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.

Islamic Finance: Banks Have Their Work Cut Out

Timid Singaporean bankers refuse to plunge into globally lucrative banking
Siow Li Sen
June 10, 2004

Death at Sandheads

Why are ships queuing up to die in the Bay of Bengal?
Ashis K. Biswas
June 17, 2004

Korean Businesses Ride Russian Economy

Savvy, localized marketing strategies attract burgeoning middle class
Kim Jung-min
June 18, 2004

Court Limits Sales on eBay

Ruling protects Germany's book-pricing system
Kristina Merkner
June 18, 2004

How Big a Threat to West is Growth of China?

With millions of middle-class consumers on the rise, prepare for global resource shortfalls
Stephen King
June 7, 2004