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.

Central Asia: Corruption, Lack of Vision Seen as Stunting Economic Growth

Policy forum blames corruption, lack of cooperation for Central Asian economic morass
Andrew Tully
October 11, 2004


The G7 no longer governs the world economy. Does anyone?
October 11, 2004

Budapest, the Next Bangalore? New EU Members Join the Outsourcing Race

Countries in central and eastern Europe are trying to catch up with India as providers of back-office and service staff for multinationals
Stefan Wagstyl
September 21, 2004

Africa Must Be Heard in the Councils of the Rich

Wealthy liberal democracies stack executive boards of World Bank and IMF undemocratically against poor
Kevin Watkins
October 1, 2004

States Pressing for Right to Set Shopping Hours

Effort aims to loosen Germany's tight grip on the labor market
William Pratt
October 1, 2004