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.

Antismoking Measures Gain in Tobacco Country

Who’s smoking? Farmers ditch manufacturers, join anti-smoking lobby.
David M. Halbfinger
March 4, 2003

Feasible Exit Strategy Needed for IMF Parting

Where will Indonesia's economy go without the IMF?
Ari A. Perdana
March 10, 2003

Calling Elvis, Anybody Home?

"A sluggish US economy has senators crying foul on outsourcing. India's call centres may take the hit."
Seema Sirohi
March 7, 2003

Easing Its Stance, U.S. Offers Loans to Uruguay

Departing from earlier economic policy, the Bush administration pledges emergency aid to Uruguay.
Richard A. Oppel, Jr.
August 5, 2002