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.

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

Beijing Puzzle

China has plenty of goods to sell, but few buyers at home or abroad
January 21, 2009

Drug Making’s Move Abroad Stirs Concerns

US pharmaceutical firms are increasingly dependent on Chinese suppliers
Gardiner Harris
January 28, 2009

Global Downturn Dooms Prestige Construction Projects

New architecture could emphasize sustainability and good sense
Uwe Klußmann
January 20, 2009

Europe Fears Civil Unrest

Failing to control economic decline, leaders discuss handling citizen anger and possible protests
Peter O'Neil
January 26, 2009

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