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.

Stopping the Death Spiral

US healthcare reform can help the world
David Dapice
May 26, 2009

Two Views on the Cause of the Global Crisis – Part II

The twin excesses – financialization and globalization – caused the crash
Ashok Bardhan
May 6, 2009

Two Views on the Cause of the Global Crisis – Part I

Income inequality and speculative investment by the rich and poor in America led to the financial meltdown
Branko Milanovic
May 4, 2009

China Tries to Wriggle Out of the US Dollar Trap

By diversifying into resources and using financial instruments, China attempts to reduce its US dollar exposure
Wenran Jiang
April 29, 2009

The G-20 and the Future of Capitalism – Part III

For all its inequity, instability and immorality, a chastened capitalism is here to stay
Pranab Bardhan
April 3, 2009

Somalia’s Piracy Offers Lessons in Global Governance

Protecting the global commons requires more than a military response
Christopher Jasparro
April 6, 2009