Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

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Viewing Africa from Beijing

This past week, a group of researchers and policymakers from Africa, China, Europe and North America gathered at the National School of Development, Peking University to discuss economic development in Africa.  The event was the authors’ workshop for the first edition Oxford Handbook of Africa and Economics. Over 40 papers were presented in parallel sessions on topics ranging from Africa’s underground economy to the economics of malaria and China's investments in Africa.

High-Level Endorsement for Oil2Cash

Donald Kaberuka, the President of the African Development Bank and the leading voice for forward-leaning economic policy on the continent, has come out publicly in favor of paying some portion of natural resource windfalls as a direct dividend to citizens. We’re pretty excited about this policy idea at CGD, and have been thinking through some of the pros, cons, and practicalities of what we call Oil-to-Cash. Watch this space for our Oil-to-Cash book later in 2014.

Is Latin America Ready for the Return of Normal?

New uncertainties come to the fore now that the global economy, after six years of turmoil, is showing signs of a return to a more normal situation, where real interest rates in the United States turn positive and commodity prices stabilize at a somewhat lower level, due to a cooling of red-hot demand from China. How will Latin America, which has been buoyed by capital inflows seeking higher returns, respond to the return of normal?  Will the economic and social progress observed during the past two decades hold?

Post-2015: A $1 Trillion Financing Package?

A $1 trillion financing partnership to support ending extreme poverty, stopping avoidable child deaths, and meeting other widely supported post-2015 development goals sounds far-fetched.  But improbable action is what will be needed if we’re going to come close to making such historically unprecedented progress.  Indeed, delivering on proposed zero goals is going to take a broad and deep global partnership that’s about far more than aid.

How Long Can You Live with This Kind of “Modern” Energy?

Lant Pritchett lambasts the donor focus on eliminating extreme poverty because getting the income of poor people to the $1.25/day threshold is a pathetic definition of success.  A decade ago Lant had proposed $15/day as more sensible minimum for human wellbeing. Today, he worries that setting our sights too low prevents us from meeting the real goal of development—to build modern, prosperous societies.

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