© 2020, Farok J. Contractor, Rutgers Business School Featured Image Source: Wall Street Journal For at least 35 years, US politicians and pundits have scared the public with tales of declining vitality in US manufacturing, from Trump tweeting that “China is stealing our jobs” to a recent article by a ranking congressman (Yoho, 2019) claiming … Continue reading A Decline in US Manufacturing Because of Globalization and China? Don’t Believe This Fake News
© 2020, Farok J. Contractor, Rutgers Business School In many dozens of emerging nations, perhaps as many as sixty of them, the government interferes in the foreign exchange market to prevent, or delay, the devaluation of its currency. Featured Image Credit: ngcoin.com A recent article from the Financial Times (FT) about Argentina’s peso is yet another illustration … Continue reading Argentina Seems Headed for Another Currency Crisis (and Perhaps Default)
© 2020, Farok J. Contractor, Rutgers Business School The two biggest economies on the planet—the US and China, constituting 40 percent of the entire world’s Gross Domestic Product (GDP) and 23 percent of its population—need to cooperate for the sake of humankind. And yet, over the last four years, tensions between the two nations have … Continue reading The Quarreling Couple That Still Needs to Dance Together: A Webinar Addressing US-China Rivalry and Cooperation
© 2020, Farok J. Contractor, Rutgers Business School In commenting about the Indian economy and its relation to International Business in my previous post, I had initially used the term “socialist somnolence” in the subtitle to describe the Indian business environment as it existed decades ago. Some elements of that past linger, as I described, … Continue reading What Is Socialism? Why I Changed the Subtitle of My Previous Post
Updated Title August 29, 2020 - See: What Is Socialism? Why I Changed the Subtitle of My Previous Post INTRODUCTION TO THE NARRATED SLIDE PRESENTATION GIVEN AT THE AUGUST 2020 ACADEMY OF MANAGEMENT ONLINE MEETING © 2020, Farok J. Contractor, Rutgers Business School Note: To see the PowerPoint slides and also listen to the voice … Continue reading India and Its Role in International Business: The Sleeping Giant Is Still Waking from Its Overregulated Past
NARRATED SLIDE PRESENTATION GIVEN AT THE JULY 2020 ACADEMY OF INTERNATIONAL BUSINESS (AIB) ONLINE MEETING © 2020, Farok J. Contractor, Rutgers Business School What will the world economy look like after COVID-19? Will globalization retreat? Economies decouple? Nationalism and autarchy be the rule? Countries draw inward and become more protectionist? I propose an alternative scenario … Continue reading The Argument for Globalization in a Post-COVID-19 World
In this time of threats to globalization, we look back on the beginnings of this worldwide trade movement.
This article is developed and amplified from an earlier piece: How One Drink Changed Fortunes, Incited Protests: Tea’s history reveals globalization’s best and worst side—trade, prosperity, migration and war.” YaleGlobal Online, 9 March 2011. Used with permission of Yale University.
The featured image is from National Geographic, Photo of the Day, April 23, 2018: “At an old tea house in Chengdu, China, Your Shot photographer Handi Laksono spent half a day observing the locals. Most of those who come in are above 60 years old, he says, and will pass the time smoking and playing cards with friends until lunch.”
How a Desire for Tea in Britain Caused Suffering to Millions in Asia
Despite the remarkable advances made during the course of evolution, human history was not all an inexorably upward climb. The glories of Rome, Chang An, and Patilaputra were followed by a millennium…
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©2020 Farok J. Contractor, Rutgers Business School Update to 20 Mar 2020 and 23 Mar 2020 posts with additional references from medical experts and economists for those who wish to read deeper The Excruciating Choice Governments face an “excruciating choice” between “flattening the (coronavirus) curve” by imposing quarantines and lockdowns and the huge, unprecedented economic impact … Continue reading What Does “Flattening the Curve” Mean? Will It Also Flatten the Global Economy?
©2020 Farok J. Contractor, Rutgers Business School Click 20 Mar 2020 for earlier post Government Waking Up to the Trade-offs It is not every day that, shortly after I publish a post, the Trump administration responds with a similar thought, addressing – seemingly for the first time – the balance between health considerations and the … Continue reading Quick Update: The Excruciating Choice: “Flattening the Curve” and Prolonging the Global Recession
Click 23 Mar 2020 for update ©2020 Farok J. Contractor, Rutgers Business School Around the world, governments are reacting to the spread of the coronavirus by recommending, or forcing, the closure of schools, restaurants, and travel. By having the population remain at home, the much-reduced human-to-human contact will slow down the spread of the virus. … Continue reading The Excruciating Choice: “Flattening the Curve” and Prolonging the Global Recession