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India Jumps 30 Places Higher in World Bank Rankings: Update on “Thousands of Hindu Gods – Made in China”

© 2017, Farok J. Contractor, Rutgers Business School This is an update to my September 7, 2017 post, in which I described seven reasons why India’s manufacturing competitiveness still lags behind China’s — but also how the Modi government is taking steps to alleviate the bottlenecks. Click for PDF of World Bank report[1] There was much elation … Continue reading India Jumps 30 Places Higher in World Bank Rankings: Update on “Thousands of Hindu Gods – Made in China”

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Xinhua Interviews Farok Contractor about China’s Economic Growth: October 10, 2017

In the past five years there’s been a lot of significant achievements, such as the inclusion of the RMB (or the yuan) in the IMF SDR basket, which is putting China on the path to becoming a recognized internationally tradable currency. Interview: China could sustain 6 pct growth rate in medium term: U.S. expert Source: … Continue reading Xinhua Interviews Farok Contractor about China’s Economic Growth: October 10, 2017

Thousands of Hindu Gods – Made in China: Seven Bottlenecks to Indian Manufacturing

NOTE: THIS POST WAS UPDATED ON NOVEMBER 13, 2017. A version of the original post also appeared as an article on YaleGlobal Online October 24, 2017 as  Made in China: Millions of Hindu Gods. An embarrassing tale about India’s manufacturing competitiveness. But there is hope. © 2017, Farok J. Contractor, Rutgers Business School Images of Deities … Continue reading Thousands of Hindu Gods – Made in China: Seven Bottlenecks to Indian Manufacturing

Globalization Continues – And Multinationals Play by Rules Set by Other Nations (Despite What Trump Says)

© 2017 Farok J. Contractor, Rutgers Business School  Globalization is driven by two inexorable logical constructs: (1) Multinational companies go and sell where enough customers are located, serving foreign markets by whatever means possible. And: (2) Multinational companies produce (or outsource) wherever it is rational or cheap to do so following the rules of various countries … Continue reading Globalization Continues – And Multinationals Play by Rules Set by Other Nations (Despite What Trump Says)

Global Leadership in an Era of Growing Nationalism, Protectionism, and Antiglobalization (Part 2)

2017 Farok J. Contractor, Rutgers Business School  In Part 1, my post about how to measure globalization, I concluded that globalization is here to stay—and will continue to converge nations, culturally and economically, indefinitely. At the same time, leaders such as Trump, Le Pen, Erdoğan, and Duterte espouse an anti-globalization backlash, emphasizing “my country first” … Continue reading Global Leadership in an Era of Growing Nationalism, Protectionism, and Antiglobalization (Part 2)

What Is Globalization? How to Measure It and Why Many Oppose It (Part 1)

© 2017 Farok J. Contractor, Rutgers Business School The rise of nationalistic political leaders has spanned the globe—from Donald Trump and Marine Le Pen in the West, to Recep Tayyip Erdoğan in the Middle East, to Narendra Modi and Rodrigo Duterte in the East. To varying degrees, each of these leaders espouses an “our country … Continue reading What Is Globalization? How to Measure It and Why Many Oppose It (Part 1)

What’s at Stake in China-US Relations? An Estimate of Jobs and Money Involved in the Bilateral Economic Tie

© 2017 Farok J. Contractor, Rutgers Business School NOTES ABOUT THIS POST:  •  This is an updated version of my January 15, 2017 post.  •  A version of this post was also published by Rutgers Business Review.  Recommended Citation: Contractor, Farok J. What is at stake in China-US relations? an estimate of jobs and money involved in the … Continue reading What’s at Stake in China-US Relations? An Estimate of Jobs and Money Involved in the Bilateral Economic Tie

Four Salient Facts about the Chinese Yuan

© 2017 Farok J. Contractor, Rutgers Business School On February 23, 2017, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing's foreign exchange practices, President Donald Trump declared: "Well...I think they're grand champions at manipulation of currency. So I haven't held back.... We'll see what happens."  — Reuters Four Salient Facts: … Continue reading Four Salient Facts about the Chinese Yuan

Tax “Amnesty” for Multinationals—But Not for Illegal Immigrants

© 2017 Farok J. Contractor, Rutgers Business School Republicans want a one-time tax of the money currently stashed overseas at a "tax holiday" rate of 8.75 percent, according to the House blueprint, while Trump has called for 10 percent. (Reuters, January 25, 2017)[1] As a professor of International Business I am in favor of ethical business, … Continue reading Tax “Amnesty” for Multinationals—But Not for Illegal Immigrants

What’s at Stake in China-US Relations? Job and Money Calculations Under Various (Trumpian) Scenarios

© 2017 Farok J. Contractor, Rutgers Business School This post was updated on March 10, 2017 as “What’s at Stake in China-US Relations? An Estimate of Jobs and Money Involved in the Bilateral Economic Tie”—click to be automatically redirected. A shorter version was published as an article on YaleGlobal Online February 28, 2017, as  “Disrupting US-China Relations Will Incur … Continue reading What’s at Stake in China-US Relations? Job and Money Calculations Under Various (Trumpian) Scenarios