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.

Union in Crisis

Playing a blame game, scared European governments seem ready to throw weaker members out of the lifeboat
Jonathan Fenby
February 16, 2009

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

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

Self-Insurance or Self-Destruction?

Emerging economies with large foreign reserves fear Federal Reserve policy
Gene Frieda
April 7, 2014

Fresh Corporate Default Tests China’s Resolve

China, seeks to reduce moral hazard, monitors loan landscape for systemic threats
Lucy Hornby and Jamil Anderlini
March 14, 2014

How to Save the Shale Revolution

US fracking escaped federal review; to prevent bans, industry could pursue regulation
Robert A. Manning
March 11, 2014

Emerge, Splurge, Purge

Geography of emerging markets seduced investors
March 7, 2014

Europe Flood Losses to "Increase Fourfold" by 2050

Most projected losses from human development rather than climate change
Matt McGrath
March 5, 2014