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 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

Debate Rages on Quantitative Easing’s Effect on Inequality

Bankers fret over ending the policy and stalling recovery
Chris Giles
October 28, 2014

The Zombie System: How Capitalism Has Gone Off the Rails

Value of many investments is uncertain if jobs do not materialize
Michael Sauga
October 27, 2014

American Schools Are Training Kids for a World That Doesn’t Exist

Students must handle challenges of world with 2 billion more people by 2035
David Edwards
October 23, 2014

Currency Wars Evolve With Goal of Avoiding Deflation

Global consumers delay spending
David Goodman, Lucy Meakin and Ye Xie
October 22, 2014

Meet the Entrepreneurs at the Forefront of the Space Race

The new Space Race is commercialized
Carren Jao
October 22, 2014