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.

Pragmatic Politics

Germany should press China on human rights issues
Peter Sturm
May 7, 2004

Think Twice Before Migrating - The Grass There Won't Always Be Green

Singapore has many things going for it, says Prime Minister
Goh Chok Tong
May 3, 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

Immigrants' Cash Floods Homelands

Study finds totals much higher than expected
Mary Beth Sheridan
May 17, 2004

Globalisation in African continent

African economic revival can be speeded up through multilateral cooperation: a tool of globalization
Syed Jamaluddin
May 18, 2004