Misrepresentations About International Trade: The Case of Apple’s iPhone

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© 2025, Farok J. Contractor, Distinguished Professor, Rutgers Business School This article is scheduled for publication in the Spring 2025 edition of the Rutgers Business Review. Abstract In  the present debates about US manufacturing and trade deficits, the case of the Apple iPhone provides several useful insights. Looking only at the US-China trade balance, the … Continue reading Misrepresentations About International Trade: The Case of Apple’s iPhone

How Do Multinationals View India as a Global Supply Chain Partner and Market? Benefits, Concerns, and Obstacles

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© 2024, Farok J. Contractor, Distinguished Professor, Rutgers Business School India, with its expanding economy, has finally arrived on the world stage as a potentially very important market and supply chain partner for multinational companies. What factors within the country attract multinationals to engage in foreign direct investment (FDI) in India? What factors within India … Continue reading How Do Multinationals View India as a Global Supply Chain Partner and Market? Benefits, Concerns, and Obstacles

Premature Schadenfreude Directed at the US Dollar

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Photo Credit: ATHIT PERAWONGMETHA/REUTERS © 2023 Farok J. Contractor, Distinguished Professor, Rutgers Business School RECENTLY, THERE HAS BEEN A PROLIFERATION of wishful-thinking posts predicting the imminent decline of the US dollar as a universal currency, further stating that its fate is to be replaced by the Chinese yuan, the Indian rupee, or some other currency. Pundits … Continue reading Premature Schadenfreude Directed at the US Dollar

The US-China Business Relationship: “Bi-Polar”? Or a Stabilizing Pillar of the World Economy? A Video Lecture

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© 2020, Farok J. Contractor, Distinguished Professor, Rutgers Business School, and President-Elect, Academy of International Business Introduction to a public lecture sponsored by the Academy of International Business and the University of Nottingham (China, Ningbo Campus) VIDEO LINK Talk approximately 60 minutes followed by Q&A of 30 minutes Just two countries, China and the US, … Continue reading The US-China Business Relationship: “Bi-Polar”? Or a Stabilizing Pillar of the World Economy? A Video Lecture

A Decline in US Manufacturing Because of Globalization and China? Don’t Believe This Fake News

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© 2020, Farok J. Contractor, Rutgers Business School Featured Image Source: Wall Street Journal This is a pre-copyedited draft version of an article to be published in Management & Organization Review. The final authenticated version will be available online at Cambridge University Press. For at least 35 years, US politicians and pundits have scared the … Continue reading A Decline in US Manufacturing Because of Globalization and China? Don’t Believe This Fake News

The Quarreling Couple That Still Needs to Dance Together: A Webinar Addressing US-China Rivalry and Cooperation

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© 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

What Is Socialism? Why I Changed the Subtitle of My Previous Post

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© 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

Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right?

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© 2019 Farok J. Contractor, Rutgers Business School At 5 o’clock in the morning on August 5, 2019, unable to sleep, Trump tweeted about China—not for the first time accusing it of being a “currency manipulator,”[1] and describing this as a “major violation.” (See Figure 1 below.) Treasury Secretary Mnuchin followed with an official announcement … Continue reading Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right?

Advantages and Drawbacks of Undervalued Versus Overvalued Currencies

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© 2019 Prof. Farok J. Contractor, Rutgers University UPDATE: See the August 11, 2019 post: Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right? Also See the Companion Post:  Is the Indian Rupee Undervalued or Overvalued? What Purchasing Power Parity Theory Tells Us Currencies can be undervalued (very devalued) for natural reasons, … Continue reading Advantages and Drawbacks of Undervalued Versus Overvalued Currencies

What Is “Dumping”?

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Supposedly, dumping is the practice of a foreign company “selling below cost”—but in almost all cases, the dumping company is not losing money. © 2018, Farok J. Contractor, Rutgers Business School (Also see my April 13, 2018 post,TEN QUICK FACTS ABOUT US TRADE: Deficits, Dumping, and Discords, in which I introduced the topic of dumping … Continue reading What Is “Dumping”?