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.

Guadeloupe Riots Turn Paradise Into War Zone as One Protester Shot Dead

Some responses to global recession prolong the hardship
Lizzy Davies
February 20, 2009

Stop Intervening: Greenspan

Currency market meddling brings warning from Fed chief
March 4, 2004

Testing Times: Collapse of European Industry Worse than Expected

As Europeans suffer from the economic crisis, the EU seeks to avoid protectionism
February 13, 2009

Meet the Zippies

US job outsourcing creates a new generation Z in India
Thomas L. Friedman
February 22, 2004

A Global Credit Squeeze Is Felt Unevenly

Governments hang on to their money as fear of lending sweeps the globe
Floyd Norris
February 11, 2009