Michael Spence argues that effective management of the assets side of national balance sheets is critical for promoting market efficiency, innovation, and resiliency.

Jagdish Bhagwati argues that growth can reduce poverty and that slow economic growth will hurt social development, which he also argues in his new book with Arvind Panagariya, "India's Tryst with Destiny: Debunking Myths that Undermine Progress and Addressing New Challenges."

The McKinsey Global Institute explains how to increase and create a better American infrastructure while saving money.

Peter Orszag explains why Build America Bonds could become victims of the fiscal cliff and why they should be saved.

A series of incidents over the last few years have made pipeline safety in America a national concern.

Michael Spence writes that Hurricane Sandy and its aftermath have highlighted the need for greater investment in critical infrastructure to minimize economic disruption after a disaster.

Spending on research and development is cited as important to a globally competitive economy. But a crucial U.S. advantage appears to be eroding, explains this Backgrounder.

Increases in fuel efficiency have mitigated the ability of the national gas tax to keep up with rising costs of highway construction and repair, necessitating new tax reforms to allow us to continue to maintain our roads, bridges and highways.

Michael Spence examines the causes of recent distress in both advanced and developing economies and evaluates potential policy responses.

Matt Bai discusses with Republican Ohio Governor John Kasich whether it was Kasich's JobsOhio program or President Obama's stimulus plan and the bailout of automotive giant General Motors that should be credited with improving the job market and economy in Ohio.

Peter Orszag calls for the revival of Build America Bonds to channel tax subsidies to state and local governments for infrastructure investment.

Peter Orszag explains that privatization would allow the U.S. Postal Service to free itself from congressional shackles and manage its operations more efficiently.

In the first installment of the Renewing America Progress Report and Scorecards, "Road to Nowhere: Federal Transportation Infrastructure Policy" provides a critical assessment of federal transportation policy, including background on major policy initiatives and analysis of what's needed to start moving forward.

Scott Thomasson, president of NewBuild Strategies LLC, discusses policy and legislative issues affecting state investment in infrastructure.

The Wall Street Journal comments that Americans don't want to live in Ray LaHood's car-free utopia; moreover, top-down transportation planning creates massive inequalities between states.

At a time when the country's infrastructure needs are more pressing than ever, Scott Thomasson offers pragmatic solutions for working around current congressional gridlock and unlocking modest yet critical infrastructure investment.

President Obama signed this executive order on infrastructure on March 22, 2012.

Peter Orszag looks at a dispute over water supplies in the southeastern United States to underscore the need for water policy reforms and greater infrastructure investment.

Rail infrastructure is a critical component of a transportation network capable of helping the United States compete in global markets. Efforts to expand and modernize U.S. rail, particularly to include high-speed trains, are under debate as lawmakers weigh costs and benefits.