In The News

The Third Revolution

Nayan Chanda November 1, 2010
US citizens are angry about high unemployment rates, and candidates for political office rail about outsourcing to China or India. But blaming Asia is shortsighted, explains Nayan Chanda, YaleGlobal editor in his column for Businessworld, and can't ease consumers' desire for inexpensive products. A third industrial revolution is underway, as digital technology allows companies to easily...

Chinese Bank Chief Urges Push Overseas

Jamil Anderlini October 28, 2010
Crisis provides opportunity, the old Chinese saying goes, and the Bank of China's chairman sees economic opportunities as banks of other nations struggle to recover. His comments could signal an end to a government ban on offshore mergers and acquisitions by Chinese financial groups, notes Jamil Anderlini for the Financial Times. The informal ban has been in place since 2007 as recognition...

China Set to Claim Supercomputing Crown

Joseph Milton October 28, 2010
For solving the world's biggest problems in defense, energy, finance or physics, China could have a new edge. The nation is poised to take the world's top spot in supercomputers, bypassing the United States. The Tianhe-A1 computer – developed by the Chinese National University of Defense Technology – is 2.5 petaflops, significantly faster than the fastest US computer with 2.3 petaflops...

Online Technology Challenges Censors – Part II

Bruce Judson October 25, 2010
More goes online in a day than one person could read in a lifetime, and that includes some of the million books released each year by publishers around the globe. This YaleGlobal series explores the challenges for authoritarian regimes in monitoring the internet’s new levels of information overload. In the second article of the series, author Bruce Judson describes how digital technology...

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....

Regulations and Security Concerns Hinder Asia’s Move to Cloud Computing

Wayne Arnold October 15, 2010
Rather than invest in expensive equipment for a specific event, businesses and governments can lease computer services for a limited time. Singapore has emerged as a regional center for such operations, and the Youth Olympic Games – managing more than 20,000 participants and 350,000 spectators – served as “a showcase for cloud computing in Asia: software, data storage, networking and even...

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...