In The News

Trade With Caution

Nayan Chanda October 10, 2014
Foreign direct investment in target emerging economies is competitive. Japan and China have each announced new investments in India. The investors do not simply rely on geopolitical imperatives. “Sitting on a reserve of $4 trillion, China needs profitable avenues to use its savings and find employment for its citizens. Chinese companies need places to invest their cash reserves, export their...

Not End of the Road Yet

Nayan Chanda September 22, 2014
Individuals and countries, too, find it convenient to blame their own failings on globalization, with many going so far as to suggest that the interconnections can be halted. Reports of a decline in globalization are greatly exaggerated, argues Nayan Chanda, YaleGlobal’s editor in his column for Businessworld. The process of new connections is uneven yet ongoing, ever picking up speed and volume...

Match Speech With Action

Nayan Chanda September 8, 2014
Political leaders understand what their countries must do to compete in global markets and create sustainable economies over the long term. Education systems must prepare students with a skill set – reading for understanding complicated directions and to conduct research; math, critical thinking and analysis for problem solving of all types; confidence to sell goods or speak out on challenges to...

An Opportunity That India Let Go

Nayan Chanda August 11, 2014
India may have missed a rare opportunity to reform an antiquated program of agriculture subsidies with the support of the World Trade Organization. The newly installed Modi administration also signaled to the global business community that the country may not be ready for serious reform. “By standing alone against all, including its partners in BRICS, the G-20 and G-33, and threatening to scuttle...

A Herb for All Cures

Nayan Chanda July 24, 2014
India, under Prime Minister Narendra Modi, will proceed with a controversial universal identification card known as Aadhaar, an initiative launched by the previous administration. “To take full advantage of this simple but effective tool of governance, the government, though, needs to clean up the implementation of the programme that has been marred by inefficiency and misuse,” writes Nayan...

Modi’s Brics Summit Challenge

Nayan Chanda July 7, 2014
Leaders of Brazil, Russia, India, China and South Africa, the so-called BRICS, meet July 14-16. The theme for discussions: “Inclusive growth: sustainable solutions.” India’s Prime Minister Narendra Modi is new to the summit; his “diplomatic skills in preserving India’s interests will …be tested as Xi attempts to turn Brics into a platform from which to advance China’s global agenda,” explains...

Rise to the Rising Sea Levels

Nayan Chanda June 26, 2014
Evidence of a warming planet is on full display – advanced degrees in science is no longer needed. Farmers cope with droughts, insurers compensate victims of violent storms, pilots on transatlantic flights point out a Greenland with massive swaths no longer white with snow and ice in springtime. “Warm weather is leading ice sheets to break up and turning glaciers into flowing streams,” writes...