© 2016 Prof. Farok J. Contractor, Rutgers Business School Note: A version of this article was also published on The Conversation as How the G20 can ensure the marvelous gains from globalization aren't lost. What do summits such as the G20 accomplish? Posing for pictures after their summit, the leaders of the G20, a mixed bag of … Continue reading The G20 Summit in China: An Annual “Talking Shop”? Or a Potential Bedrock of Global Civilization?
Globalization’s Angst and the “Brexit” Vote
© 2016 Prof. Farok J. Contractor, Rutgers Business School A version of this post also appeared as a featured article at YaleGlobal Online Also listen to the Podcast Where Do Brexit and Anti-Globalization Sentiments Come From? Recorded by Hira Jafri, Director of Global Programs, Yale MacMillan Center and see 11/26/19 Post angst noun: “a feeling of deep … Continue reading Globalization’s Angst and the “Brexit” Vote
Update: Is China a “currency manipulator”? Donald Trump says so
SEE UPDATED POST, AUGUST 11, 2019: Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right? © 2016 Prof. Farok J. Contractor, Rutgers Business School This article is a 2016 update of my original post of November 16, 2015. It has also been published on The Conversation as Does China manipulate its currency … Continue reading Update: Is China a “currency manipulator”? Donald Trump says so
Happy Tax Day, USA (April 18, 2016): How are corporations and individuals footing the tax bill?
© 2016 Prof. Farok J. Contractor, Rutgers University Source: The Economist, April 9, 2016 Individual Americans will finish filing their returns on April 18, 2016, contributing approximately $3.1 trillion in income and social insurance (Social Security and Medicare) taxes to the highest federal government revenue of any nation on earth. But the US government will spend … Continue reading Happy Tax Day, USA (April 18, 2016): How are corporations and individuals footing the tax bill?
Inversions…and Versions (of Tax Truths)
© 2016 Prof. Farok J. Contractor, Rutgers University NOTE: This article first appeared in YaleGlobal Online, a publication of Yale University MacMillan Center, April 12, 2016. Portions reproduced with permission. Subsequently, it also appeared on The Conversation (US Edition), April 20, 2015. Sign up for their newsletter here. Companies “...effectively renounce their citizenship…[by using] insidious tax loopholes...fleeing the … Continue reading Inversions…and Versions (of Tax Truths)
What’s Driving the Chinese and World Stock Markets? Frugality and Risk-Taking in Chinese Culture Make for a Heady Mix
© 2016 Prof. Farok J. Contractor, Rutgers University Life in China - A Gambling House and Opium Den at Macao The drop in Chinese stock markets has had more than a ripple effect on world markets—and threatens to produce a bearish environment everywhere. Are the fears of a spillover and world recession justified? A longer-term … Continue reading What’s Driving the Chinese and World Stock Markets? Frugality and Risk-Taking in Chinese Culture Make for a Heady Mix
Happy Holidays 2015 & Best Wishes for 2016
Dear Readers, Thank you for following GlobalBusiness.me this past year. Please continue to visit us throughout 2016 for more unbiased insights into the current and past events that make up the ever-evolving, always fascinating story of international economics and globalization. As we prepare to say farewell to 2015, we wish all of you around the world the best of … Continue reading Happy Holidays 2015 & Best Wishes for 2016
The Simple Math: How a Mere Quarter-Percent Interest Rate Hike Can Produce Big Swings on Bond Prices and Foreign Exchange Rates
© 2015 Prof. Farok J. Contractor, Rutgers University Bah! Humbug! What can a mere quarter-percent hike in the Federal Reserve Bank’s interest rate do to markets? It seems so small a change as to be trivial. For two years prior to Janet Yellen’s appointment as Chair in January 2014, her predecessor, Ben Bernanke, and the business … Continue reading The Simple Math: How a Mere Quarter-Percent Interest Rate Hike Can Produce Big Swings on Bond Prices and Foreign Exchange Rates
IMF Elevates Yuan to Elite Currency Status: So what?
© 2015 Prof. Farok J. Contractor, Rutgers University Governor of the People’s Bank of China (China’s central bank) since 2002 and a cautious and methodical bureaucrat, Zhou is the essence of his country’s Mandarin class: canny and understated, but relentless in his objective to elevate China’s economy and currency to elite status. Under Zhou’s watch, China’s exports … Continue reading IMF Elevates Yuan to Elite Currency Status: So what?
Thanksgiving Day and Globalization
© 2015 Prof. Farok J. Contractor, Rutgers University Image Credit: "Freedom from Want" - The Saturday Evening Post cover of March 6, 1943, by Norman Rockwell See the updated post, Thanksgiving Day: A Story of Globalization, Cross-cultural Influences, and Unity As Americans sit down to their Thanksgiving Day repasts each year, they are taught to … Continue reading Thanksgiving Day and Globalization
GlobalBusiness . blog - Education, Commentaries, & News from Economic & Cultural Perspectives 