Peter Orszag discusses ambitious incentives to increase the use of natural gas in the U.S. transportation system.

Jagdish Bhagwati laments the choice by delegates at the United Nations Conference on Sustainable Development to offer platitudes instead of realistic solutions.

Sebastian Mallaby examines the Spanish experience with countercyclical capital buffers to argue that even the most innovative banking regulations will never take taxpayers completely off the hook when banks go bust.

The UN Conference on Sustainable Development's Rio+20 conference on June 22, 2012 released this outcome document: "The Future We Want".

President Obama gave these remarks on June 20, 2012 following the G20 summit in Los Cabos, Mexico.

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.

G20 leaders released this "Growth and Jobs Action Plan" at the summit in Los Cabos, Mexico on June 19, 2012.

G20 leaders released this document on their policy commitments, country-by-country, at the G20 summit in Los Cabos, Mexico on June 19, 2012.

G20 leaders released this communiqué at the June 2012 summit in Los Cabos, Mexico.

President Obama and Mexican president Calderón gave these joint remarks after their meeting at the G20 summit in Los Cabos, Mexico on June 18, 2012.

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.

Economic Downturn: Compares economic indicators from the latest recession to past downturns, both post-war and pre-war, to demonstrate the recent recession is worse than other post-war recessions.

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.