The pace of global trade has slowed. “For the past three decades, trade has regularly grown at twice the rate of world gross domestic product,” writes Shawn Donnan for the Financial Times. “This year, trade is expected to grow just 2.5 per cent, compared with GDP growth of 2.9 per cent.” Economists...
Click here for the article in The Financial Times.
Vietnam, intent on modernization for its 92 million people, vacillates between China and the United States for economic and military ties. Both great powers expect the small communist country to acquiesce to specific demands: The US wants improved human rights and democratic freedoms while China...
Changing direction? Vietnamese President Truong Tan Sang, left, with China's President Xi Jinping in June( top); former US Defense Secretary Leon Panetta visiting Vietnam's Cam Ranh Bay harbor
FRESNO: Head-of-state visits typically take months to...
In the 2012 US presidential election, Latino voters threw their growing weight behind democrats and President Barack Obama. Chastened Republicans have now joined a new bipartisan push for immigration reform. US legislators, once polarized over immigration, must satisfy numerous groups: Americans...
Click here for the article in Slate.
US Congress, bitterly partisan, engages in petty bickering and repeatedly fails to resolve any number of pressing crises, let alone craft uplifting legislation for the country and the world. The poor behavior of the legislative body – blocking opponents at any cost – is symptomatic of the fading...
War at home and abroad: US invasion of Iraq precipitated decline of influence abroad (top); Republican opponents of President Obama, John Boehner and Mitch McConnell (below) - inability of a deeply partisan US Congress to agree on taxes and spending...
Many of the world’s economies are still suffering due to the global economic crisis, and policymakers search for an elusive magic bullet. Michael A Clemens, writing for the Guardian, offers one possibility: increasing international migration. He describes the manmade barriers to economic mobility...
Click here for the article in The Guardian.
Multinationals depend on intricate supply chains, with manufacturing plants based around the globe in locales offering low-cost labor and specialized skills, explains Nayan Chanda, YaleGlobal editor in his regular column for Businessworld. Chanda points out that “The success and failure of 21st...
International trade has been transformed by a factor about which most consumers know nothing — an intricate supply chain that connects store shelves to manufacturing facilities at the far corners of the earth. This dense and invisible thread, which...
In an interview with Nayan Chanda, Professor Carmen Reinhart, co-author of This Time Is Different: Eight Centuries of Financial Folly, discusses the causes behind the current financial crisis and the measures needed to recover and grow. – YaleGlobal
Chanda: I am Nayan Chanda, editor of YaleGlobal Online, and we are delighted to have with us in our studio Professor Carmen Reinhart, Professor of Economics at the University of Maryland. Professor Reinhart: , who has served as deputy director of...
European Commissioner for Economic and Monetary Affairs Olli Rehn has announced a proposal to monitor finances of member nations, particularly any trade imbalances, issue warnings and eventually impose fines on those with “chronic” export or import surpluses. The reason behind the strict reviews,...
Click here for the article in Spiegel Online.
