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.

Clinton Urges Cambodia to Strike a Balance With China

US advice for Asian nations: avoid overdependence on others, China in particular
John Pomfret
November 16, 2010

Debt Plan Ideas Draw Scorn of Liberals and Tea Party

Proposal to cut US spending exposes massive debt, igniting anger and debate
Jackie Calmes
November 15, 2010

G-20 to Push Current Balance Guidelines

Leaders of the largest economies pledge to resist protectionism and global imbalances
Kim Yon-se
November 12, 2010

Only the Weak Survive

Many nations will lose if the currency wars lead to trade wars
Nouriel Roubini
November 12, 2010

Angela Merkel Consigns Ireland, Portugal and Spain to Their Fate

German warns debt-laden nations and their investors to expect no more rescues
Ambrose Evans-Pritchard
November 11, 2010