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.

Chinese Exports and Imports Continue to Shrink

Trade fortunes and troubles of East and West are tightly intertwined
Keith Bradsher
January 14, 2009

Financial Crisis Causes Iceland's Government to Collapse

Once wary about partnership, Iceland now seeks shelter from the European Union
David Blair
January 30, 2009

Darwin’s Recessionary Tip: Act Like a Beetle

Response to change could be more crucial than strength or intelligence
Jonathan Guthrie
January 12, 2009

A Development Nightmare

What if poor nations actually caught up with rich ones?
Kenneth Rogoff
February 16, 2004

Rebalancing Sino-US Ties

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