The Copenhagen Consensus Project recently asked a group of 24 UN ambassadors and other diplomats to prioritize a list of 40 global development interventions. The US was there. Their interesting report places heath and sanitation on top, with education and hunger somewhat lower. Trade, financial, and environmental policies received lowest priority, due in part to political infeasibility.
CGD Policy Blogs
Nearly every time there is a news story about the billions of dollars flowing to poor countries as remittances, someone worries that not “enough” of that money is being saved and invested. A case in point is today’s piece in the Washington Post. Latin American workers in the US will send home $45 billion this year, but “only a small portion … has gone to economic development.”
A new paper (pdf) from UNDP is very old wine in a new bottle. It purports to estimate the “cost” of halving poverty in 15 of the poorest African countries. It concludes that aid in the amount of about 13-25% of GDP could cause poverty to be halved there over the next nine short years.