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Apr
16
2024
HYBRID
Washington, DC
2:00—3:00 PM ET / 7:00-8:00 PM BST
April 04, 2024
Ngozi Okonjo-Iweala is the first African and first woman to head the World Trade Organization, building on a long career where she guided Nigeria through debt distress and introduced sweeping economic reforms across two terms as finance minister. She was also a leader at the World Bank across a 25-...
WORKING PAPERS
April 04, 2024
Star firms, defined as the top 10 percentile of firms in the world in terms of return on invested capital, are more likely to occur in high-income countries and manufacturing industry, but there is an increasing share of star firms from middle-income countries and the services sector. Star firms hav...
Blog Post
April 04, 2024
A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to “star firms,” a small set of firms that generate abnormal returns for their investors. A common concern is that these firms exert excess market power and behave as...
WORKING PAPERS
April 02, 2024
Starting in 2001, duty-free access to U.S. markets under the African Growth and Opportunity Act (AGOA) led to a brief boom in African manufacturing exports, particularly apparel, which then fizzled in the face of unfettered Chinese competition after 2005. The looming expiration of AGOA—and eroding C...
Blog Post
April 02, 2024
“Trade not aid” is a slogan that appeals to certain instincts on both the left and right. The idea being that rich countries can do more for economic development in poor countries by granting them market access than by sending charity. But will market access really stimulate economic growth in laggi...
Blog Post
March 07, 2024
An extraordinary cascade of crises threatens Africa’s growth and economic stability. The incomplete economic recovery from the global pandemic, Russia’s invasion of Ukraine, food and fuel inflation, rising debt distress, and Israel’s ongoing war in Gaza have all aggravated geopolitical and geo-econo...
Feb
28
2024
IN PERSON
11:00—12:15 PM
February 28, 2024
In recent years, countries have imposed restrictions on the cross-border movement of data as a means of protecting privacy and encouraging the growth of domestic tech sectors. The impacts of such measures on consumers, particularly those living below the international poverty line, have garnered lit...
Blog Post
March 05, 2024
Last week, CGD and ACET (The African Center for Economic Transformation) co-hosted an event on rules that limit the cross-border transfer of digital data. The basis for the discussion was David Medine’s recent paper for CGD “Data Localization: A Tax on the Poor,” and the group involved experts and p...