The prosperity of the United States and China depends on helping China further integrate into the global economic system.

Both parties will use presidential conventions to boost their candidate's credentials on the economy and national security, at a time when both issues overlap.

Troubles at U.S. mortgage lenders Fannie Mae and Freddie Mac renew fears that housing woes will rock global financial markets.

In this Financial Times op-ed, Benn Steil argues that the Fed's aggressive monetary expansion threatens to undermine its unique powers among central banks, and, if continued, will have damaging consequences for America's future prosperity and global political influence.

In this Nikkei article, Roger Kubarych outlines the lessons learned in the past few weeks that will be of lasting importance to global investors. He finds that "too complex to fail" is the prevailing U.S. economic doctrine—with the Bear Stearns bail-out as case in point. Kubarych also argues that banks are capitalists until they need government hand-outs but will revert to type once the crisis fades.

China’s economy is growing at a heady clip, but a stretched stock market, burdened by restrictions on international investment, spells concern.

A pillar of China’s communist economic model, land collectivization, faces mounting pressure from farmers for reform, pitting rural forces against the tide of development.

Dmitri Medvedev handily won Russia’s presidential elections. He stands to inherit an economy on the rise but fraught with potential land mines.

In this Boston Globe op-ed, Brad Sester argues that global policy makers should start to think seriously about the best way to exit from a system where a number of countries around the world, in very different economic circumstances than the United States, are importing the consequences of the weak dollar.

In his Washington Post column, Sebastian Mallaby writes that investment banks should reform their incentives so they are more like hedge funds.

CFR’s Sebastian Mallaby says emergency rate cuts reveal a shifting focus at the U.S. Federal Reserve.

The China Investment Corporation’s $5 billion investment in Morgan Stanley, its $3 billion investment in Blackstone and the China Development Bank’s likely $2b investment in Citigroup have attracted an enormous amount of attention.  In this paper for RGE Monitor, Brad Setser examines the unprecedented growth in China ’s foreign assets, the key institutions managing these assets, and the composition of China's aggregate external portfolio.

Michael Gerson writes that global prosperity sounds good, but it will come with hidden problems of its own.

The World Economic Forum examines the global risks that will need to be managed in 2008.

This Foreign Affairs article argues against U.S. policymakers pushing China to revalue its currency.

Rachel Loeffler writes that "financial sanctions, not appeasement or confrontation, are taking a toll. Now is the time to ratchet up the pressure."

India’s growing influence in Afghanistan aims to stabilize a region that has caused sleepless nights in New Delhi.