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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...
Press Release
March 07, 2023
Though there is considerable uncertainty about the shape of the world economy, the likely future appears to be one of a richer planet with more resources to respond to challenges like pandemics and climate shocks, and containing fewer people living in absolute poverty than ever in history, according...
WORKING PAPERS
March 06, 2023
We develop scenarios for the shape of the global economy in 2050 building on a simple regression of the historic relationship between current income and lagged income, demographic features, climate, and education, using the coefficients to develop a “central” forecast and error terms to set high and...
Blog Post
February 28, 2023
Sri Lanka's default on its debt in 2022 caused alarm among investors and development economists alike, and raised questions about the factors underlying the country's economic downfall. In this blog, we examine the reasons for Sri Lanka's default and the challenges that lie ahead.
CGD NOTES
February 22, 2023
This note looks at the development finance provided to multilateral institutions by a group of 13 major economies that have become significant international actors over the past decade. This group—which includes the five BRICS countries—are outside of the mainly Western, high-income countries that a...
Blog Post
February 22, 2023
Whilst the war instigated by Russia, and rising competitions with China, could suggest a return to a cold-war-esque bipolar world, the spread of economic growth and prosperity mean the economic and financial influence is much-wider spread. The “emerging” economies are significantly stepping up thei...
Press Release
February 22, 2023
A new study examining the impact of 13 rising economies including China, Brazil and India on global development has found that their contributions to multilateral institutions like the World Bank and the UN have increased five-fold over a decade, totalling around $6 billion in 2019, compared to just...
CGD NOTES
February 07, 2023
It is well understood that the same amount of aid makes a bigger difference to peoples’ lives when their incomes are lower. And Development Minister Andrew Mitchell has rightly emphasised a “focus on the poorest and most vulnerable” in the UK’s development activities. With significant cuts to the UK...