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.

GE Taps a World of Local Skills

Even in a 'borderless' world, location still matters
Peter Marsh
February 18, 2004

The Multilateral Trading System: A Response to Its Challengers

As one of humanity’s greatest assets, free trade could help end the global recession
Ernesto Zedillo
March 9, 2009

Meet the Zippies

US job outsourcing creates a new generation Z in India
Thomas L. Friedman
February 22, 2004

Should China and the U.S. Swap Stimulus Packages?

While the US and China economies are flailing, both need rebalancing
Bill Powell
March 6, 2009

Can the ADB Resurrect Itself?

The Asian Development Bank must succeed in the Mekong region
Pana Janviroj
March 2, 2004