In The News

Brexit: Boon or Bane

Nayan Chanda July 11, 2016
The British decision to leave the European Union is expected to shrink global economic growth. “This means that the contributions made to the global economy by China, India and other developing economies would become more important than ever,” explains Nayan Chanda, YaleGlobal’s founding editor, in his column for Businessworld. Emerging economies confront enormous challenges, as suggested by the...

Time to Review FDI Rules

Nayan Chanda July 4, 2016
Politicians can’t resist hounding companies to create more jobs. Nayan Chanda outlines how India’s Prime Minister Narendra Modi rejected Apple’s proposal to set up stores because the firm could not source at least 30 percent of manufacturing materials from local vendors. “The kind of offset arrangement that foreign manufacturers might agree to – like building parts of an aircraft in exchange for...

India’s Education Deficit

Nayan Chanda May 30, 2016
Education, acquiring an ability to combine and apply knowledge and skills, is a driving economic force for the 21st century, suggests India’s Prime Minister Narendra Modi. The country must do more to prepare and employ its citizens, with more than half under the age of 30. “To employ its emerging young population, the country needs to create nearly a million jobs a month,” writes Nayan Chanda,...

The Ghost of Kyoto Still Lurks

Nayan Chanda May 19, 2016
Representatives of more than 170 countries have signed the Paris agreement, pledging to reduce reliance on fossil fuels and stem climate change – conceding “that climate change is a global problem and needs a global solution,” writes Nayan Chanda, founding editor of YaleGlobal Online in his column for Businessworld. But Chanda also expresses concern that the agreement may be a symbolic act and...

A Recipe for Disaster

Nayan Chanda May 9, 2016
Widening inequality has fueled a populism in democracies like the United States and France that counters the agenda of political elites. “Now the Panama Papers revealing a massive tax avoidance scheme by the world’s elite have added another black mark to globalization,” explains Nayan Chanda, founding editor of YaleGlobal Online in his column for Businessworld, referring to a massive leak of bank...

A Tale of Two Countries

Nayan Chanda April 19, 2016
China and India each have their own methods for developing their industries, and Nayan Chanda reminds that a nation’s foreign direct investment, inward or outward, can achieve more than economic goals. The founding editor of YaleGlobal Online outlines differences between the approaches employed by China and India: “The main difference between the two is that one aims to grab cutting-edge...

Down, But Certainly Not Out

Nayan Chanda April 6, 2016
The United States is gradually lifting restrictions on trade with Cuba and abandoning the lingering hostility after the end of the Cold War. Cubans, after enduring decades of a controlled economy and hardship, have pent-up demand and look forward to diverse products and business opportunities associated with trade. Nayan Chanda, founding editor of YaleGlobal, reports his observations during a...