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.

Chinese Company Ends Unocal Bid, Citing Political Hurdles

The takeover battle has ended, but the trade and political tensions continue unabated
David Barboza
August 2, 2005

From Shoes to Aircraft to Investment, Zimbabwe Pursues a Made-in-China

Virtually abandoned by the West, the African nation “looks east.”
Michael Wines
July 27, 2005

Revaluation: A Double-Edged Sword for China

China's decision to revalue the renminbi will have diverse effects
Xu Haihui
July 21, 2005

A New Asian Invasion

Chinese companies set their sights on US assets
Dan Roberts
June 23, 2005

A Very Dangerous Game

US borrowing levels may be both unsustainable and destabilizing
Martin Wolf
September 30, 2003