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Blog Post
September 12, 2023
I utterly didn’t foresee the revolution in mobile internet services, and the incredibly innovative ways that it would be used. Back in 2002, 11 percent of the world’s population were internet users. Today, it is 63 percent—the considerable majority using connections over cheap mobile phones. Even in...
Blog Post
May 16, 2023
The potential for emerging technology in Africa is vast. With a future population of 2.5 billion people, the continent presents a huge market opportunity for businesses to tap into. For Japanese companies, there is a massive middle class opportunity waiting to be exploited. However, simply building ...
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...
Blog Post
April 26, 2023
The COVID-19 pandemic caused a sharp reduction of economic activity in the first months of 2020, which negatively affected the revenues, liquidity, and, potentially, the solvency of many firms. In response to this crisis, the European Central Bank (ECB) announced the Pandemic Emergency Purchase Prog...
WORKING PAPERS
April 26, 2023
This paper finds that shareholders of highly leveraged firms benefit relatively less compared to bondholders from the corporate quantitative easing (QE) announcements by the European Central Bank and the Bank of England in March 2020, as evidence of debt overhang. Firms more heavily impacted by the ...
Blog Post
April 20, 2023
Last week in DC was busy with the World Bank and IMF spring meetings, the Consortium of Universities in Global Health (CUGH) 2023 Annual Conference, and other events including the first UN-hosted Asia-Pacific Civil Registration & Vital Statistics (CRVS) Research Forum. Amidst a flurry of events on g...
Blog Post
April 06, 2023
Fourth industrial revolution rhetoric aside, many developing countries are still struggling to take full advantage of digital technology. This was one of the final challenges that Benno Ndulu—former governor of the Reserve Bank of Tanzania, visiting scholar at Oxford, and a non-resident fellow at CG...
REPORTS
March 29, 2023
The Handbook for Space Capability Development is an inclusive, pragmatic, and open-access resource focused on “foundational space capability” development. Its intended audience is the planner or planning team charged with drafting a national space strategy and building a national space program. Amon...
Blog Post
March 29, 2023
Space is almost too glamorous for its own good. This is understandable; for most of human existence, the nighttime sky has been unreachable, mysterious, yet strangely helpful (especially to those navigating or measuring time by the stars). Like the first ships to cross an ocean, early satellites wer...
Blog Post
March 27, 2023
Technology facilitates the rapid flow of vast quantities of data across the world. These cross-border flows have the potential to unlock substantial benefits for development and poverty reduction. Yet, many policymakers worry about the issues this raises, such as data protection and security, nation...