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.

Latin America's family remittances -- heading south?

A recent study questions the wisdom of relying on foreign remittances
Andres Oppenheimer
December 10, 2004

South America Seeks to Fill the World's Table

Brazil's farmers are changing the balance of agricultural power on the global stage
Larry Rohter
December 12, 2004

Bush Needs Decisive Change of Course

Washington must aggressively pursue new fiscal and energy policies
Fred Bergsten
December 14, 2004

Microentrepreneurs' Contribution to Microcredit Too Long Ignored

Small businesses make big contributions to economic development
Ron Luhur
November 17, 2004

In Eastern Europe, Skepticism Over the Euro

Eyeing the euro, EU's new members know all that gleams is not gold
Mark Landler
December 6, 2004