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.

The Rising Burden of Government Debt

Advanced economies borrow more than emerging markets – and jeopardize global financial stability
Eswar Prasad, Mengjie Ding
December 29, 2010

Our Dickensian Economy

US policies support the haves over growing ranks of have-nots
Alan S. Blinder
December 21, 2010

Global Bond Rout Deepens on US Fiscal Worries

Rising US spending and debt trouble global investors
Ambrose Evans-Pritchard
December 10, 2010

Chinese Workers Build MLK Memorial: Investigation

US workers are flummoxed by Chinese willingness to work for no guaranteed payment
Annys Shin
December 7, 2010

Asking China to Act Like the US

What’s good for the US is not necessarily good for China
Helene Cooper
December 6, 2010