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CGD Policy Blogs

 

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Turning the UK from a Development Superpower to a Development Minnow in Six Easy Steps

There are a plausible set of circumstances under which the UK’s status as a serious bilateral donor would be under existential threat. They would take the Foreign, Commonwealth & Development Office (FCDO) from having slightly more than £8 billion in 2019 over which it has full flexibility to spend bilaterally on its priorities in the most effective manner it can, to having just about £2 billion next year. This would amount to a complete gutting of the UK’s status as a major bilateral development presence, essentially depriving its new Secretary of State of one its most potent weapons almost immediately after she assumes the brief.

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Economics & Marginalia: September 10, 2021

There was some good this week, too, though – most notably the ten-year anniversary of Michael Clemens’s seminal Journal of Economic Perspectives paper, Economics and Emigration: Trillion-Dollar Bills on the Sidewalk? The anniversary prompted Michael to discuss the struggles he had in getting it published, generating a quite extraordinary response from the many, many economists who owe the very shape of their worldview to it.