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.

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

Singapore, Vietnam Team Up on Third-Party Projects

Together they win four logistics deals from Japanese investors and will now target European and US investments
Audrey Tan
August 18, 2004

US Troop Pullout Will Hit South Korean Economy

Entertainment industry, in particular, fears shutdown of businesses; thousands employed by US military may also lose jobs
Lee Tee Jong
July 13, 2004

Germany a Gateway to Europe for Chinese Businesses

Investors from the Far East take over insolvent companies to acquire patents and technologies at a good price
Mark-Werner Dreisörner
July 16, 2004