In The News

Brexit Wreckers: New Statesman

Stephen Bush April 5, 2019
The United Kingdom joined the European Economic Community in 1973 and the complex political and economic structures have integrated and grown together since. The UK’s exit from the European Union is no easy task, with polarization and no clear majority on how to proceed. The best approach for all involved is a unified one that transcends usual politics. Prime Minister Theresa May has “...

Japan Bank Fuels Global Lending: Wall Street Journal

Telis Demos and Sam Goldfarb February 19, 2019
Corporate debt is unnerving some investors. For companies with low ratings, Norinchukin Bank in Japan with about $600 billion in deposits from agricultural and fishing collectives can come to the rescue. The company with about $1 trillion in assets, holds about $700 billion in collateralized loan obligations, which in turn cover about half of US loans to junk-rated companies, report Telis Demos...

Financial Times: US Relations With Allies at New Lows

Chris Giles June 11, 2018
Trade tensions made for an acrimonious G7 summit, reports Chris Giles for the Financial Times: “The west was in disarray after Donald Trump left the summit early, instructed his officials to tear up the bland G7 statement, threatened to impose more tariffs and called the Canadian prime minister ‘very dishonest and weak.’” Trump administration officials became defensive after G7 host and Canadian...

Spiegel: Fixing the Euro

Henrik Enderlein June 6, 2018
The European Union has a lingering problem with some members taking on excessive debt. In turn, economic woes fuel resentment against more disciplined members, suggesting that some loans could go unpaid. “The danger emanating from the current, out-of-control situation doesn't just come from the possible return of the euro crisis and its far-reaching consequences for growth and prosperity,”...

Times of India: Zigzags in Trump’s Trade Policy

Nayan Chanda June 5, 2018
The Trump administration goes back and forth with threats over trade deficits and demands that China, Canada, Mexico and other countries purchase more US-made goods. Nayan Chanda, founding editor of YaleGlobal Online, ponders whether abrupt announcements from the president are intended to maintain pressure on other nations during negotiations or boost domestic support. “Whatever the motivation,...

CBS News: Trump’s Overflowing Trade Plate

Rachel Layne May 31, 2018
Despite US deficits with China, cross-border trade contributes numerous benefits: more total of jobs for each country along with low-cost goods and higher standards of living. With trade boosting economic growth, governments must enact policies that distribute the wealth with a mixture of social services, infrastructure investment and tax reductions. The United States, relying on deficit spending...

The Asia-Pacific Journal, Japan Focus: US-Chinese Tensions in the Trump Era – The Pitfalls of Economic Codependency

Stephen S. Roach March 4, 2017
Strident rhetoric about competitors and rivals is common in US presidential campaigns, and the Trump administration has appinted a team whose "anti-China credentials are without modern precedent,” explains Stephen Roach, author and Yale faculty member for the Asia-Pacific Journal: Japan Focus. “Its initial pronouncements point to a wide range of economic and political sanctions – from...