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)

The G20 Summit in China: An Annual “Talking Shop”? Or a Potential Bedrock of Global Civilization?

© 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?

Tax Avoidance by Multinational Companies: Methods, Policies, and Ethics (Updated on August 29, 2018)

© 2018, Farok J. Contractor, Rutgers Business School An earlier version of this article was published on this site on May 5, 2016, and also in AIB Insights, Vol. 16, No. 2 (2016). Recommended Citation:  Contractor, Farok J. Tax avoidance by multinational companies: methods, policies, and ethics. Rutgers Business Review, Vol. 1, No. 1, pp. 27–43 (2016). Also see … Continue reading Tax Avoidance by Multinational Companies: Methods, Policies, and Ethics (Updated on August 29, 2018)

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

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?

The Refugee Crisis – Does Europe Benefit or Lose? The Angle Not Covered by the Media

© 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

Updates: What the Iran Nuclear Deal Means for American Business

© 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

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 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

What the Iran Nuclear Deal Means for American Business

© 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