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.

Emerging Economies to Reap From Global Crisis

With growing power, emerging economies must take responsibility in pursuing policies that promote global stability
Dani Rodrik
December 19, 2008

Global Car Industry Fearful for Detroit

Failure of the US auto companies would not transform European firms into winners
Nelson D. Schwartz
December 16, 2008

Asia Faces a Tough 2009 as Output Decreases

Nations face challenges as the global economy eliminates excessive production and consumption
Michael Pettis
December 15, 2008

In China, Anger Rises as Economy Falls

Superb economic growth once kept political demands at bay
Barbara Demick
December 15, 2008

Powering Africa's Future

African nations seek nuclear energy, though uranium fuel is both limited and dangerous
Vera Kwakofi
December 12, 2008