Stephen Roach argues that behind most major financial crises—the Asian financial crisis, the US subprime mortgage crisis, and the European debt crisis—are unsustainable economic imbalances. With the future of global economic growth still in question, the outlook may depend critically on how the United States and Asia move to address them.
President of The Chicago Council on Global Affairs, Marshall M. Bouton, discusses the rising tensions between major powers in Asia which pose new risks to the region’s prosperity and stability, and possibly to international peace.
The complex interaction of trade, capital, information, and technology is leading to an unprecedented level of human interconnectedness. This highly networked global society means record numbers of the world's population are moving into the middle class, especially in Asia. Kishore Mahbubani argues that new policies and approaches to governance are needed to solve pervasive problems such as financial volatility and health and climate issues.