Jagdish Bhagwati calls for increased domestic funding for NGOs in India.

Jagdish Bhagwati says that U.S. policymakers' promotion of manufacturing comes at the expense of more innovative and dynamic service sectors.

Amity Shlaes says that the White House can learn from Roosevelt's mistakes in demonizing business.

The most realistic scenario for global growth is painful, even if we avoid a double dip. US growth in the second half of this year and into 2011 will feel like a recession, write Ian Bremmer and Nouriel Roubini.

Martin Baily, Matthew Slaughter, and Laura D'Andrea Tyson discuss a new study about how the United States is in a new era of global competition to attract, retain and grow the operations of multinational companies that it's never faced before.

The latest gathering of the world's leading economies failed to signal a clear path to resolving global debt and growth concerns, but the Toronto summit can claim success in positively influencing major powers' economic policies, writes CFR's Sebastian Mallaby.

The WTO's Pascal Lamy discusses global trade and the state of the international economy.

The WTO's Pascal Lamy discusses global trade and the state of the international economy.

Reuters details the austerity measures adopted by European governments in efforts to stave off the spread of the Greek debt crisis.

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Sebastian Mallaby, director of the Maurice R. Greenberg Center for Geoeconomic Studies at the Council on Foreign Relations and the author of More Money than God, discusses his book and the role of hedge funds in the financial system.

Amity Shlaes argues that the discovery of $1 trillion in natural resources in Afghanistan might actually escalate the conflict.

Correspondent Kira Kay reports on a Canadian hunt for "rare earth" minerals, elements mined almost exclusively in China, that are key to emerging green technologies, cell phones, engines and other high-tech devices despite their short supply.

Benn Steil's June column in Dow Jones' Financial News, co-authored with Paul Swartz, shows how mass Russian and Chinese selling of Fannie and Freddie debt in 2008 severely exacerbated the financial crisis.  Contrary to the arguments of Fed Chairman Ben Bernanke and others, they show that there are very real dangers inherent in America's outsized reliance on foreign government financing.

The dollar's status as the world's reserve currency has become a facet of U.S. power, allowing the United States to borrow effortlessly and sustain an assertive foreign policy. But the capital inflows associated with the dollar's reserve-currency status have created a vulnerability, too, opening the door to a foreign sell-off of U.S. securities that could drive up U.S. interest rates. In this Center for Geoeconomic Studies Capital Flows Quarterly, Francis E. Warnock argues that a sell-off came close to happening in 2009. How the United States uses this reprieve will affect the nation's ability to borrow for years to come, with broad implications for the sustainability of an active U.S. foreign policy.

Uncertainties about eurozone debt and U.S. unemployment have lowered market confidence in the global economic recovery, say experts from JPMorgan, Barclays, and Bank of America in this update.

Experts analyze the global economy including European debt and international economic recovery.