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Blog Post
September 03, 2013
It’s been a tough few months for emerging-market currencies. The top slider, India’s rupee, has fallen 20 percent against the US dollar. The Indonesian rupiah and the Brazilian real have fallen about 15 percent; Turkey’s lira is down about 10. As the currencies fall, so d...
Blog Post
August 26, 2013
In this Wonkcast, originally posted on September 7, 2011, Michael Clemens explains why one of the biggest growth opportunities in the world economy lies not in the mobility of goods or capital, but in the mobility of labor. His message remains relevant as International Migrants Day approaches on Dec...
Blog Post
August 26, 2013
People who move from poor countries to rich countries add colossal value to the world economy. They can do this, my research has shown, because their labor is often several times more valuable in the countries they move to. Workers who move, even in modest numbers, can create economic gains in the t...
Blog Post
June 04, 2013
My guest on this week’s Wonkcast is CGD senior fellow Liliana Rojas, chair of the Latin American Shadow Financial Regulatory Committee (CLAAF), and our topic is the latest policy statement from CLAAF, which brings together the region’s top economists, mostly former ministers of finance a...