In The News

There’s No Stopping It

Nayan Chanda February 7, 2011
Internet and cell phones are essential tools for global business. Any attempt to cut the flow of communications invites anger, protest, confusion and embarrassing scrutiny, as it was discovered by the Mubarak government on 28 January. Egypt, hoping to hobble protesters and block international observers, ordered its internet providers to change gateway addresses and stop traffic. “The ploy failed...

Challenging Globalization

Nayan Chanda January 24, 2011
Americans are angry about economic decline. Though the country unleashed many of the forces that spur modern globalization, its politicians resist adapting to a globalized world. US companies find new opportunities, lower wages and an expanding middle-class customer base in overseas markets. Sharp political divide in the US adds to uncertainty and a floundering economy. Both major parties want to...

Dream Postponed

Nayan Chanda January 3, 2011
In design and manufacture, aircraft are among the most complex of products. Outsourcing of specialized features can provide efficiencies, but Boeing may have gone too far with the Dreamliner. About 70 percent of Boeing’s aircraft relies on outsourced components, reports Nayan Chanda, YaleGlobal editor, in his regular column for Businessworld, and the aircraft is two years behind schedule. One...

Falling Short on Skills

Nayan Chanda December 13, 2010
Technology has boosted industrial efficiency. Industrial growth, full employment and economic recovery require engineers, mechanics and a host of other highly skilled workers. Millions of jobs go unfilled in China, the US, Germany, India and other nations because managers in health-care, biomedical, aeronautical, energy, communication and other industries can’t find workers skilled in math,...

Let Down by Politics

Nayan Chanda December 6, 2010
When 20 global leaders convened in 2008 to review the unfolding credit crisis, many anticipated a new forum for global cooperation. In meetings since, “the leaders failed to reach an agreement on any of the contentious issues that threatened economic recovery,” writes Nayan Chanda, editor of YaleGlobal, in his regular column for Businessworld. Chanda urges patience, noting “It will take more than...

The Third Revolution

Nayan Chanda November 1, 2010
US citizens are angry about high unemployment rates, and candidates for political office rail about outsourcing to China or India. But blaming Asia is shortsighted, explains Nayan Chanda, YaleGlobal editor in his column for Businessworld, and can't ease consumers' desire for inexpensive products. A third industrial revolution is underway, as digital technology allows companies to easily...

Reverse Coupling

Nayan Chanda October 11, 2010
As the economies of Brazil, India and China continue fast-paced growth, many economists mull whether they have decoupled from traditional Western markets mired in debt, unemployment and banking crises – and are perhaps even capable of boosting the developed world. Nayan Chanda, YaleGlobal editor, examines two recent reports that examine decoupling trends between developed and developing nations:...