The global economy thrives on globalization and the increasing interdependence of finance, production, consumption and trade. Such integration has reduced poverty, yet varying national policies along with ever-increasing speed of transactions and market news have also contributed to imbalances, both among nations and within. Regulations often do not keep pace in managing cross-border debt, foreign direct investment, corporate practices, tax codes or economic bubbles. The eurozone crisis and the US subprime mortgage crisis have demonstrated that one nation’s problems and panic can spread like wildfire. Nations must combine a competitive spirit with cooperation to achieve stable economic growth and sustainable prosperity.

Brazil “to Write Off' African Debt

Nearly $900 million worth of debt will be cancelled or restructured
June 13, 2013

Turkish Stock Market Falls 10.5% as Demonstrations Escalate

Foreign investors worry about ongoing unrest
June 12, 2013

Bitcoin Will Continue to Function Beyond the Reach of Government and Law

Decentralized, computer currencies elude authorities
James Ball
June 5, 2013

Europe’s Double Jeopardy

Austerity measures added to youth unemployment, reduced support for an aging population
Nayan Chanda
May 24, 2013

How Austerity Kills

Too many governments cut with little regard for human costs
David Stuckler, Sanjay Basu
May 15, 2013