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CGD Policy Blogs

 

President Obama’s Economic Strategy for Africa: Aid-Plus but Will It Last?

The United States’ strategy towards Africa has shifted from “how much aid” to how to attract trade and investment, said White House Deputy National Security Advisor Michael Froman in a major speech at the Center for Global Development this week. The standing-room only crowd seemed to welcome the emphasis on aid-plus, or more than aid approaches in Sub-Saharan Africa. CGD President Nancy Birdsall praised the administration’s “excellent vision” around the tough issues of economic growth and equal opportunity.

More Money, More Problems for US Development in Pakistan – Milan Vaishnav and Danny Cutherell

Despite an unprecedented increase in US civilian assistance to Pakistan, more money has led to more problems in achieving long-term development goals in the fractious and fragile state.  My guests on this week’s Wonkcast are Milan Vaishnav and Danny Cutherell, co-authors of a recent report written jointly with CGD president Nancy Birdsall. The new report--More Money, More Problems: A 2012 Assessment of the US Approach to Development in Pakistan--assigns letter grades to US government efforts in ten areas and provides recommendations for more effectiveengagement in Pakistan.

Flailing IMF? Who Is Really to Blame?

Last week our CGD and Peterson Institute colleague Arvind Subramanian called on the IMF to speak truth to power, in an elegant cri de coeur in the Financial Times. The IMF, he notes: “has not provided independent intellectual leadership, most evidently on the eurozone crisis. And it is unprepared to provide stability for the next big global crisis.”

World Bank President Jim Kim on Climate, Global Public Goods

World Bank president Jim Kim delivered a speech and responded to questions today at Brookings in his first public event since taking the helm at the world’s top development organization on July 1.  He struck me as thoughtful, well-informed, articulate and dedicated to multilateralism and the bank’s mission of reducing global poverty. You can see his speech and the Q&A here.

Three Questions about Honduras's New Charter City

This is a joint post with Milan Vaishnav.

One of the biggest experiments in development economics is about to begin on Honduras's Northern Coast. Honduras has altered its constitution to open the way to ceding a large tract of land to build a new "Special Economic Zone", modeled on NYU economist Paul Romer's idea of charter cities -- new cities, built up from scratch, where first-world institutions and third-world immigrants can meet and do business.

IMF Backs “Green Economy” – Is It Good for Developing Countries?

IMF managing director Christine Lagarde announced at a CGD event on Tuesday that the IMF would provide research and analytic support in three areas crucial to sustainable development: carbon pricing, phasing out fossil fuel subsidies and green national accounting, that is, development of new measures of economic progress that take into account environmental costs and benefits not included in Gross Domestic Product (GDP).

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.

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