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Blog Post
June 29, 2020
Last week, the IMF revised the post-COVID growth forecasts it had made originally in the April World Economic Outlook (WEO). The April growth forecasts numbers projected a significantly more optimistic outlook for EMDEs compared with advanced economies. It turns out that the latest June forecast ma...
WORKING PAPERS
May 14, 2020
The IMF’s forecasts of GDP growth in 2020 suggest a substantially muted impact of the COVID crisis for developing countries compared to advanced economies. We hope that the relative optimism will not induce complacency and elicit a less-than-forceful response by countries themselves nor legitim...
CGD in the News
December 30, 2009
When celebrities such as Angelina Jolie or Bono highlight human tragedy to show that something can be done to alleviate it, the heart melts and the purse strings loosen. But the stars, alas, aren't up on the economic literature. Research is increasingly questioning the benefits of foreign aid.
CGD in the News
December 30, 2009
The leaders of the world's largest economies have agreed to address the global food price crisis at the G8 summit in June. What should they do? CGD president Nancy Birdsall and senior fellow Arvind Subramanian argue in a Wall Street Journal op-ed that the answer lies in policies that promote trade a...
CGD in the News
December 30, 2009
The Indian policy response to inflation has been somewhere between poor and awful.Yes, India has a global inflation problem because world demand, especially for commodities, is running ahead of world capacity. The phenomenon is global but policy responses will be national.
So, which countries are g...
CGD in the News
December 23, 2009
This op-ed originally appeared in the Business Standard.
Nancy Birdsall & Arvind Subramanian: Reduce Verbal Emissions First
By Nancy Birdsall and Arvind Subramanian
The emerging consensus is that no agreement on climate change — at least not one with specific commitments — will be reached at next...
CGD in the News
December 23, 2009
This op-ed originally appeared in the Business Standard.
By Arvind Subramanian / New Delhi November 25, 2009,
Around the peak of the global financial crisis, in late November 2008, I wrote a column which concluded: “Some time in the not-too-distant future, when the storm clouds recede, when the ru...
WORKING PAPERS
December 18, 2009
Decades of research have been unable to conclusively show either a positive or negative effect of aid on economic growth in poor countries. CGD senior fellow Arvind Subramanian and Raghuram G. Rajan use a new technique in their latest working paper that suggests aid slows the manufacturing sector b...