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.

Despite Rhetoric, Offshoring Won’t Stop

A global recession is the time for outsourcing some tasks and reducing costs as well as anxiety
Dinesh C. Sharma
March 9, 2009

Is Protectionism Unavoidable?

Political compulsion could overcome economic prudence but coordination among countries may limit damage
Jeffrey E. Garten
February 6, 2009

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

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

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

China, The New Indispensable Nation?

China and the US, each nervous about the other, must work together to resolve global problems
Steven Mufson
November 19, 2014

The Economics of Inclusion

Investment in infrastructure for all could spur economic growth
Ricardo Hausmann
November 17, 2014

Seeds of a Modern Economic Empire

Tired of waiting for IMF reform, China launches AIIB
Nayan Chanda
November 12, 2014

Central Asia Hurting as Russia’s Ruble Sinks

Inflation hurts those who rely on remittance and imports from Russia
David Trilling and Timur Toktonaliev
November 6, 2014

Missing the Prime Suspect in the Global Slowdown

Global debt on rise thanks to quantitative easing and low interest rates
George Melloan
November 5, 2014