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.

Divergence Grows Between China and the West – Part I

The rest of the world fails to appreciate China’s concerns over its own domestic challenges
Xu Sitao
December 18, 2008

Mortgages May Be Toxic, But US Treasuries Appear a Safe Haven

Interventions to stem the financial crisis seem to increase foreign creditors’ trust in US government
Ashok Bardhan
December 16, 2008

If Greece Defaults, Imagine Argentina, But Much Worse

Greece has many cross-border obligations
James B. Stewart
June 26, 2015

The Blue Amazon

Brazil’s soft power in Africa hardens to assert influence across the Atlantic and protect natural resources
Nathan Thompson and Robert Mugah
June 24, 2015

IMF Study on Debt Reduction: What It Says, What It Doesn't

Nations may best decide to pay down debt on case-by-case basis
William G. Gale and Diane Lim
June 24, 2015

Three Perilous Options for Greece Facing Europe

Each could introduce political and economic crisis
Gideon Rachman
June 23, 2015

Why It’s So Hard to Predict the Impact of a Greek Default

Cross-border impacts depend on the level of panic
Alex Rosenberg
June 19, 2015