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.

The Decline and Fall Of Europe

Europe’s economy is teetering
Fareed Zakaria
February 16, 2006

Companies in Emerging Markets Show Clout in Global Deal Game

The engines of globalization may not be the sole domain of the West
Jason Singer
February 17, 2006

Fuss About China Is Overdone

A downturn in China probably won’t throw the global economy off course
Guy de Jonquières
February 20, 2006

The Power of Oil

Scramble for diminishing resource shapes global relationships
Dilip Hiro
January 10, 2006

As Brazil Fills Up on Ethanol, It Weans Off Energy Imports

Ethanol moves Brazil away from gasoline dependence
David Luhnow
January 16, 2006