What Is Globalization? How to Measure It and Why Many Oppose It (Part 1)

© 2017 Farok J. Contractor, Rutgers Business School The rise of nationalistic political leaders has spanned the globe—from Donald Trump and Marine Le Pen in the West, to Recep Tayyip Erdoğan in the Middle East, to Narendra Modi and Rodrigo Duterte in the East. To varying degrees, each of these leaders espouses an “our country … Continue reading What Is Globalization? How to Measure It and Why Many Oppose It (Part 1)

Globalization’s Angst and the “Brexit” Vote

© 2016 Prof. Farok J. Contractor, Rutgers Business School A version of this post also appeared as a featured article at  YaleGlobal on June 28, 2016. angst noun: “a feeling of deep anxiety or dread, typically an unfocused one about the human condition or the state of the world in general”[1] The UK—an almost insignificant island on … Continue reading Globalization’s Angst and the “Brexit” Vote

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