In The News

The World Is Flatter

Nayan Chanda September 27, 2011
The United States seems to have a knack for ushering in changes, then failing to adapt to the challenges they bring. The failure of the US to adapt to the technology and finance-driven globalization it introduced to the world has prompted an alarming decline. In his regular column for Businessworld, YaleGlobal editor Nayan Chanda reviews “That Used to Be Us: How America fell behind in the world...

Stopping the Vicious Cycle

Nayan Chanda August 29, 2011
In the face of economic crisis and massive imbalances, the leaders of the world’s large economies, the Group of 20 or G-20, are paralyzed. “The weakness of western leaders is compounded by an abject absence of ideas about how to rescue the world economy,” writes Nayan Chanda, YaleGlobal’s editor, in his regular column for Businessworld. “Equally striking has been the silence of the BRICS – Brazil...

Let Down by Politics

Nayan Chanda August 15, 2011
In reducing the AAA credit rating for the US, Standard & Poor’s offered a forward-looking opinion on the risk of the nation meeting its obligations in full and on time. Rather than shun US treasury notes, investors sold off equities, putting the US stock markets into a nosedive. The reaction reflects deep skepticism, not about the quality of the debt, explains YaleGlobal Editor Nayan Chanda,...

Of Reversing Globalization

Nayan Chanda August 2, 2011
Threats to the status quo and fear of change, often helped along by outside forces, is the foundation for extremism. Economic crisis in Europe combined with high levels of immigration suggest that support for protectionist, anti-immigrant, anti-Islamic policies will only strengthen, explains Nayan Chanda, YaleGlobal’s editor, in his regular column for Businessworld. French politicians on the left...

Employment Versus Debt

Nayan Chanda July 26, 2011
Confronting an ongoing economic crisis, US politicians have assigned greater priority to the nation’s large deficit rather than an unemployment rate officially listed at 9.2 percent. Also overlooked is a report from the US Department of Labor that 3 million job openings go unfilled. It’s a head-scratching moment, suggests Nayan Chanda, YaleGlobal editor in his regular column for Businessworld,...

The Ticking Food Bomb

Nayan Chanda July 8, 2011
The globe confronts a perfect storm of challenges this century: climate change, rising inequality, limited fossil fuels and a growing population that put pressure food and water supplies. If population expands to 9 billion as expected, food demand will double by 2050 even as the rate of growth in the agriculture sector declines. Nations, fully aware, recognize that food shortages and price hikes...

Brics Bloc Bluster

Nayan Chanda June 20, 2011
When it comes to leadership of international institutions, the emerging BRICS economies could be all talk and no action. The leadership post of the International Monetary Fund is vacant, and initially the emerging powers insisted that the board should break from the tradition of naming a European as managing director of the 24-member governing board. That insistence was an empty threat. Brazil,...