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.

A Grim Report on Future Grabs Europe's Attention

Former Dutch Prime Minister Wim Kok warns of economic trouble ahead
Graham Bowley
November 12, 2004

The Looming Revolution

China, the world's workshop, is poised to become its tailor. What will happen to textile industries elsewhere, especially in South Asia?
November 16, 2004

Spend $150 Billion Per Year to Cure World Poverty

So the economist Jeffrey Sachs is telling the developed world. But can money really change everything?
Daphne Eviatar
November 7, 2004

From Boom to Bloom

Fatal flaws may underlie China’s economic miracle
November 10, 2004

Can Arab Financial Institutions Rise to the Challenge?

Banks in the Middle East should play more active roles in investments
Dr. Bassam Fattouh
November 11, 2004