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.

President Obama gave these remarks at the close of the G8 Summit at Camp David in Maryland, on May 19, 2012.

G8 leaders released this declaration at the May 18-19, 2012 summit at Camp David in Maryland.

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.

The 2009 G20 Summit Communiqué was issued on April 2, 2009 at the summit of G20 leaders in London.

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.