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.

The Crisis Gives the US New Financial Power

With targeted spending and borrowing, the US can promote stability
Ricardo Hausmann
December 19, 2008

Deflating Bush's China balloon

A rise in the yuan will not help US job growth
William Pesek Jr.
December 17, 2003

Emerging Economies to Reap From Global Crisis

With growing power, emerging economies must take responsibility in pursuing policies that promote global stability
Dani Rodrik
December 19, 2008

Singapore Hooked on External Demand

Foreign reserves aided by exports, but for how long?
Eddie Lee
February 17, 2004

Global Car Industry Fearful for Detroit

Failure of the US auto companies would not transform European firms into winners
Nelson D. Schwartz
December 16, 2008

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