In The News

Water, Down The Drain

Nayan Chanda April 30, 2013
Subsidies can lead to excess and waste. India is an export leader in water-intensive crops like rice and cotton due to subsidy-driven overproduction, aiming to provide low-cost grain. “Huge subsidies and wastage of food grains belie record exports and reckless use of India’s precious water patrimony,” argues Nayan Chanda, YaleGlobal editor, in his column for Businessworld. One study suggests...

Of the Party, For the Party

Nayan Chanda April 17, 2013
China’s new leadership has emphasized political reform in early speeches, but went one step further, promising “self-imposed revolution.” President Xi Jinping and other leaders have pledged “to fight red tape, conspicuous consumption by officials and … corruption,” reports Nayan Chanda in his column for Businessworld. “Not only will the size of the government be reduced, but ostentatious...

One Man’s Meat Is Another Man’s Poison

Nayan Chanda April 4, 2013
Advice on recipe substitutions is common in cookbooks, but diners don’t like big surprises. The food scandal in Europe exposed the ease at adding less expensive horse for beef in processed meals and the attraction of low-cost, processed foods for the poor. Europe’s horsemeat scandal won’t “reverse the global supply chain that has evolved over the last decade, bringing in efficiency and expanded...

Getting Ready to Print a New Future

Nayan Chanda March 12, 2013
Imaginations of inventors and investors are running wild at the thought of 3D printing technology, printer that can add “layers of microscopic material the way an inkjet printer delivers layers of ink on paper,” suggests Nayan Chanda, YaleGlobal editor, in his column for Businessworld, who adds, “there is no doubt that the technology has the potential to be as disruptive as the steam engine or...

The Route of the Problem

Nayan Chanda February 25, 2013
The pace of growth for India is slowing. With a young workforce and high technological skills, the country shows promise. But it must “clean up the governmental morass and think holistically about what needs to be done to take advantage of its global connections and promote sustainable growth,” argues Nayan Chanda in his column for Businessworld. Strong growth and prosperity require reliable...

Say It With Numbers

Nayan Chanda February 6, 2013
Manufacturers, especially on high-priced items like cars or electronics, are offering a bit more detail on the source countries for their products. More detail reveals the integration of the global economy and how globalization contributes to job growth. A new database from the World Trade Organization and the Organization for Economic Co-operation and Development – Trade in Value-Added, or TIVA...

The Price of Globalization

Nayan Chanda January 23, 2013
The interconnected world is not so different from a small community in that the greed or lack of foresight of a few can bring quick ruin. The US has $16.5 trillion in debt and a reduced revenue stream due to the global recession. Some conservatives demand harsh cuts in exchange for lifting an artificial debt ceiling, devised to control government spending. Delays in approving the debt ceiling...