In The News

India's Medical Tourism Industry

Neeta Lal June 2, 2010
Producers of necessary goods anticipate sustained profits, but that does not preclude competition in the areas of quality or affordability. As costs for health care climb in developed nations, India’s hospitals and physicians step up efforts to become a destination for tourists seeking a range of treatments. Travel companies organize trips, sometimes combining treatment with sightseeing tours;...

Entrepreneurs Wary of China Currency

Emily Maltby May 26, 2010
Any regulatory change creates winners and losers. Because of the strong trade relationship between China and the US, consumers and businesses in either country must adjust to changes from either government – and that includes the possibility of currency revaluation. Companies that export to China will benefit from revaluation, but the many small US businesses that depend on China for consistent...

The Web of Globalization

Nayan Chanda May 24, 2010
Can a country withdraw from globalization, or for that matter, give up democracy in order to benefit from global capital flow? In this column, YaleGlobal editor Nayan Chanda dissects the recent argument offered by Harvard economist Dani Rodrik, who suggests that “economic globalization, political democracy, and the nation-state are mutually irreconcilable.” Crises that disrupt global capital...

Taming Globalization? Kebabs, Mini-Skirts and Meth – Part II

Ilaria Maria Sala May 20, 2010
Citizens around the globe understandably want to honor and protect their culture, expressed through language, food and art, from “foreign” influence – although such influences were often essential in creating traditions. The second article of this two-part series examines Italy’s battle against globalization, as politicians scramble to outdo one another with populist laws aimed at banning foreign...

Behind the Drama in Europe Lies a Global Crisis

Edmund Conway May 20, 2010
The debt crisis in Greece exposes challenges for lenders and borrowers throughout Europe – testing cooperation and governance on the continent. National governments disagree on many matters ranging from stricter regulations for hedge funds to a proposal requiring approval for national budgets from the European Commission. Politicians – seeking to maintain their hold on power – are wary of...

American Made…Chinese Owned

Sheridan Prasso May 13, 2010
Chinese companies are increasing US investments and adding jobs, particularly throughout the conservative South. Wages still remain high by Chinese standards, but land is cheap and energy is reliable. In a cover article for Fortune Magazine, Sheridan Prasso reports that more than 30 states, ports and municipalities have hired representatives and offered tax incentives to lure Chinese companies...

Lessons From Athens

Nayan Chanda May 12, 2010
Carefree spending on borrowed funds is not sustainable. Europe could not handle fast assistance to debt-laden Greece on its own and had to turn to the International Monetary Fund for additional financial support. Eurozone nations and the IMF imposed stringent conditions, and future borrowing by the Greeks will carry heavy costs. “The same global liquidity that can fuel growth can also evaporate...