What is Globalization?

Coming Together:

Globalization means reconnecting the human community

Nayan Chanda

YaleGlobal,

Folk art from Mexico

The exponential growth in the exchange of goods, ideas, institutions and people that we see today is part of a long-term historical trend. Over the course of human history, the desire [...]

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Global monetary policy
Ben’s bind
Disentangling the links between the Fed, the falling dollar and the soaring price of the world’s commodities

THE spirit of St Augustine hovered over the Federal Reserve this week. “Oh Lord, let us stop cutting interest rates, but not yet,” is pretty much what America’s central bankers decided on April [...]

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INTERNATIONAL BANKING
Paradise lost
Banks are bound to fail from time to time. But, asks Andrew Palmer (interviewed here), does the fallout have to be so painful?

WILSON ERVIN, the chief risk officer at Credit Suisse, a large Swiss bank, cannot pinpoint the precise moment he knew something was up: “This was not like Paul on the road [...]

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Bank Of England Voted 8-1, Defeating Blanchflower’s Call for Cut (Update2)

May 21 (Bloomberg) — The Bank of England voted 8-1 to keep the benchmark interest rate at 5 percent this month as [...]

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Asian Stocks Fall the Most in a Week; Banks, BHP Billiton Drop

May 21 (Bloomberg) — Asian stocks fell, dragging the benchmark index to its steepest slump in a week, on concern widening [...]

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Brazil IPOs Are Canceled as Prices Exceed Profits (Update3)

May 21 (Bloomberg) — Brazil, the world’s best-performing equity market, has more companies canceling initial public offerings than any nation except the U.S. after [...]

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Rice Price Surge Is Defying Asia’s Ingenuity
Commentary by Andy Mukherjee
May 22 (Bloomberg) — The intolerable surge in rice prices presents Asia with a rather unpleasant dilemma.
Rough rice prices have doubled in the past year on the [...]

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Most Fed Officials Saw April Rate Cut as `Close Call’ (Update4)
May 21 (Bloomberg) — Most Federal Reserve officials viewed the decision to cut the benchmark interest rate as “a close call” in April, signaling they may hold off from further reductions. [...]

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U.S. Stocks Extend Drop on Fed Minutes; Financials Lead Retreat
May 21 (Bloomberg) — U.S. stocks tumbled, sending the Standard & Poor’s 500 Index to its biggest two-day drop since March, as the Federal Reserve signaled it is done cutting interest rates and record [...]

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Summer Reading

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