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.

Rolling Shocks Explain Why the World Is So Depressed

Big democracies flounder in tackling global crisis
David Ignatius
August 12, 2011

Beyond Debt Woes, A Wider Crisis of Globalization?

Quick fixes lead to imbalances, unsustainable systems and loss of trust
Peter Apps
August 8, 2011

China Comes to Thailand

As Beijing’s clout grows, some Thais are uneasy
Richard S. Ehrlich
August 3, 2011

Read China’s Lips

Expect China to ease its purchases of US debt
Stephen S. Roach
July 28, 2011

Employment Versus Debt

US Congress could be targeting the wrong priority
Nayan Chanda
July 26, 2011