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.

Should China and the U.S. Swap Stimulus Packages?

While the US and China economies are flailing, both need rebalancing
Bill Powell
March 6, 2009

A Textile Capital of China Is Hobbled by a Downturn Gone Global

Factories and workers must adjust to new global thriftiness
David Barboza
March 10, 2009

For East Asia, Crisis Prompts a Rethinking of Dependence on Exports

Trade dwindling around the world spurs new financial strategy in East Asia
Keith Bradsher
March 5, 2009

How Washington Can Prevent “Zombie Banks”

Governments should close the banks that cannot lend or protect public savings in responsible ways
James Baker
March 10, 2009

A Faltering Solidarity? EU Resists Eastern Bailout Pleas

EU cracks under pressure as individual countries keep their hands to themselves
March 4, 2009

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