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CGD NOTES
March 11, 2024
Pakistan’s recent economic history shows why it has been so difficult to service the external debt and why this will continue to be a challenge in the future. First, external debt has not been used to expand public investment for many years now; instead, it has largely supported government consumpti...
CGD NOTES
February 02, 2024
Most of the episodes in this series have been about my luck and privilege as a white and well-off American; they reflect my growing realization that the luck and privilege I’ve enjoyed in the nearly eight decades of my lifetime are in good part a product of America’s vast wealth and power throughout...
CGD NOTES
January 30, 2024
As policymakers in protracted refugee situations shift from short-term humanitarian responses to longer-term development support, it is critical to identify effective approaches for allocating scarce resources. Hundreds of millions of dollars are spent on livelihood programs for refugees annually, y...
CGD NOTES
December 04, 2023
On November 9, 2023, Australia and Tuvalu signed an unprecedented cooperation agreement. It offers 280 Tuvaluans—2.5 percent of the islands’ population—permanent residency in Australia each year. The agreement, which stems from a recognition that Tuvalu’s long-term future is endangered by climate ch...
CGD NOTES
May 03, 2023
The productivity drought and the unending search for GDP growth by high- and middle-income countries has drawn attention to the flagging vigor of large incumbent corporations and the need to groom a crop of "unicorns"—highly valued, entrepreneurial, superstar firms can potentially dial up competitio...
CGD NOTES
April 06, 2023
Countries continue to bet on Special Economic Zones to improve their industrial prospects, but why? SEZs are a handy and politically expedient instrument of regional and industrial policies, but too often, countries continue to establish zones even though they've ceased to deliver the outcomes they...
CGD NOTES
July 05, 2022
Global gatherings from Addis Ababa to Glasgow are setting targets from climate through health and education to energy and transport that call for a lot of investment for sustainable development. But how much you can afford to invest depends on how much you’re paying for it. And that’s where the simp...
CGD NOTES
May 04, 2022
India has had a long and (mostly) distinguished record in monitoring poverty, based on the National Sample Surveys (NSS), done by the government of India’s National Sample Survey Organization (NSSO). (The surveys have had many applications, but here the focus is on measuring poverty.) Prior to the e...
CGD NOTES
February 24, 2022
The worldwide shock inflicted by COVID-19 had the making of a “perfect crisis:” the kind that should not be wasted. Indeed, it could serve as an opportunity to initiate major reforms. Unfortunately, Pakistan, like virtually all other countries, has permitted the opportunity to go waste. Pakistan may...