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.

A Second Chance for Brazil and the I.M.F.

Rethinking Brazil’s I.M.F. rescue package: don’t hold your breath—Brazil’s future may not be as bleak as some think.
Joseph E. Stiglitz
August 14, 2002

Chiang Mai Aviation: Outcry over Air-Hub Plan

Thailand's private airline operators are unhappy with government plan to let Singapore Airlines develop Chiang Mai into aviation hub.
Choosak Jirasakunthai
January 9, 2003

US Tariff Plan Raises Concern at WTO

Widespread elimination of many tariffs may pose problems for developing economies.
Ravi Kanth
December 3, 2002

Paulson Says Foreign Treasuries Holdings Not Threat

More than half of US debt is owed to foreign investors
Christopher Swann
March 5, 2007

India Opposes Zero Tariff Plan Proposed by US

India claims that eliminating tariffs will hurt developing countries.
December 3, 2002