Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

What Caused Those Dramatic Emerging Market Currency Dives? - Liliana Rojas-Suarez and Arvind Subramanian

Emerging market currencies have seen a lot of action over the last few months. India’s rupee has fallen 20% against the dollar, the Indonesian rupiah and the Brazilian real are floundering after falling 15%, and Turkey’s lire has slipped 10%. I invited CGD senior fellows Liliana Rojas-Suarez and Arvind Subramanian to explain what’s driving the fluctuations. Since these economies have mosty been performing pretty well—consistently growing faster than the rich countries—to the untrained eye, the currency slides seem dramatic and unexpected.

The Economic Consequences of Professor Amartya Sen

This post originally appeared in the Business Standard.

This United Progressive Alliance (UPA) government is heading into the tenth and possibly last year of office, a tenure whose crowning achievement might well be the Food Security Bill. One may fault this government for incompetence, corruption, and delayed action but it cannot be faulted for lacking a vision. There has been an overarching idea that underlies many of its economic policies: namely, that the poor and underprivileged in society must be empowered by conferring them with new rights - to work, education, food, and presumably, all basic needs.

The New Penn World Tables

Today is a special day for all researchers and practitioners of economics, especially development and international economics. The new (version 8) of the Penn World Tables (PWT) has been released. The PWT revolutionized, actually by making possible, research on economic development, especially to answer questions that needed cross-country comparisons.

Interview with WTO Candidate Anabel Gonzalez

My guest Anabel Gonzalez, Costa Rica’s minister of trade and a candidate to be the next head of the World Trade Organization (WTO), is a staunch believer in two powers: that of trade to uplift nations and that of the WTO to help navigate the process.

Be Mine: S. 332

Roses are red, violets are blue, here’s a climate change bill for you.

On Valentine’s Day, Senators Boxer and Sanders introduced S. 332, the Climate Protection Act of 2013. Senator Sanders also introduced his Sustainable Energy Act. The outlook for the package isn’t exactly rosy. The bills will have a tough time passing the Senate and would be pretty much DOA in the House.