A new paper coauthored by Alan Gelb, Christian Meyer, Divyanshi Wadhwa, and myself suggests that Africa is not, in general, poised to embark on a manufacturing-led take-off, stepping into the shoes of emerging Asia. Africa, including those countries that have come to be regarded as leaders in development, has high manufacturing labor costs relative to GDP as well as high capital costs relative to low-income comparators.
CGD Policy Blogs
Given the rate and scale of the unfolding crisis in Myanmar, the international community is rightly focused on emergency humanitarian measures. But it is also imperative for international actors to move quickly to develop complementary solutions that can improve the situation both now and in the longer-term. Here are three key elements of such a package for Bangladesh.
OPIC recently announced it will invest $2 million in a Development Impact Bond (DIB) aimed at improving the availability and quality of cataract surgery services in Cameroon.
One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is startling.
The UK government has made a welcome commitment to improve trade access for poor countries after Brexit. The question in the White Paper is how to do that. Brexit offers the opportunity to replace the EU’s Economic Partnership Agreements with a simpler, broader and more generous regime that encourages developing countries to export more.
This week, as world leaders meet in Washington, DC for the Annual Meetings of the International Monetary Fund and World Bank, they will be discussing ways to reduce global poverty and inequality. At the Center for Global Development we're addressing the question, what are the next frontiers in global development?
Defining Benefits for Universal Health Care—How Governments Can Get the Most Bang for Their Health Care Buck
Vaccinate children against measles and mumps or pay for the costs of dialysis treatment for kidney disease patients? Pay for cardiac patients to undergo lifesaving surgery, or channel money toward efforts to prevent cardiovascular disease in the first place? For universal health care (UHC) to become a reality, policymakers looking to make their money go as far as possible must make tough life-or-death choices like these.
Dear Finance Minister,
This Wednesday, you will be attending an event on tobacco taxes at the World Bank’s annual meetings, where President Jim Kim and Mayor Michael Bloomberg will be speaking. You will be attending this high-level discussion along with about 14 other Finance Ministers. While the meeting may look routine, it is actually one of the most important you will attend this week. You will be discussing how the Finance Ministry can save more lives than the Minister of Health—by raising tobacco taxes in a way that best discourages smoking.
In Congress, support for aid is often bipartisan, and the seriousness and quality of thinking about aid reform is often very high. Case in point on both fronts is new legislation introduced by US Senators Bob Corker (R-Tenn.) and Chris Coons (D-Del.) that would create the architecture and principles for a policy review and assessment of US contributions to multilateral institutions.
When a new refugee flow emerges, there is a short window of a few months for stopping the violence and enabling people to return home. It that window is missed, a new refugee population will likely remain displaced for decades. That’s where the US comes in—a large and coordinated push on the Burmese government can help stop the violence, allow Rohingya refugees to return, and recognize their rights.