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

Terrorism Could Cost East Asia 3% in Growth over 5 Years: Study

Australian report sees economic impact lasting up to 10 years or more
Donald Urquhart
June 22, 2004

Death Knell for Cross-Border Leasing Deals

Closure of loophole in U.S. tax law means German municipalities lose financing instrument
Heidi Sylvester
June 25, 2004