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’s Neighbors Worry About its Growing Military Strength

Intent on competition and protecting traditions, Asian nations express wariness for one another
September 22, 2006

Water, Water Everywhere?

Population growth, irrigation for agriculture and global warming threaten the world's water supply
August 22, 2006

Natural Resources Are Fueling a New Cold War

Imagining a world without oil, more government leaders plan alliances and scout out supplies
Erich Follath
August 22, 2006

A Restriction on Trade and Security

A new US export rule that allows the sale of sensitive equipment to some countries, but not to others, provides little security
Donald Weadon
August 23, 2006

China Puts Price on Head of Rare Animals

Government sells hunting permits to foreign tourists to raise funds for conservation
Jonathan Watts
August 24, 2006
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