interview with Nayan Chanda, Professor Carmen Reinhart, co-author of This Time Is Different: Eight Centuries of Financial Folly, discusses the causes behind the current financial crisis and the measures needed to recover and grow. – YaleGlobal