Peter Orszag argues that reforming medical malpractice law to include "safe harbors" that protect doctors who follow evidence-based medical guidelines could bring down health-care costs without reducing the quality of care.

Benn Steil's Wall Street Journal op-ed explains the unique historical circumstances in which the Bretton Woods international monetary system emerged in 1944, and why calls for "a new Bretton Woods" today will go unsatisfied.

FDR Treasury official Harry Dexter White was the leading architect of the Bretton Woods international monetary and financial system. But he was also a vital agent for Soviet intelligence in the 1930s and '40s. This article brings to bear startling new archival evidence to illuminate his motives.

Globalization refers to the increasing ease with which goods, services, capital and people can move across the world, which has been accelerated by advances in technology and government policies to reduce barriers. In terms of reducing poverty in as many countries as possible, there is no question that globalizationcontinues to be beneficial, even after the 2008 financial crisis. Poverty continues to fall worldwide at a rapid rate, and countries most integrated into the world economy have seen the biggest reductions in poverty. But it is also true that even before the crisis, the gains from globalization were not spread evenly. Though millions have been lifted out of poverty and everyone benefits from cheaper consumer goods and the opening of new export markets, there are still winners and losers.

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Jagdish Bhagwati contends that proposals for immigration reform centered on guestworker programs will be unsuccessful in stemming the inflow of undocumented workers.

Michael A. Levi writes that "climate change needs to be confronted," but that an overemphasis on clean technology could lead to new conflicts.

A comprehensive new study of the world's health status has the potential to dramatically improve how developing countries address surging problems like noncommunicable diseases, writes CFR's Thomas Bollyky.

Examines data including GDP, household debt, and industrial production to show the weakness of the current recovery compared to previous postwar rebounds.

People love to talk about "red lines" for all sorts of challenges, and the Iranian nuclear program is no exception. The United States can, in principle, threaten stronger sanctions if Iran crosses certain red lines. It can threaten military action if Iran crosses others. But it's not clear that setting red lines—particularly in public, where failing to follow through on threats can be costly—is a productive course.

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

As the 113th U.S. Congress considers an overhaul of the country's immigration system, Task Force members Richard Land, Eliseo Medina, and project director Edward Alden discuss U.S. policy options and political prospects for comprehensive change.

Peter Orszag argues that simplifying access to financial aid can help more Americans earn college degrees, reduce inequality, and boost economic growth.

The president's annual address set the stage for more political wrangling over U.S. fiscal policy at a time when decisiveness is crucial for the economy, writes CFR's Robert Kahn.

Michael A. Levi examines the potential security risks of U.S. dependence on oil in this response to an article published previously in Security Studies.

Moving away from fossil fuels could be devastating for some of the world's poorest countries, says Michael A. Levi.

Michael A. Levi and Daniel P. Ahn say, "If lawmakers decide to go ahead with further deficit reduction, they would be remiss not to take a hard look at higher oil taxes as part of the deal."

Peter Orszag finds good news about health care costs in the latest budgetary and economic projections released by the CBO, but he cautions that the outlook for unemployment and federal spending is still gloomy.

In a review of Al Gore's The Future, Jagdish N. Bhagwati says the former vice president mispredicts our future by misunderstanding our present.

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.