In The News

Jobs Across the Web

Nayan Chanda March 13, 2014
The tech industry is now changing the nature of outsourcing. Employees no longer must leave country or home, and companies can pay for the amount of labor they need. “Online portals linking a job seeker with a global employer is the latest iteration of an evolution of e-commerce involving products,” explains Nayan Chanda , YaleGlobal editor, in his column for Businessworld. “The next phase of the...

Robbing Peter to Pay Paul

Nayan Chanda February 20, 2014
Subsidies, originally intended as a tool of fairness, often transform into a tool for political power. The subsidies carry costs, both financial as well as with distorted and destabilized markets. Governments struggle to manage budgets, huge stockpiles, wasted resources and even unrest, explains Nayan Chanda, YaleGlobal editor in his column for Businessworld. “History is replete with examples of...

The Omnipresent Craft: Graft

Nayan Chanda February 4, 2014
The “opening up of a country to trade and investment has created opportunities for bribery and corruption on a scale greater than at any other time in the past,” writes Nayan Chanda, YaleGlobal’s editor, in his column for Businessworld. But the internet rallies citizens to protest corruption, too. Corruption in politics or business – including bribes and kickbacks, abuse of power, nepotism,...

Of Aam Aadmi Party and the Aam Aadmi

Nayan Chanda January 24, 2014
In India, the Aam Aadmi Party, or Common Man’s Party, has shaken the establishment. A successful appeal to many can rely on promises of quick fixes and protection of special interests. “While AAP has plenty of positive attributes and is doing important work in terms of promoting transparency and accountability, not everything it stands for is necessarily in the country’s long-term economic...

Costly Reprieve

Nayan Chanda January 8, 2014
To secure an agreement at the Bali ministerial meeting of the World Trade Organization, developing nations gave in to India and other developing nations and will allow ongoing food subsidies for the time being. The WTO hopes to reach a permanent solution by 2017. Subsidies distort markets and cripple competition; they aid political leaders for only a short while and are difficult to end. The WTO...

Pursuing Politics or Perfection?

Nayan Chanda December 11, 2013
The agreement reached in Bali at the World Trade Organization ministerial meeting relied on a draft proposal from India, permitting temporary price supports and famer subsidies until WTO rules are reformed. Critics agree that intentions behind such food guarantees are well-meaning, but India’s program is riddled with inefficiencies, distorting what farmers choose to grow. The Bali agreement is...

The Great Skill Recession

Nayan Chanda December 2, 2013
The world has an unemployment problem. Most modern jobs require technological skills, and technology is supplanting increasing numbers of jobs. How this gap, first raised as a possibility by John Maynard Keynes in 1930, is addressed will shape the economic future of the United States, China, India and other nations, explains Nayan Chanda, YaleGlobal editor, in his column for Businessworld....