The “Star-Spangled Banner” and an Early Example of Outsourcing: The American National Anthem Was Composed on a Ship Built in India

© 2018, Farok J. Contractor, Rutgers Business School See the updated and revised version of this post, July 11, 2019: From Bombay to Baltimore: Was the American national anthem composed on a ship built in India at the Wadia Shipyard? The featured image of the Stars and Stripes above is housed at the Smithsonian. On several … Continue reading The “Star-Spangled Banner” and an Early Example of Outsourcing: The American National Anthem Was Composed on a Ship Built in India

WWMS? (What Would Milton Say?)

© 2018, Farok J. Contractor, Rutgers Business School The current debate about trade with China sparked by the Trump administration is uncannily reminiscent of the 1970s, when Japanese companies were deemed a threat to the United States. Phrases such as “Japanese invasion” were used by frightened journalists and fear-mongering politicians. The threat from Japanese imports … Continue reading WWMS? (What Would Milton Say?)

TEN QUICK FACTS ABOUT US TRADE: Deficits, Dumping, and Discords

© 2018, Farok J. Contractor, Rutgers Business School Acting on his campaign rhetoric that China is “raping our country,”[1] Don Trump recently announced a 25 percent tariff on steel, 10 percent on aluminum, 30 percent on solar panels, and 20–50 percent on washing machines—products he alleged are being “dumped” by the Chinese[2]—and threatened a “trade … Continue reading TEN QUICK FACTS ABOUT US TRADE: Deficits, Dumping, and Discords

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)

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

Second Helping: Thanksgiving Day and Globalization

Last year’s Thanksgiving reflections (click to read: November 27, 2015) provided interesting historical perspectives and fun facts about Plimoth Colony and Plantation, an Amazing native American named Tisquantum (“Squanto”), and the Mexican origins of our favorite Thanksgiving entree: turkey. Today, on our national day of gratitude, THE CONVERSATION published a refreshed version of last year’s post: Why we have globalization to thank for Thanksgiving. (Note: … Continue reading Second Helping: Thanksgiving Day and Globalization

Update: Is China a “currency manipulator”? Donald Trump says so

SEE UPDATED POST, AUGUST 11, 2019: Trump Administration Labels China a “Currency Manipulator”: What’s behind the accusation, and who’s right? © 2016 Prof. Farok J. Contractor, Rutgers Business School This article is a 2016 update of my original post of November 16, 2015. It has also been published on The Conversation as Does China manipulate its currency … Continue reading Update: Is China a “currency manipulator”? Donald Trump says so