In The News

The World Looks to Obama – Part II

Mary Kay Magistad November 7, 2008
For nations around the globe, the US plays various roles – trendsetter, shopper, policeman, inventor and more. For China, the US, as the largest market for Chinese exports, is a valued customer. This YaleGlobal series examines world reactions to Barack Obama’s victory and his likely approach to critical foreign policy issues. In the second article of the series, journalist Mary Kay Magistad...

The World Looks to Obama – Part I

Bruce Stokes November 5, 2008
Tackling global challenges is nearly impossible when the world’s sole superpower – the largest economy, the largest user of energy, the most powerful nation technologically – does not pitch in. A YaleGlobal series analyzes foreign reaction to the US election and explores how President-elect Barack Hussein Obama is likely to respond to the global expectations from his presidency. In the first...

As China's Losses Mount, Confidence Turns to Fear

Ariana Eunjung Cha November 5, 2008
A global credit crisis has prompted consumers worldwide to slow spending, leading to shuttered factories in China. Leaders of China, like those throughout the world, worry that economic crisis could trigger political instability and demands for change. Growth in the domestic national product, whiles till approaching 10 percent, has been slow by Chinese standards. The government has acted...

The Global Financial Crisis: Lessons for the United States and China

Albert Keidel November 3, 2008
Some analysts in emerging economies make the mistake of assuming that the current global financial crisis reveals weaknesses in the political and economic systems of scientifically and economically advanced nations, notes Albert Keidel, senior associate with the Carnegie Endowment for International Peace. Such systems are works in progress, and crises that emerge from mistakes, bubbles, the lack...

Globalization and the New Nationalism Collide

Philip Stephens October 29, 2008
The global financial crisis has exposed mutual interdependence and the need for multilateral rules. Leaders like Gordon Brown, Nicolas Sarkozy and George Bush plan international meetings, including leaders from emerging economies, and talk of the need for international regulations. Contradicting the internationalist spirit is nationalistic talk – opposition to foreign investment, immigration or...

Do You Really Want This Job?

David Dapice October 24, 2008
An era of the US living beyond its means has come to an abrupt end, with a flailing stock market and credit freeze, mounting job losses, wages that do not keep pace with climbing housing prices, and the world’s costliest health care system that fails to cover all citizens. The next US president, to be decided in the November 4 election, will inherit a battered economy that restrains any US role...

How Can We Preempt Investment Protectionism?

Ernesto Zedillo October 23, 2008
Nations laden with debt fret about investments by overseas cash-rich sovereign wealth funds. “The most common fears are that the SWFs, being government-owned, may be used not only for the purpose of receiving attractive returns on their investments but also for pursuing geopolitical objectives, gaining control of strategic natural resources or extracting sensitive technologies; that they could...