In The News

In US, Every Four Years, Much Ado Over China

Edward Gresser February 15, 2012
Railing against China’s trade policies has long been campaign fodder in US elections, and a visit this week by China’s presumptive incoming president could turn up the volume. It’s an old pattern, observes trade expert Edward Gresser. The party out of power may rail against unfair trade practices – but once in office, US presidents quickly discover that campaign promises on China are tough to...

For US, Europe’s Debt Woes Are an Ocean Away

Bruce Stokes February 13, 2012
Ignoring the European debt crisis is reckless for a major economy like the US – though riots in the streets of Athens, a reaction to austerity measures, may prompt new heed. Bruce Stokes points to many reasons for the US to act swiftly on the euro-crisis: Nearly 60 percent of overseas profits for US multinationals come from the continent, with 20 percent of US exports headed to Europe; austerity...

China: Hard Power at Home, Soft Power Abroad

Frank Ching February 8, 2012
China’s hard-edged regime, struggling to wield soft power, is concerned by the dominating influence of Western media and culture. China’s government is taking steps to remedy the problem, explains journalist Frank Ching. One success story is the establishment of more than 300 Confucius Institutes, many linked with universities, teaching Chinese language and culture in nearly 100 countries....

Where Will the Muslim Brotherhood Take Egypt’s Economy?

Mohamed El Dahshan February 6, 2012
The Muslim Brotherhood is Egypt’s largest opposition group, so it’s no surprise that its political arm, the Freedom and Justice Party, secured nearly half the votes in parliamentary elections. Campaign rhetoric proposed alcohol restrictions, gender-segregated beaches, and revision of Egypt’s peace treaty with Israel. Ready to step into power, Islamists already have more pressing matters: an...

France Deals With Globalization Crisis – Part II

Alain Renaudin January 27, 2012
Citizens of wealthy nations blame globalization and competition from Asia for unemployment and other economic woes. This two-part YaleGlobal series analyzes the temptations of protectionism, particularly in France during its presidential election campaign. Promoting labels that identify a product’s country of origin is not a solution, argues Alain Renaudin in the second and final article, and the...

France Deals With Globalization Crisis – Part I

Pierre-Noel Giraud January 24, 2012
Multinational companies have shifted manufacturing operations and research and development from West to East, taking advantage of low wages and huge Asian markets poised for growth. On the global trade front, countries like France feel battered, and political leaders increasingly toy with protectionism. This YaleGlobal series offers ideas on how nations can optimize globalization’s benefits. In...

India Not Shining Any More

Ashok Malik December 20, 2011
The world’s largest democracy wages constant battle against entrenched special interests and the lure of socialistic protectionism. The most recent skirmish was on India’s plan to allow limited foreign direct investment in the retail trade. Critics rallied, raising doubts about the government’s ability to protect small traders against giants like Walmart, Carrefour and other foreign retailers....