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.

India's Knowledge Economy

India's outsourcing industry shows no signs of slowing down
Guy de Jonquières
March 29, 2005

Sudan: Helping the Exiles Return

"Exodus" of emigrants from Sudan may recur if international community fails to address severe food shortage
Ramiro Lopes da Silva
March 31, 2005

Curry in Hot Garlic Sauce

The 'Chinese threat' may materialise in reverse: Beijing now fears an Indian invasion
Simon Long
March 31, 2005

Crouching Tiger, Swimming Dragon

New Chinese-built port in Pakistan could help Beijing secure its oil supply line but holds potential for tension
Nayan Chanda
April 11, 2005

Two Fed Officials Offer Different but Upbeat Views on Debt

Despite analysts' concerns, Greenspan and Bernanke believe the US trade imbalance will resolve itself
Edmund L. Andrews
March 11, 2005