In The News

Beyond the Pomp and Pageantry

Nayan Chanda February 5, 2015
Barack Obama was the first US president to attend India’s annual Republic Day celebrations – an invitation that undoubtedly will add to improving relations between the two countries while lending speed to domestic reforms urged by Indian Prime Minister Narendra Mod, explains Nayan Chanda, YaleGlobal editor, in his column for Businessworld. “The highly symbolic visit by a US President and the...

A Not-To-Be-Missed Opportunity

Nayan Chanda January 30, 2015
The abrupt fall in oil prices, due to new technologies and a battle over market share between Saudi Arabia and the United States, creates clear winners and losers. Exporting countries that predicated budgets on oil priced near $100 per barrel struggle to adjust even as prices near $50 per barrel offer a brief respite for nations that depend on oil imports. “Amid signs that the price may fall...

A Shield That’s Not Required

Nayan Chanda January 15, 2015
Attempts to protect home markets signal a lack of confidence in the business community. A decision by the Modi administration in India “to oblige ministries to procure only locally-built electronic products not only marks a protectionist turn but also undermines the government’s avowed goal of fighting corruption and increasing transparency,” writes Nayan Chanda, editor in chief of YaleGlobal,...

Oil’s Well to Stop Binging

Nayan Chanda January 9, 2015
Consumers rejoice at the fast-falling price of oil, by half since summer of 2014. Nayan Chanda, editor of YaleGlobal Online, urges governments to use the period of respite to reduce reliance on fossil fuels, ending subsidies and instead investing in alternative energies like wind, solar and other alternative energies. The Modi administration in India has made a start, suggesting subsidies for off...

Incredibly Unwell India

Nayan Chanda December 15, 2014
With bacterial diseases emerging that are increasingly resistant to antibiotics, governments should step up monitoring, develop new lines of treatment and prevent overuse. In his column for Businessworld, YaleGlobal Editor Nayan Chanda points out how a manufacturing hub for a product encourages consumer use: “The rise of the country’s $12.4 billion pharmaceutical industry, producer of nearly one-...

A Disservice to the Diaspora

Nayan Chanda November 26, 2014
India’s strong diaspora, 25 million in all, contributes to economic growth in many ways. India is the world’s biggest recipient of overseas remittances, with amounts that surpass foreign direct investment. A large section of the diaspora often goes under-appreciated, comments Nayan Chanda, YaleGlobal editor in his Businessworld column: “Remittances from the diaspora have risen from a mere $2.1...

Seeds of a Modern Economic Empire

Nayan Chanda November 12, 2014
China is the world’s second largest economic power but lacks comparable voting power in the International Monetary Fund, which bases quotas mostly on GDP but also on openness, economic variability and international reserves. So China is throwing support behind another institution: The Asian Infrastructure Investment Bank, or AIIB, could “place China at the hub of a gigantic trade and economic web...