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.

Europe Close to Creating “Budget Tsar”

Plan would let one commissioner block spending; some member states fear dwindling power
Joshua Chaffin
November 15, 2011

Obama and Asia’s Two Futures

Obama plays referee in the Asia-Pacific
Yuriko Koike
November 15, 2011

Obama: Hoping for Pacific Free Trade Plan by 2012

The plan could eliminate trade barriers, boost regulatory standards for 21 member economies
Elaine Kurtenbach
November 14, 2011

Why Italy’s Days in the Eurozone May Be Numbered

A depreciated lira may be Italy’s only option
Nouriel Roubini
November 11, 2011

The Shadow Superpower

The black market is a source for entrepreneurs
Robert Neuwirth
November 10, 2011