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.

Power to the Privileged

"Market-dominant minorities are the Achilles' heel of free-market democracy."
Amy Chua
January 7, 2003

Brazil Relief Rests on Hopefuls' IMF Stances

Despite IMF loans for Brazil, investors are staying on the sidelines.
Raymond Colitt
August 14, 2002

American Investor Protection is Protectionist

Trans-Atlantic financial flows still hit barriers.
Benn Steil
January 15, 2003

Even as Africa Hungers, Policy Slows Delivery of US Food Aid

Lifesaving AIDS drugs increase not only the health of Africans, but also the pangs of hunger
Celia W. Dugger
April 10, 2007

Multinationals: Globalization's Offspring

As competition emerges from the developing world, more multinational firms shy away from allegiance to any one nation
April 10, 2007