© 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
Farok J. Contractor, Rutgers Business School A Podcast from the Yale Podcast Network Recorded by Hira Jafri, Director of Global Programs, the MacMillan Center, Yale University The pushback against globalization—manifested in the Brexit vote, support for nationalist leaders like Trump, and protectionist tariffs—stems from (somewhat overblown) anxieties about cultural identity, stagnating incomes among the lower … Continue reading Yale Podcast: Where Do Brexit and Anti-Globalization Sentiments Come From?
2017 Farok J. Contractor, Rutgers Business School In Part 1, What Is Globalization? How to Measure It and Why Many Oppose It, 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 … Continue reading What Is Globalization? (Part 2): Global Leadership in an Era of Growing Nationalism, Protectionism, and Antiglobalization
© 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
© 2015 Prof. Farok J. Contractor, Rutgers University Put aside, for the moment, the horrific scenes of human suffering, the fears that some ISIS sympathizers may be part of the herd swarming onto European shores, and the large immediate costs of resettling and giving aid to hundreds of thousands of souls. Then consider this question: … Continue reading The Refugee Crisis – Does Europe Benefit or Lose? The Angle Not Covered by the Media
© 2015 Prof. Farok J. Contractor, Rutgers University Since I published the blog post What the Iran Nuclear Deal Means for American Business on July 14, 2015, it has received additional media attention. Please see the following sources: CBS News MoneyWatch – Online Article, July 14, 2015 The Conversation – Online Article, July 16, 2015 At Night – Corus Radio, Calgary, Alberta, Canada, with … Continue reading Updates: What the Iran Nuclear Deal Means for American Business
© 2015 Prof. Farok J. Contractor, Rutgers University America has been using a single currency since 1793, when the United States Mint in Philadelphia first began issuing US dollar coins. However, it is not the longevity of a currency that determines whether it succeeds, but institutional mechanisms. Such mechanisms are weak or lacking in Europe. … Continue reading Why a Single Currency Works in the US, but Not Very Well in Europe: Three Minimal Conditions for the Eurozone to Function
© 2015 Prof. Farok J. Contractor, Rutgers University PLEASE SEE UPDATES IN THE AUGUST 6, 2015 POST The following comments are based on a telephone interview with Bob Hennelly of CBS News MoneyWatch on July 14, 2015. The potential for US business to engage with Iran can be summarized in one sentence: Iran exports crude oil but imports … Continue reading What the Iran Nuclear Deal Means for American Business