Tobin Center for Economic Policy Announced

Tobin with blueprint background

Yale has announced the formation of a new research enterprise, the Tobin Center for Economic Policy at Yale, named for the late James Tobin, iconic faculty member and Nobel laureate. The center will advance rigorous, evidence-based research intended to define and inform policy debate.

Alumni, parents, and friends of the university have contributed more than $60 million to establish the Tobin Center, including an anonymous lead gift of $30 million. Anita and Josh Bekenstein ’80 and Amandine and Stephen Freidheim ’86 are among the top donors making gifts to endow the center and fund construction of a new building to house it.

Yale Club of Singapore: DUAL Annual Thanksgiving cum Year End Holiday Dinner

We are back at the American Club – to a brand new ballroom after 2 years away! It’s time for our annual Thanksgiving cum year-end holiday celebration. Don’t miss this informal social event of the year…Come join us for a grand buffet feast of good ole American-style roasted turkey plus all the trimmings. Some items on the menu: turkey, gravy and cranberry sauce; honey baked ham; mashed potatoes; Singapore 229573
Cost: $80 for members/spouse

We will once again be having a bit of fun raising funds for the charity “Food from the Heart” Seats are limited – we have a full house every year with a waiting list. So sign up early!! Seats are only confirmed once payment is made. Once paid, you are responsible for finding a replacement if you no longer can attend, but we can help link you with someone on the wait list (if any). No refunds for no shows.


India’s Skillful Posturing With the US

 US secretaries of defense and state meet counterparts in Delhi; Prime Minister Narendra Modi embraces Russian President Vladimir Putin

Relations between the United States and India have gradually improved, but the world’s largest democracy has an independent streak as seen in two recent cases: First, India signed a multibillion deal to purchase a Russian air-defense missile system thereby risking sanctions approved by the US Congress in 2017. Second, the United States withdrew from the international agreement to limit Iran’s nuclear weapons program, and India is second only to China in purchasing Iranian oil. India hopes for an exemption on sanctions with both cases. “With the S-400 deal, India has ensured that Russia will remain the main supplier of high-tech defense equipment for the foreseeable future while challenging Washington on an issue now regarded as the primary national security challenge by many in the United States,” explains Harsh V Pant, professor of international relations and director, Studies at Observer Research Foundation in New Delhi. He adds that sanctions for either case would be counterproductive. The US-Indo relationship has matured, he concludes, and the two countries continue to work on agreements that the United States signs with close defense partners for the sale of high-end technologies. – YaleGlobal

Thomas Thurston talks about teaching transatlantic histories in the classroom.

Thomas Thurston is the Director of Education and Public Outreach at the Gilder Lehrman Center for the Study of Slavery, Resistance, and Abolition at the MacMillan Center. Tom has led week-long NEH workshops for K-12 teachers and has organized several collaborative international institutes for teachers in Ghana, the U.S., and the UK. He also has acted as a consulting historian for several Teaching American History programs and has served as a curriculum developer for WNET’s Educational Technologies Department, including the documentary series “The Rise and Fall of Jim Crow” and “Slavery and the Making of America.”

Learn more about Thomas Thurston.

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Yale Institute for Global Health Announces Faculty Award Winners

The Yale Institute for Global Health announced the recipients of the 2018 Hecht Global Health Faculty Network Award on October 11.  A total of $100,000 was awarded to four groups of Yale faculty on a variety of issues, including cardiovascular disease and early childhood development in Latin America; and self-care of chronic conditions, and scale-up training for pediatric surgery in Uganda.

The Award was launched as the result of the generous support of Robert Hecht (YC’76), who has more than 30 years of experience in global health, nutrition and development in senior management positions with the World Bank, UNAIDS, the International AIDS Vaccine Initiative and Results for Development. He is a widely recognized policy analyst with a strong track record of advising top decision makers on issues related to immunization, HIV, health financing, health sector reform, and nutrition. Hecht is currently a clinical professor of epidemiology and lecturer at Yale School of Public Health and the Jackson Institute for Global Affairs, and President of Pharos Global Health Advisors.  “I am delighted to help support the work of such a talented group of people,” said Hecht at a meeting of all the award winners.  “I expect their work will lead to important results and create pathways to positive health changes among the populations in Africa and Latin American who are the focus of these research projects.”

The Award was also made possible through matching support from the MacMillan Center for International and Area Studies. Two awards of $10,000 each were given to:

Hong Kong: Global or Chinese Capital?

Hong Kong’s reputation as an international financial powerhouse thrived under democratic principles of free speech, free assembly and free trade. But Beijing leaders would prefer speedier integration with China and what they regard as more patriotism. “Tension between these perceptions has long existed, but a series of developments have made them far more pronounced and could eventually undermine Hong Kong’s international status, driving foreign companies and finance houses to Singapore or elsewhere,” explains journalist Philip Bowring. “Hong Kong citizens could also find themselves deprived of benefits such as visa-free entry to dozens of countries that they enjoy – and other Chinese do not.” Tensions emerged with Xi Jinping’s presidency in 2013 and the Umbrella Movement protests in 2014. More recently, a trade battle with the United States and denial of a work visa for a Financial Times journalist signal more controls may be on the way. Bowring points out that China will struggle to simultaneously relish Hong Kong’s financial success and punish it for autonomy. The region’s special economic status for US trade, as outlined by the 1992 US-HK Policy Act, could be under threat. – YaleGlobal

The Costs of Climate Change

Professor Nordhaus and farmer examining a field during drought

Economic models allow societies to analyze complex problems and make sensible decisions. Yale University Professor William Nordhaus has been named winner of the 2018 Nobel Prize in Economics for his research on models that integrate climate change into long-term economic analysis. Paul Romer of New York University was also named for his work on endogenous growth theory. Kenneth Gillingham of Yale University reflects on Nordhaus’ profound contributions to the field of economics – and to society more broadly – that led to this recognition, explaining that “Nordhaus laid the groundwork for what is now an entire field on the economics of climate change.” The research analyzes how climate change can be mitigated at the lowest-cost possible, what the optimal climate policy is, and how society’s choices about climate mitigation can influence long-run well-being. Gillingham concludes that Nordhaus’ work is global in scope and visionary, dedicated to preparing societies for what may be the most pressing challenge of our time. – YaleGlobal