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.

A Development Nightmare

What if poor nations actually caught up with rich ones?
Kenneth Rogoff
February 16, 2004

Europe Fears Civil Unrest

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

Singapore Hooked on External Demand

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

Outsourcing’s Appeal Grows During Volatile Times

Hiring outsiders allows businesses to specialize and remain flexible to fast-changing economic conditions
Melanie Rodier
January 23, 2009

Assembly Fails to Vote on FTA, Troop Bills

South Korean farmers and activists take to the streets
Lee Joo-hee
February 10, 2004