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.

Singapore Hooked on External Demand

Foreign reserves aided by exports, but for how long?
Eddie Lee
February 17, 2004

Outsourcing’s Appeal Grows During Volatile Times

Hiring outsiders allows businesses to specialize and remain flexible to fast-changing economic conditions
Melanie Rodier
January 23, 2009

Assembly Fails to Vote on FTA, Troop Bills

South Korean farmers and activists take to the streets
Lee Joo-hee
February 10, 2004

Beijing Puzzle

China has plenty of goods to sell, but few buyers at home or abroad
January 21, 2009

'Lean, Mean at 20

Japanese management practices have long proven their worth to American car manufacturers
Matt Nauman
February 11, 2004