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Here are some of the top articles featured on EconomyWatch:

SOS – The Eurozone Can No Longer Save Themselves: Raghuram Rajan

The eurozone crisis is now a global crisis. If the crisis cannot be resolved quickly, the entire world will suffer. Despite the global implications, the eurozone continues to try and rely on itself to solve its woes. This is a recipe for trouble. The eurozone should suppress any wounded pride, acknowledge that it needs help, and provide quickly what it has already promised.

Undoing the Bankruptcy of Capitalism: Joseph E. Stiglitz

To cure the economy, we need to understand exactly what ails it. An accurate diagnosis is just as important as a proper prescription. As Stiglitz argues, the economic problem we have is more severe than most people realize and the shocker is this: Austerity will not cure it.

Myths Debunked: Why China Will Have A Soft Landing: Stephen S. Roach

Too much has been said about the state of the Chinese economy. While it has largely powered through the thick of the global financial crisis – China’s economic strength in fact buoyed much of the world’s economy during the meltdown – many doubts have also been raised about the outlook for the world’s second largest economy. 

Globalisation Demands Better, More Effective, Governments: Jeffrey D. Sachs

Economic globalization has, of course, produced some large benefits for the world, though it has also created major problems that need to be addressed. These problems demand a similar global response, which must first be built from individual governments. For years, the world’s government has got it wrong: in order for governments to operate effectively, the role of government needs to be modernized, in line with the specific challenges posed by an interconnected world economy.

Divided We Fail – The World Needs Quick And Collective Action: Christine Lagarde

A crisis of confidence envelops the global economy today. Too much debt is denting confidence – in turn holding back spending, investment and job creation. In these circumstances, we need collective action for global recovery along four main policy lines: repair, reform, rebalancing, and rebuilding. 

Remedies For An Ailing Economy - How To Avert A Crisis: Nouriel Roubini

Global markets are in unchartered territory. A series of austerity measures have been announced, but the news coming out from Europe and the United States continue to bear the same consistent note of pessimism. The risks ahead are not a double-dip recession, but a severe contraction that could lead to Great Depression II. But can it be prevented?

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