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.

Terrorism Could Cost East Asia 3% in Growth over 5 Years: Study

Australian report sees economic impact lasting up to 10 years or more
Donald Urquhart
June 22, 2004

Death Knell for Cross-Border Leasing Deals

Closure of loophole in U.S. tax law means German municipalities lose financing instrument
Heidi Sylvester
June 25, 2004

US Troop Pullout Will Hit South Korean Economy

Entertainment industry, in particular, fears shutdown of businesses; thousands employed by US military may also lose jobs
Lee Tee Jong
July 13, 2004

Germany a Gateway to Europe for Chinese Businesses

Investors from the Far East take over insolvent companies to acquire patents and technologies at a good price
Mark-Werner Dreisörner
July 16, 2004

Japanese-type Downturn

Korea tries to avoid experiencing what Japan went through in the 1990’s
July 22, 2004