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.

Looking for a Villain, and Finding One in China

Increasingly, China's fast growth poses challenges for the United States
Eduardo Porter
April 18, 2004

Shell Withheld Reserves Data to Aid Nigeria

The symbiosis of government and business takes a hit
Jeff Gerth
March 19, 2004

A Normal Country

Russia is doing just fine compared to other middle income countries
Andrei Shleifer
March 30, 2004

OPEC Heayweights Back Production Cut

To cut or not to cut oil production: that is the question
Carola Hoyos
March 30, 2004

Schröder Condemns Job Offshoring as Unpatriotic

Outsourcing and nationalist furor in Germany
Bertrand Benoit
March 23, 2004