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.

Currency Manipulator?

A dismal US savings rate – rather than the currency-exchange rate – leads to the massive US-China trade imbalance
Ronald I. McKinnon
April 24, 2006

IMF Expands Role in Seeking to Reduce Trade Imbalances

Policymakers express growing sense of urgency to develop international strategy for economic crisis
Paul Blustein
April 25, 2006

Moment of Truth

Without fair enforcement and acknowledgment of worker contributions, US immigration policy will fail
Robert Scheer
May 1, 2006

Managing Globalization: In Asia, How to Manage the Boom?

A set of fast-growing economies raises fears of inflation and another financial crisis
Daniel Altman
April 10, 2006

Capitalism Under Fire

Anti-globalization protesters in wealthy nations resist capitalistic principles when it comes to labor
William Pfaff
March 30, 2006