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.

Worldwide Effects of Sinking Dollar

Its decline to a nine-year low is impacting everything from the price of goods at Wal-Mart to the vigor of Europe's economy
David R. Francis
November 22, 2004

Companies Should Set Own Hours

For the German economy to remain competitive, 40-hour work weeks are essential
Heike Göbel
November 19, 2004

Wal-Mart Gives in to China's Union Federation

The traditionally anti-union company agrees to support worker-requested labor groups
Richard McGregor
November 23, 2004

Central Asia: China's Mounting Influence

The region's residents debate the motives behind China's increasing economic and political presence
Jeremy Bransten
November 24, 2004

The McKinsey Global Survey of Business Executives, November 2004

McKinsey survey finds decreased global executive confidence
December 16, 2004