In The News

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...

Post-Brexit, Can a Kinder, Gentler Model Help Globalization Survive?

Peter Ford, Sara Miller Llana and Howard LaFranchi July 6, 2016
Politicians that do not learn lessons from Brexit, the United Kingdom’s decision to end membership with the European Union, will unleash new economic disruptions. “For years, a wave of anti-establishment resentment, feeding on anger at widening social inequality and hostility to foreigners, has been building across Europe,” writes Peter Ford, Sara Miller Llana and Howard LaFranchi for the...

Youth to Foot Bill for Baby Boomer Budget Incompetency

Jessica Irvine July 1, 2016
Young adults must become engaged in politics or risk living in poverty. “Borrowing rates are historically low,” explains Jessica Irvine for the Sydney Morning Herald. “But eventually the books should balance, and when they do, they will do so on the shoulders of future generations who will pay higher taxes than otherwise.” Her objections to rising debt and increased costs for education, housing...

Australia Foreign Debt Reaches Crisis Proportions

Philip Bowring June 29, 2016
Australia confronts declining prices in commodities, a shrinking currency and net foreign debt that exceeds A$1 trillion. “Servicing the long-term debt problem is an increasing concern, particularly if US interest rates begin to rise while commodity prices do no more than stabilise around current levels,” writes Philip Bowring for the Asia Sentinel. “Direct foreign investment is weakening because...

Brexit and Bust: Britain Plunges Into the Unknown

Daniel Twining June 23, 2016
The United Kingdom's decision to leave the European Union has shocked the world and is a wake-up call for the single market of 28 nations and more than 500 million people. The fury over economic and political cooperation that led to the referendum could intensify. “In unsettling ways, the June 23 referendum has put the future of Europe, the transatlantic alliance and the international...

Cheap Money Helped Inflate Energy Balloon

Rani Molla and Lisa Abramowicz June 20, 2016
The loose monetary policy applied by the US Federal Reserve, crafted to stimulate the economy after the 2007-2008 global debt crisis, may have also contributed to the shale oil boom and recent bust. The policy of reduced rates and borrowing costs may have encouraged speculative behavior as investors searched for high yields. “The increase in debt went hand in hand with a drastic increase in U.S....

Misplaced Charity

June 17, 2016
The aim of foreign aid is to alleviate poverty, while improving economies, services and governance and minimizing conflict. “Official development aid, which includes grants, loans, technical advice and debt forgiveness, is worth about $130 billion a year,” explains the Economist. Such aid transformed Taiwan and South Korea, but “can also burden weak bureaucracies, distort markets, prop up...