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Blog Post
October 23, 2023
In times of mounting debt, the quest for universal health coverage (UHC) faces critical challenges. Rising debt has far-reaching effects, including reduced access to financing, political instability, and decreased spending on international aid. The burden of debt, coupled with high inflation, is thr...
Blog Post
May 23, 2023
The past year has been challenging and turbulent for many frontier markets in Africa. In 2022, African economies met headwinds of inflation, the aftermath of the COVID-19 pandemic, and sovereign debt challenges. This led to a decrease in demand for African goods and services, as well as reduced inve...
Blog Post
April 24, 2023
That said, there are reasons to doubt that a declining working age population would have a long-term effect on prices. They are based on an argument that economists have long made when it comes to migration into economies where the domestic labor force was still expanding, termed the “lump of labor ...
Blog Post
April 10, 2023
The world has never been more educated, our populations more connected. Technological advance in areas from solar and fusion power through batteries to satellites and cancer vaccines will help deliver sustained development. Ending extreme ($2.15 a day) poverty, while long overdue, is on a trajectory...
Blog Post
March 28, 2023
In this piece, I recap a few key messages on USAID’s call to action, honing in on the role of data and evidence in driving policy and decision-making. I argue that we need better data on the progress of maternal and child survival through improved health information systems as well as greater use of...
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
In a new paper, Zack Gehan and I present scenarios for the global economy in 2050. These scenarios build on a forecast of economic growth built around income, population, education, and temperature. The process suggests a considerable degree of uncertainty about how the world will look in three de...
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...
Blog Post
March 06, 2023
Forecasts of the future shape of the global economy, if they are at least somewhat accurate, can help planning and policy discussions in areas from global governance through business expansion plans. At the same time, this relies on forecasts in fact being somewhat accurate, and it’s a cliché that p...
Blog Post
December 01, 2022
The US-Africa Leaders Summit in Washington, DC presents an important opportunity to discuss the public good provided by African countries in hosting 7 million refugees. One critical tool that African and US officials should focus on and jointly advocate for is the World Bank’s Window for Host Commun...