In The News

A Tale of Two Middle Classes

Nayan Chanda December 20, 2016
Worry and anger permeate the middle classes of Asia and the Americas, and in a world that is tightly interconnected, individuals perceive cross-border competition. During the US presidential campaign, President-elect Trump suggested that “unfair trade deals” had hurt US workers and communities, and he promised to tighten immigration rules and curb abuses associated with the H1-B and other visas....

Promises Trump Can’t Keep

Nayan Chanda November 28, 2016
US President-elect Donald Trump made big promises on trade and jobs that will be tough to keep without wrecking key industries along with the global economy. Essentially, he suggested that he could restore US manufacturing jobs by blocking new trade deals like the Tans-Pacific Partnership and walking back on old deals like the North Atlantic Free Trade Agreement. The plan has problems. Such trade...

A Strange American Election

Nayan Chanda October 10, 2016
The outcome of the US presidential race will influence world policies and markets, and the debates and many news reports command a global audience. Donald Trump, businessman and television celebrity, is running against Hillary Clinton, former US secretary of state and US senator. “Thanks to the unprecedented rise of an ignorant, blowhard reality TV star as one of the contestants, the world’s...

Question Mark Over TPP

Nayan Chanda September 14, 2016
The outlook for the Tans-Pacific Partnership appears bleak with only a few months remaining for the Obama administration. Trade has been vilified in the US presidential campaign. “Given the lofty rhetoric and expectations surrounding the 12-nation trade pact, its increasingly perilous path to fruition is already causing damage to US standing in Asia and opening the door further for China’s...

Two Faces of Global Trade

Nayan Chanda August 30, 2016
A steel glut in China – due to stimulus funding and weak economic recovery since 2007 – has led to a trade war. China controls half the world’s steel production, and the United States, Europe and others have responded with new duties on steel imports. “Cut-price steel causing unemployment has emerged as a lightning rod for discontent about globalization,” explains Nayan Chanda, YaleGlobal...

Food for Thought

Nayan Chanda August 15, 2016
US presidential candidates, sensing anti-trade sentiment among voters, rely on populist strategies, much like Indian Prime Minister Modi’s “Make in India” campaign, encouraging manufacturers to create jobs close to home. “Even if protectionist urges dwindle after the election, anti-trade sentiment will linger to the detriment of export-dependent emerging economies,” writes Nayan Chanda in his...

It’s Just a Stealth Reform

Nayan Chanda July 25, 2016
The Indian government is promoting textile and garment production to restore the country’s manufacturing prowess while also slipping in labor reforms. “By highlighting subsidies and higher wages for workers while increasing the hiring and firing power of employers the government has adopted the tactic of stealth reform,” writes Nayan Chanda, founding editor of YaleGlobal Online, in his column for...