Yes, the United States is pivoting to Asia, one of the reasons for the tête-à-tête last week between Barack Obama and Xi Jinping. But behind the scenes, President Obama has actually been reorienting U.S. diplomacy toward Europe.

On the heels of the Pacific Alliance's May 2013 summit meeting in California, Julia Sweig reflects on the significance of this new regional trade bloc and on the implications of Brazil's foreign trade and investment agenda.

Michael Spence writes that cooperation between the United States and China on issues surrounding the environment, trade, investment, and financial stability will be critical not only for the continued well-being of the two countries, but also for the successful rebalancing of the world economy.

The first foreign leader to visit Pakistan following its recent elections was the prime minister of China, signifying the close relations between the two countries. During the visit, Pakistani president Asif Ali Zardari said, "Our top priority is to further strengthen economic linkages."

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Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.

Jose Alvarez, Herbert and Rose Rubin professor of international law at New York University School of Law, discusses the growth and distributional effects and the human rights implications of global economic governance through bilateral investment treaties, with a focus on the global south.

Charles Landow and Courtney Lobel trace the evolving similarities between Pittsburg and Bangalore's economic development.

Outside of a humanitarian crisis—such as a famine or a natural disaster—it is hard to make the case that any country deserves another's economic support. To paraphrase Britain's Lord Palmerston, countries do not have permanent friends, only permanent interests.

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To date, Chinese officials have asserted that their interest in Gwadar is strictly a commercial effort to provide another energy corridor for Middle East oil, and Pakistani government officials stridently affirm this position. New Delhi, on the other hand, has expressed "concern" about the true motivations in developing Gwadar, suspecting that it is a Sino-Pak effort at encirclement.

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Joshua Kurlantzick discusses the China model of economic development, which he describes as, "economic liberalization without political liberalization."

This chart book shows the growth in foreign ownership of U.S. assets over time.

The Brazilian government faces a number of challenges and opportunities concerning its economic forecast in the coming years. After peaking at 7.5 percent growth in 2010, Brazil's recent economic slowdown has caused worry that the dream of a new high-growth economy had slipped out of reach.

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Joshua Kurlantzick explores why the "Beijing Consensus" has attracted so many admirers in recent years in this excerpt from his new book Democracy in Retreat.

Michael Spence examines what options the Italian government has for restoring economic growth as eurozone efforts at stabilization the banking sector and sovereign-debt markets founder.

Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.

Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.

Because a financial crisis can inflict lasting damage to productivity growth, Peter Orszag argues that the failure of U.S. policymakers to enact a "barbell" fiscal policy now could yield more economic troubles down the road.

Benn Steil's column in Dow Jones' Financial News, co-authored with Dinah Walker, shows why last March's Greek debt restructuring left Greece in poor shape to avoid financial collapse

Peter Orszag outlines the obstacles that China faces on the road to becoming a high-income country and explains why other nations should take note.