In The News

Flattening World Challenges Imagination

April 13, 2007
Thomas L. Friedman, foreign-affairs columnist of “The New York Times,” whose “The World Is Flat” has become an international bestseller, says the process of flattening is intensifying. With multiplying distributive tools of innovation and collaboration, whatever can be done will be done, Friedman explains in this interview with YaleGlobal Editor Nayan Chanda on March 30, 2007. The question is who...

Global Growth Can Be Sustained, Says IMF

Larry Elliott April 12, 2007
General trends such as protectionism and aging populations pose more risk to the global economy than the problems of any specific nation, according to the biannual report on the state of the global economy from the International Monetary Fund (IMF). Recent stock-market jitters and the slowing US housing market are unlikely to dampen global economic growth, the IMF report notes. The US slowdown...

In Washington: Gutsy New House Speaker

M.J. Rosenberg April 12, 2007
Floundering with its own Middle East policy, the Bush administration targets criticism on Nancy Pelosi, speaker of the House of Representatives and third highest ranking public official in the US, for her visit to Syria. Critics suggest that she interfered with presidential authority by meeting with Syrian President Bashar Assad. In Syria, Pelosi reiterated US support for negotiations with Israel...

Multinationals: Globalization's Offspring

April 10, 2007
Scrappy new multinational firms are emerging all over the world: Hindalco and Tata from India, Lenovo and PetroChina from China. “Just as Toyota and Samsung eventually obliged western multinationals to rethink how to make cars and consumer electronics, so today's young thrusters threaten the veterans wherever they are complacent,” notes this article in “The Economist.” The new firms are...

Stock Market Hiccups No Cause for Worry

Manu Bhaskaran April 5, 2007
Economists debate whether the financial interdependence of the modern world provides insulation against shocks or sets the stage for a chain reaction of woes. Every major power has its financial weak point – immense debt for the US; regional conflicts and poverty for India; and a lack of transparency for China combined with uncertainty over how communist leaders can control a population accruing...

Turning Globalization on Its Head

April 4, 2007
People who want to join the global economy must do more than learn about it from home. Germany has a shortage of qualified information-technology personnel – and must outsource such jobs to India. As a result, more Germans travel to India for internships and jobs. Likewise, Indian firms are starting businesses in Europe. Germany faces some big hurdles in any attempts to welcome firms and workers...

As Globalization’s Benefits Grow, So Do Its Skeptics

David Wessel April 3, 2007
Global trade is suspect among some in the West because of globalization’s implied dichotomy of winners and losers. Fearing displacement of North American jobs, many US workers have little faith that globalization delivers wide-scale benefits. Citizens rally around globalization efforts more readily when combined with simultaneous investments in improving foreign relations, argues journalist David...