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Blog Post
May 09, 2024
Multilateral development banks (MDBs) are increasingly supporting their beneficiary member countries to improve outcomes for economic migrants and refugees. Every year, they provide billions of dollars in grants and loans, as well as technical assistance, policy dialogue, and knowledge exchanges. A ...
POLICY PAPERS
May 09, 2024
Economic migrants and refugees can bring both benefits and costs to their hosting countries. If well-integrated, they can support themselves, their families, and their hosting countries as producers and consumers. Both economic migration and forced displacement are therefore integrally linked with d...
WORKING PAPERS
April 23, 2024
This paper explores the potential implications of a declining absolute labor force on economic outcomes. It explores key macroeconomic variables during periods of negative and positive prime age (15-65) population growth (PAPG). These variables include 10-year bond yields, consumer price indices, fe...
Blog Post
April 23, 2024
The ongoing global demographic transition is massive in scale and likely impact. For most of the past 200 years, the vast majority of the world’s countries have seen population growth, particularly working-age population growth. As they’ve gone through the "demographic transition" toward lower birth...
Blog Post
April 10, 2024
The UK Government has committed to producing a strategy on how the UK will support local leadership on development, climate, nature and humanitarian action; and its Foreign, Commonwealth and Development Office has endorsed a Donor Statement on Supporting Locally Led Development. Lisa Nandy, Labour’s...
Blog Post
April 09, 2024
It's spring in DC, which means it's time once again for the IMF-World Bank Spring Meetings. Finance ministers, central bank governors, and other top officials from around the world gather to discuss the state of the world economy and the international financial architecture, and CGD's researchers ar...
Blog Post
April 05, 2024
One of the most serious challenges facing the global economy today is the impending sovereign debt crisis in many middle- and low-income countries. The fiscal outlook in some of these countries appeared dire even before interest rates started climbing and spending related to COVID-19 caused debts to...
WORKING PAPERS
April 04, 2024
Star firms, defined as the top 10 percentile of firms in the world in terms of return on invested capital, are more likely to occur in high-income countries and manufacturing industry, but there is an increasing share of star firms from middle-income countries and the services sector. Star firms hav...
Blog Post
April 04, 2024
A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to “star firms,” a small set of firms that generate abnormal returns for their investors. A common concern is that these firms exert excess market power and behave as...