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.

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

Making Globalization Work for All

To alleviate global poverty, rich nations must increase foreign aid
Jeffrey D. Sachs
October 2, 2004

Most Transport Workers Yet to Unionize

ITF meeting reveals weaknesses in Indonesian labor movement
Ridwan Max Sijabat
September 2, 2004

The Challenge of China and India

Their rapid economic advancement may leave developed countries in a bind
Stephen Roach
August 31, 2004