© 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
©2020 Farok J. Contractor, Rutgers Business School Update to 20 Mar 2020 and 23 Mar 2020 posts with additional references from medical experts and economists for those who wish to read deeper The Excruciating Choice Governments face an “excruciating choice” between “flattening the (coronavirus) curve” by imposing quarantines and lockdowns and the huge, unprecedented economic impact … Continue reading What Does “Flattening the Curve” Mean? Will It Also Flatten the Global Economy?
©2020 Farok J. Contractor, Rutgers Business School Click 20 Mar 2020 for earlier post Government Waking Up to the Trade-offs It is not every day that, shortly after I publish a post, the Trump administration responds with a similar thought, addressing – seemingly for the first time – the balance between health considerations and the … Continue reading Quick Update: The Excruciating Choice: “Flattening the Curve” and Prolonging the Global Recession
©2019 Farok J. Contractor, Rutgers Business School The Thanksgiving holiday in the United States, which occurs over a long weekend, brings a respite, a breathing space that allows moments for introspection. I begin this piece with a brief history, followed by six things we all should be grateful for. “What Should We Be Grateful for?” … Continue reading Six Things to Be Grateful for This Thanksgiving
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?
© 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,” 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?
© 2019, Prof. Farok J. Contractor, Rutgers Business School This is an updated and revised version of the June 14, 2018 post: The “Star-Spangled Banner” and an Early Example of Outsourcing: The American National Anthem Was Composed on a Ship Built in India The featured image of the Stars and Stripes above is housed at … Continue reading From Bombay to Baltimore: Was the American national anthem composed on a ship built in India at the Wadia Shipyard?
© 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
© 2018 Prof. Farok J. Contractor, Rutgers University A cause for celebration: The 17th-century English settlers survived starvation and death thanks to the help of Native American “Indians,” who taught them how to plant native crops and where to hunt and fish. Having just returned to the US in time for Thanksgiving with my family … Continue reading The Globalization of Thanksgiving Day
© 2018, Farok J. Contractor, Rutgers Business School After the pivotal Battle of Gettysburg in early July 1863 during the American Civil War, President Lincoln, the leader of the northern United States in combat with the southern Confederacy, was invited to speak at a cemetery for the dead soldiers. Growing up in a log cabin … Continue reading How a Two-Minute Speech of Only 272 Words Uttered by Abraham Lincoln Is Relevant for the World Today