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.

Mounting US Debt Burden Threatens Poorer Nations

But drying up foreign credit to the US could be bad for all
David Dapice
March 2, 2009

China Reluctant to Lead

Unless Beijing assumes its global responsibility, the US will be left to act alone
Orville Schell
March 11, 2009

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

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

Government Had No Reason to Intervene in Stock Market Turbulence

When stock prices are distorted, investment turns into gambling
Ling Huawei
July 7, 2015

To Save Its Stock Markets, China Is Putting Its Whole Financial System at Risk

Interventions may unnerve investors
Gwynn Guilford
July 8, 2015

Angela's Ashes: How Merkel Failed Greece and Europe

Tsipras resents the IMF and other rescuers
Peter Müller and René Pfister
July 6, 2015

Greece's Referendum: The Price of Five Years of Cowardice

Leaders throughout Europe must face voters and admit that billions of taxpayer funds have vanished
Christian Rickens
July 1, 2015

Greece’s Banks Give Eurozone Peers Glimpse Into Abyss

Standoff between Greece and European Central Bank batter global markets
Paul J. Davies
June 29, 2015