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.

Jobs Flight? Worry about Industry Flight Instead

Singapore: Business's Best Stopover
Alvin Pang
February 12, 2004

Battle in a Poor Land for Riches Beneath the Soil

Vast uranium deposits in Northern Niger touch off a new front in the battle over Africa's vast mineral wealth
Lydia Polgreen
December 29, 2008

Deflating Bush's China balloon

A rise in the yuan will not help US job growth
William Pesek Jr.
December 17, 2003

Rebalancing Sino-US Ties

US consumers must gradually reduce borrowing while China must invest in a safety net
Nayan Chanda
March 9, 2009

The Reverse Swing

A mass reverse migration of workers could prolong the bitterness that comes with economic crisis
Nayan Chanda
February 16, 2009