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.

US and China: Grappling Over Economic Rescue – Part II

The two nations must first coordinate stimulus plans, then engage in currency diplomacy
Edward Gresser
February 2, 2009

US and China: Grappling Over Economic Rescue – Part I

China’s coupon schemes, aimed at boosting domestic consumer spending, ignite heated debate
Xu Sitao
January 30, 2009

US and China Must Tame Imbalances Together

The two nations must coordinate fiscal and monetary policy to control the crisis they helped create
Michael Pettis
January 6, 2009

Divergence Grows Between China and the West – Part I

The rest of the world fails to appreciate China’s concerns over its own domestic challenges
Xu Sitao
December 18, 2008

Mortgages May Be Toxic, But US Treasuries Appear a Safe Haven

Interventions to stem the financial crisis seem to increase foreign creditors’ trust in US government
Ashok Bardhan
December 16, 2008

The Rise of Asia Means You Need Different Style of Leadership

Winning companies will be led by diverse collaborators
Rick Lash
April 29, 2014

Agreement Reached on Deep Sea Mining

Environmentalists warn of long-term damage
David Shukman
April 28, 2014

Globalization Responsible for Factory Tragedy

Fashion firms shift orders to low-regulation countries
Grahame Lucas
April 28, 2014

Reform of Bretton Woods Institutions: The IMF Might Not Live to See Its Anniversary

Countries impatient for reform may form an alternative lending organization
Valentin Katasonov
April 24, 2014

Global Food Security: Debunking the “China Threat” Narrative

Food self-sufficiency is not an option for China
Zhang Hongzhou
April 24, 2014