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 Dissenter on Outsourcing States His Case

Intellectual heavyweight challenges prevailing economic theories
Steve Lohr
September 7, 2004

Measure first, then cut

A new study shows that bad regulations are a huge brake on global growth and yet they can be reformed easily
September 9, 2004

Invite China to Join G7 for Everybody's Sake

China should be admitted to the G-7 by virtue of its sheer economic importance
Kevin Rafferty
May 4, 2004

Tourism Make-Over for Pariah State

Thai officials advise Burma on bolstering its tourism industry
Marasri Boonroj
August 4, 2004

Experts Call for Stronger Guidance to Foreign Investment

Prescriptions result from uneven development and foreign investment
August 3, 2004