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.

Taiwan Polls Dash China’s Unification Hopes

Economic barriers may fall, but it’s not all about business in the story of China’s and Taiwan’s unification: integration requires common ground, not just common baskets.
Ching Cheong
December 4, 2001

A Budget for Globalization

Singapore reaches for a greater share of world economic growth
February 22, 2007

The Next Africa?

While the U.S. frets about Iraq, Argentina is fast becoming a third-world nation. The rest of the world needs to take notice.
Nicholas D. Kristof
December 10, 2002

A Battle Over the Costs of Global Warming

Economists disagree about the need for immediate action, only because some hasty steps could carry dire consequences
David Leonhardt
February 21, 2007

Hybrid Cars Are Catching On

American automakers, responding to Japanese competition from abroad, announce plans for the development of hybrid automobiles.
Danny Hakim
January 28, 2003