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.

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

OPEC and the Prisoner's Dilemma

Setting production limits helps all oil exporters, but individual members find that cheating pays
Kurt Zenz House
December 25, 2008

The End of a Gilded Age

Organizations are discovering that fewer managers and administrators result in better processes and products
Harold James
January 6, 2009