Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Climate: Is a Big Technology Push Really Enough?

I’ve been mulling over this problem ever since I finished this paper with Arvind Subramanian. We conclude that to deal with the climate change threat to human well-being and livelhoods as we know them today requires an extraordinary technological revolution – not just reducing carbon content but completely eliminating it, i.e. completely severing the link between burning fossil fuel and generating energy.

Development and the Seoul G-20 Summit

Reports of progress last weekend notwithstanding, the so-called currency wars—the reality and threat of competitive devaluations—are likely to continue to dominate the news about the upcoming Seoul G-20 Summit.

UNESCO’s Decision to Accept Money from One of Africa’s Worst Dictators is Outrageous

This posting is joint with Julia Barmeier

According to its website, the United Nations Educational, Scientific and Cultural Organization (UNESCO) has stopped accepting nominations for its UNESCO-Obiang Nguema Mbasogo International Prize for Research in the Life Sciences. But we are guessing that the applicant pool remains quite small. Frankly, who would want his or her name affiliated with one of Africa’s worst dictators? Besides UNESCO, that is.

A Development Perspective on China’s Currency—And a Fresh WTO Solution

My colleage Arvind Subramanian published an intriguing Op-Ed in the Financial Times this week. In “The Weak Renminbi is Not Just America’s Problem” Arvind notes that the undervalued Chinese currency is a global problem that requires a multilateral response. He then argues persuasively that neither the United States nor the IMF can be expected to persuade China to revalue its currency. Instead, he says, such action should come from the WTO.