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.

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

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

Programming Jobs are Heading Overseas by the Thousands

Is there a way for the US to stay on top?
Stephen Baker
February 23, 2004