YaleGlobal Newsletter

Hunger Pains Test North Korea's Dynastic Succession Stability in North Korea depends on averting famine and ending nuclear-weapons program China Courts the Middle East Thirsty for oil, China spurns the West's call for sanctions on Iran That Used to Be Us Thomas. L. Friedman explains the reasons for the slow decline of the United States, especially American failure to adapt to the hyper-connected world it helped to create, and also the path to recovery Click Here for Transcript Exceptional People: How Migration Shaped Our World and Will Define Our Future Authors Ian Goldin, Geoffrey Cameron and Meera Balarajan set out to counter the prevailing negative narratives on migration Get the latest from YaleGlobal for mobile devices Connect with us: Follow us on Twitter Like us on Facebook   Tax Reform May Not Bring US Jobs Back Technology and ever-growing productivity – not outsourcing – are the main culprits behind declining jobs in the United States. The US president has proposed revising tax policy to encourage companies to apply growing profits to factories and research inside the US. But manufacturing is going the way of agriculture; fewer workers producing more. "Because of automation and technology, each factory worker produces about four times as much per hour as 30 years ago," explains economist David Dapice. Many US firms are earning more revenues in foreign markets than at home – and such earnings are subject to US taxes only when repatriated. Confronting a 35 percent corporate-profit tax rate, companies tend to keep those profits offshore. Previous tax-amnesty programs on corporate stashes contributed to more dividend checks for investors and stock buyouts than job creation. Productivity irrevocably eliminates some jobs – unless consumers are willing to pay higher prices by retaining low productive labor – so economies of the US and other nations are in a new era. More News... An Iran Intent on Nuclear War is Not What Opponents Fear Hagai M. Segal The Guardian, 3 February 2012 Nuclear weapons would boost Iran's regional influence Apple Petitioners Tell Firm to Protect Chinese Workers BBC News, 2 February 2012 Change.org makes easy work of global petitions Our Ignorance Will Yield More Crises in Capitalism Kenneth Rogoff The Financial Times, 2 February 2012 Lifelong education could prevent rampant greed and inequality Obama's "Insourcing" Nayan Chanda Businessworld, 31 January 2012 With rising productivity and high-tech advances, labor everywhere is dispensable Other Items of Interest... The 2012 Top 100 Best NGOs The Global Journal, 23 January 2012 The Global Journal is proud to announce the release of its inaugural 'Top 100 Best NGOs' list. The first international ranking of its kind, this exclusive in-depth feature provides an insight into the ever changing dynamics and innovative approaches of the non-profit world and its 100 leading actors View email in browser | Unsubscribe | Update your profile | Forward to a friend   Copyright (C) 2012 YaleGlobal Online All rights reserved.