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.

China Market Plunges, Dow Follows. Now What?

For better or worse, the world’s financial markets are tangled together
Azam Ahmed
March 1, 2007

US Heading For Financial Trouble?

US government recklessly spends money that must be repaid by the nation’s children and grandchildren
Steve Kroft
March 5, 2007

China’s Neo-Colonial Slavery in PNG

Island workers protest mistreatment and jobs that pay $4 per day
Rowan Callick
February 15, 2007

Globalization’s Unequal Discontents

Protectionists ignore costs of efforts to keep good jobs inside a nation and competitors at bay
William H. Overholt
January 23, 2007

The Great Unbundling

The trade theories of Adam Smith and David Ricardo may be insufficient for explaining offshoring
January 23, 2007