Michael Spence argues that much of the furor over austerity misses the fact that deficit reduction is only one step on the road to restoring competitiveness, employment, and growth.

Peter Orszag calls for a "combo deal" of upfront stimulus and long-term deficit reduction because it would be less risky, offer more growth, and be more likely to be enacted than a stimulus-only approach.

Jagdish Bhagwati and Arvin Panagariya say recent election results, favorable central bank policy, and the resiliency of previous reforms should give hope for India's economic future.

Peter Orszag argues that broad spending caps are the wrong way to reduce deficits because they fail to address the reasons why spending continues to increase.

Jagdish Bhagwati argues the failure of the Doha round's multilateral trade negotiations undermines the rule-making authority and dispute-settlement mechanism of the World Trade Organization.

Robert Rubin explains how the pressures of the "fiscal cliff" will present U.S. political leaders with a rare second chance to make critical fiscal reforms after the 2012 elections.

Sebastian Mallaby explains why private equity represents a sound alternative to the beleaguered public equity model of corporate governance.

Michael Spence surveys a variety of economic development models, highlighting the problems of long-term sustainability inherent to each.

Martin Wolf writes that, if a eurozone breakup is too costly and greater fiscal solidarity is unattainable, faster adjustment is the only route to bring the region back to health.

Peter Orszag explains that, when U.S. officials adopt policies carefully designed to produce future federal deficit reductions, most of those reductions do eventually happen.

Martin Wolf argues that the Cameron government's reluctance to take advantage of extraordinarily cheap borrowing costs risks permanent damage to the British economy and society.

Martin Wolf argues that François Hollande can put the eurozone back on a path to prosperity by shifting German leaders' focus away from austerity and toward reforms coupled with symmetric adjustment of the monetary union's internal imbalances.

Peter Orszag discusses the strengthening link between high incomes and macroeconomic activity.

Richard N. Haass says today's college graduates will lead 21st century lives, and in an age of globalization, the world will matter to them as never before.

Martin Wolf surveys the future of central banking in a world transformed both practically and theoretically by the financial crisis.

Jagdish Bhagwati and Francisco Rivera-Batiz suggest that interstate competition for illegal labor will force states with tough illegal immigration policies to soften their stances.

Sebastian Mallaby explains how post-election gridlock could either send the U.S. economy over the edge of a "fiscal cliff" into recession or lead it down a risky road of more debt and downgrades.

Michael W. Hodin discusses how the demographic shift toward an older population will make current tax policies unsustainable in coming decades.

Peter Orszag works through various approaches U.S. policymakers could take to head off fiscal catastrophe as a storm of tax increases, spending cuts, and a debt ceiling standoff looms at the end of the year.

Sebastian Mallaby argues that, by focusing on a "Buffett rule," President Obama is squandering his chance to sell voters on meaningful tax reform.