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.

Asian Central Banks Consider Alternatives to Big Dollar Holdings

In efforts to reduce US dollar reserves, Asian Tigers, China and Japan could spook US bond markets
Phillip Day
February 5, 2004

Powering Africa's Future

African nations seek nuclear energy, though uranium fuel is both limited and dangerous
Vera Kwakofi
December 12, 2008

OPEC and the Prisoner's Dilemma

Setting production limits helps all oil exporters, but individual members find that cheating pays
Kurt Zenz House
December 25, 2008

The End of a Gilded Age

Organizations are discovering that fewer managers and administrators result in better processes and products
Harold James
January 6, 2009

American Power Is on the Wane

Immense US debt will shrink aid or investment for future worthy causes
Paul Kennedy
January 16, 2009