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.

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

Outlook: Outsourcing America's Future

In the future, where will Americans work?
Jodie Allen
March 8, 2004

Overseas Job Shift Affects Office Market

Can't sell office space in the US? Blame outsourcing, say some real estate specialists
Terry Pristin
October 8, 2003

US Firm to Control Chinese Bank

Newbridge buys 18 percent of Shenzhen shares
Peter S. Goodman
June 1, 2004