Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Oops: Economists in Confused Search for the Middle Class in the Developing World

This is a joint post with Christian Meyer.

With rapid growth in emerging market economies in the last decade, millions of people have entered the new global middle class. That has created new consumer markets in Latin America, Africa, and Asia – a good example: Dunkin’ Donuts going to India – and sparked considerable interest in the global financial and corporate communities.

Which Studies Should Someone Be Paid to Reexamine?

Probably you agree that actions meant to help poor people should be guided by the best science about what works. (Or perhaps you also have a problem with motherhood and apple pie.) And probably you'd concede that part of what makes science science is replicability. Cold fusion is a scientific joke, not a scientific advance, because the experiments seeming to generate evidence of fusion at room temperature could not be independently reproduced.

EBRD Raises the Bar for International Appointments

On Friday evening, the governors of the European Bank for Reconstruction and Development   (EBRD) selected a new president: British civil servant Sir Suma Chakrabarti. The decision is important because the EBRD has recently taken on a major global challenge: assisting the countries of the Arab Spring.  It also matters because the selection process raised the bar for open, transparent and merit-based leadership selection at other international institutions, including the World Bank, IMF and the other regional development banks.

Obama Updates Development Profile: Ag and Private Sector Now Friends

President Obama announced $3 billion in new private sector investments in agriculture in three African countries at a packed event in Washington, D.C., last Friday. The New Alliance for Food Security and Nutrition is the cornerstone of the United States' 2012 G-8 commitments to development led by USAID and administrator Rajiv Shah. There's a lot to like about the partnership: presidential leadership, a link between public and private investment, and a focus on policy change. But all eyes are on how the relatively modest investments will be implemented and whether they can reach the ambitious poverty reduction targets.

It’s Not an IDA World Anymore

This is a joint post with Christian Meyer.

One of the pressing questions for Jim Kim in the years ahead as the World Bank’s new president is what to do as many countries graduate out of IDA, the bank’s fund for grants and concessional loans to the poorest countries. To generate ideas and possible directions for IDA’s business model, CGD has convened a Future of IDA Working Group. The group’s final report with recommendations is due out in early summer, in time for ample discussion prior to the IDA 16 Mid-Term Review this fall.