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.

US and China Must Tame Imbalances Together

The two nations must coordinate fiscal and monetary policy to control the crisis they helped create
Michael Pettis
January 6, 2009

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

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The Post-Crisis Crises

Fiscal cliffs, debt ceilings – these distract lawmakers from big problems like climate change
Joseph E. Stiglitz
January 15, 2013

How Chinese Economic Policy Could Save Club Med Countries

Special economic zones could ignore labor laws and offer low wages
Mohnish Pabrai
January 7, 2013

The French Connection

To survive globalization, governments and multinational corporations must be vigilant and flexible
Nayan Chanda
December 12, 2012

Will Printing Money Do It?

Central banks stubbornly buy bonds, injecting liquidity into their economies, until jobs return
Nayan Chanda
October 9, 2012

The Anatomy of Global Economic Uncertainty

Countries, corporations and citizens respond in diverse ways to changing global paradigm
Mohamed A. El-Erian
December 28, 2011

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