In The News

Why the Critics of Globalization Are Mistaken

Jagdish Bhagwati October 8, 2008
The centuries-old process of globalization – people in search of the best locations for their families, the best ideas for organizing daily life – has become an easy target in a more crowded world: workers fear factories and jobs relocating overseas, environmentalists worry about development shifted to countries with minimal enforcement, and savers fret about irresponsible spending and investment...

Today's Capitalism Has Run Its Course

Bashir Goth October 7, 2008
As with politics, extremist and rigid economic policies cannot be sustained. As investor trust wanes and a credit crunch grips the globe, critics lash out. But extremist responses, pure capitalism or pure socialism, are inappropriate, suggests Bashir Goth writing for PostGlobal, moderated by Fareed Zakaria of Newsweek and David Ignatius of the Washington Post. “Just like we need and preach...

Thirsty Giant

Somini Sengupta October 7, 2008
In India's capital city, explains journalist Somini Sengupta, increasing demand and weak public water and sanitation systems have left even middle-class people "foraging" daily for water, testifying to "the government's astonishing inability to deliver the most basic services to its citizens at a time when India asserts itself as a global power." When water rushes...

Pink Floyd's Money Travels Long Way to Mongolia

William Pesek October 6, 2008
Natural resources can be a boon to a nation's economy – just ask landlocked Botswana, which enjoyed tremendous growth, thanks to its diamond deposits. However, abundant minerals, gas, and oil can hinder a country's economic progress, if governments over-invest in such booming industries at the expense of building manufacturing or agricultural sectors. Without a diversified, bustling...

The Russian Challenge – Part II

Joergen Oerstroem Moeller October 6, 2008
For enduring success in this era of interdependence, negotiation rather than military power might prove more effective. Neighboring and competing states automatically flinch from those who employ bullying tactics, and long to follow countries that lead by example. This YaleGlobal series examines Russia’s relationship with Europe and the US, and in the second part of the series, former diplomat...

Rise of the Rest: The Challenges of the New World Order

Wolfgang Nowak October 3, 2008
As the US confronts economic crisis and immense debt, the nation can no longer readily afford initiatives that benefit the globe, from funding research to removing dictators. Power has shifted from the US and Europe toward India, China, and Russia, as well as the Arabian Gulf states; lacking a single dominant power that can act alone, the world must adjust to groups of nations resolving global...

Green View: Testing Metal

October 3, 2008
Consumers take products like aluminum for granted but resent the smelly, unsightly smelters that produce the product. As a source of cheap clean geo- and hydropower, Iceland has attracted aluminum smelters. Yet increasingly, Icelanders question whether they should sacrifice their landscape for the good of the planet – with some suggesting that global consumers could do more to conserve products...