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 Trek Abroad Quickens Pace

German economic recovery benefits foreign investments, domestic lull persists
Anke Bryson
September 3, 2004

Tour Operators Expect Bumper Sales

In Singapore, industry-wide revenues may rebound to pre-9/11 levels
Vince Chong
September 2, 2004

Trying to Stay Competitive, Cambodia Joins WTO

Will membership in the organization protect this fledgling economy?
Keith Bradsher
September 1, 2004

Asean Body Steps in to Help Budget Airlines

Organization hopes to bolster economic community through affordable flights and hotels
Nande Khin
September 1, 2004

Week in Economics: Sign of Slowdown

Dispatches from around globe indicate potential for future economic decline
Anna Fifield
August 27, 2004