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Blog Post
March 15, 2023
The COVID-19 pandemic resulted in the deepest global recession since World War II. Countries across the world implemented substantial mitigation measures in response to the economic shock of the pandemic, with the size of the economic stimulus measures averaging about 5.6 percent of GDP. Social pro...
Blog Post
March 09, 2023
Dana Hyde showed tremendous leadership and wisdom as the fourth head of the Millennium Challenge Corporation (MCC), serving for nearly three years during President Obama’s second term. These brief notes on her leadership are our way of providing a tribute to her major contributions to MCC’s effectiv...
WORKING PAPERS
March 07, 2023
The Korean model of development that flowered in the final third of the twentieth century remains a fertile source of lessons for countries in sub-Saharan Africa attempting to achieve sustainably high rates of growth. Korea relied on two principal drivers. One was a high level of investment in manuf...
Blog Post
March 06, 2023
I'm not a huge fan of arbitrary lines through country income levels to create income thresholds. That is because there is no obvious clustering of countries within the global (country-level) income distribution, and moving from one income status to another does not correlate with trend breaks or end...
Blog Post
March 06, 2023
The Sustainable Development Goals commit the world to ending extreme poverty by 2030. More cautiously, the World Bank’s twin goals suggest it can help reduce extreme poverty to 3 percent by 2030. Neither goal can be accomplished unless the extreme poverty line is (finally) fixed rather than constant...