In The News

Paying the China Price

Nayan Chanda November 15, 2013
Manufacturing that adapts to new technologies and conditions shapes societies and economies. The challenge for India and other countries is competing with China’s low costs. Nayan Chanda, YaleGlobal’s editor in his column for Businessworld, describes how business people place manufacturing orders with China and then reap the profits by re-selling readymade goods or assembling components with big...

Shut and Down

Nayan Chanda October 25, 2013
Without good national governance, globalization could go belly up, warns Nayan Chanda, editor of YaleGlobal in his column for Businessworld. Over the protests of a few legislators, the US Congress did end a partial government shutdown and also lifted an artificial debt ceiling that allowed borrowing and payments to continue. “By pushing the US to the edge of a default and threatening the global...

Reform and Rebalance

Nayan Chanda October 9, 2013
The US Federal Reserve Board decides monetary policy that influences interest rates at home and overseas. Since the 2007 credit crisis, the Federal Reserve has purchased bonds to inject money into the economy – a policy that lowered interest rates and prompted investors to hunt for higher returns overseas. With slow improvement in the economy, many investors began thinking about returning to US...

Labor Pains

Nayan Chanda September 30, 2013
Good intentions can go awry if they don’t tackle a problem’s roots and long-term conditions. India has launched an ambitious program to feed its poorest citizens, but the costly program will require tax revenue from working citizens, explains Nayan Chanda, YaleGlobal’s editor, in his column for Businessworld. Instead of developing intricate subsidy programs, he urges that India tackle inequality...

Currency Conundrum

Nayan Chanda September 17, 2013
India’s dysfunctional political system has exacerbated the currency crisis, argues Nayan Chanda, YaleGlobal editor, in his column for Businessworld. Officials blame Indian investors’ keen interest in gold, over-exposure to global markets and over-reaction to reports of a strengthening US economy. Chanda suggests that Indian officials – whose country has benefited so much from globalization –...

A Syrian Lesson for India

Nayan Chanda September 11, 2013
The United Nations monitors global weather conditions, population growth, security and refugee populations, and the trends are interconnected in many complex ways. In Syria, severe drought between 2006 and 2010 turned more than half the land into desert, contributing to a vicious civil war: Drought and water shortages led to unemployment, forcing hundreds of thousands into Syria’s cities – many...

Reboot the System

Nayan Chanda September 3, 2013
IT services and outsourcing in India employ more than 2 million workers, and constant upgrading of skills and technology is essential for industry pre-eminence, particularly in an integrated world economy that anticipates greater reliance on cloud computing, suggests Nayan Chanda, YaleGlobal’s editor, in a column for Businessworld. Proposed US legislation would encourage local hiring for call...