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Purpose: The purpose of this study is to examine how leading a childhood characterized by transnational mobility affects youths’ understanding of and relationship to their ethnic identity.

Study approach: This study examines the effects of transnational mobility on ethnic identity by focusing on the specific case of Indian Americans who grew up in the USA and Bangalore, a city in southwest India, before relocating to the USA for college. The analysis for this chapter comes from semi-structured, in-depth interviews with 20 transnational Indian American youth.

Findings: The data analysis reveals that by spending part of their childhood in India, transnational Indian American youth were able to learn more about their Indian ethnic identity, which helped them resolve issues related to their status as an ethnic minority in the USA, reframe how they define their ethnic identity, and reevaluate the status of their ethnic identity relative to their counterparts in the USA.

Originality: This study focuses on the unique case of Indian American youth who had a childhood characterized by transnational mobility. As such, this work contributes to the literature on children and youths’ transnational mobility through its focus on the migration patterns of relatively elite and socially privileged children and youth. Additionally, it adds to our understanding of the effects of migration between the USA and India by addressing how these processes affect children and youth. Last, it adds to the literature on Indian Americans by focusing on an understudied subpopulation within this group. The study motivates future research on the diversity that exists among transnationally mobile Indian American children and youth.

Long-term interest rates of small open economies (SOE) correlate strongly with the USA long-term rate. Can central banks in those countries decouple from the United States? An estimated Dynamic Stochastic General Equilibrium (DSGE) model for the UK (vis-á-vis the USA) establishes three structural empirical results: (1) Comovement arises due to nominal fluctuations, not through real rates or term premia; (2) the cause of comovement is the central bank of the SOE accommodating foreign inflation trends, rather than systematically curbing them; and (3) SOE may find themselves much more affected by changes in USA inflation trends than the United States itself. All three results are shown to be intuitive and backed by off-model evidence.

We study how giving depends on income and luck, and how culture and information about the determinants of others’ income affect this relationship. Our data come from an experiment conducted in two countries, the USA and Spain – each of which have different beliefs about how income inequality arises. We find that when individuals are informed about the determinants of income, there are no cross-cultural differences in giving. When uninformed, however, Americans give less than the Spanish. This difference persists even after controlling for beliefs, personal characteristics, and values.

Terrorism has historically been spawned by inequitable, unjust systems with inadequate democratic options to articulate popular aspirations and ensure conflict resolution. The event of September 11, 2001 changed it all when terrorism hit the center of the increasingly globalized post-Cold War international system. The 9/11 incident has played as the role of a catalyst in initiating joint governmental policies to combat international terrorism both in India and the USA. After the incident, the former US President, George W. Bush, announced to the world community to fight against international terrorism collectively on the basis of a zero-tolerance policy. India has been the victim of cross-border terrorism promoted by Pakistan for a long time. India is the world’s largest democracy and one of its fastest-growing economics. Due to the recurrence of terrorist attacks, its security system and its socioeconomic structure have had to face tremendous pressure. Just after the 9/11 incident (attack on WTC) world’s largest (India) and oldest (USA) democracies have come closer to jointly fight against international terrorism. Both al-Qaida and the Taliban were the common enemies for Washington and New Delhi. At the governmental level, a number of policies and working groups have been organized by the two countries in order to diminish global terrorism. This chapter intends to explore the effects of joint governmental policies by India and the USA for combating international terrorism.