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Development and the New Politics – Nancy Birdsall’s Final Podcast as CGD President

“We are going to have global markets still operating,” says Nancy Birdsall confidently, but “the big issue is, will we have a good global politics operating?" And that is indeed the question, as turbulent 2016 draws to a close and 2017 rolls into view. It’s one that will continue to occupy Birdsall, who is stepping down at the end of December as CGD’s first and only president, but will stay on as a senior fellow.  No doubt she will join me on the CGD Podcast in the future, but the somewhat symbolic occasion of her last podcast as CGD president offers a chance to reflect on what’s changed, and what she hopes development folks will think about over the coming years.

3 Memos to the Next US President – Podcast with Nancy Birdsall

CGD founding president Nancy Birdsall has seen a few US presidents come and go in her long career as a leading development economist, but her message to all occupants of the White House has remained fairly steady: Enact smart policies that help developing countries build stable, prosperous economies of their own—and that will help people at home too. This week she joins the CGD Podcast to talk about some of those ideas, and why development should be a priority for the next US president.

Finding Up-to-Date Median Income Data Just Got Much Easier (Thanks, PovcalNet!)

We have long advocated for more widespread use of median income or median consumption to compare individuals’ material well-being between countries and its development over time, and we are happy to report that the World Bank team that manages the (impressive) PovcalNet database has come through: as of October 1, the median monthly per capita income or consumption for each country is now part of the standard indicators displayed for any country query on PovcalNet.

Four Comments and a Suggestion for the World Bank Board

Last week the World Bank Board closed the three-week window, announced in late August, for member countries to nominate candidates for the presidency of the World Bank. Jim Kim, the US nominee and incumbent since his election in 2012, was formally nominated by the United States at 12:01 a.m. at the opening bell, so to speak. He is the sole candidate in what appears to have been a kind of insider coup by the United States (called a “charade” in a World Bank Staff Association letter to its members) of the procedures agreed by World Bank members in 2011.

CGD’s New President: A Message From Lawrence Summers

As Chair of the Board of the Center for Global Development, I am delighted to announce that, following a competitive international search, Masood Ahmed is to become the Center’s next president. He will succeed Nancy Birdsall who has been an outstanding founding president during CGD’s first fifteen years. 

How Should Countries Distribute the “Burden” of Accepting Refugees Fleeing the Syrian Conflict?

The evidence is compelling that countries benefit from immigration, particularly if immigrants are already well-educated, working-age adults, as is the case with most of the Syrians fleeing war at home. Still, there are real economic, security, and political costs of hosting refugees when, as with the Syrians, the arrivals are sudden and substantial. Given those costs, how should we think about the obligations of potential host countries? 

CGD and IMF Join Forces to Discuss Financial Inclusion

Does broadening financial access to large segments of the population pose risks to financial stability? Not necessarily, according to recent remarks by IMF managing director Christine Lagarde. Increasing access to basic financial transactions such as payments does not threaten financial stability, especially when appropriate supervisory and regulatory frameworks are in place. In fact, with the right regulatory supervision, increased access to financial services can result in both micro and macro benefits. Recognizing the macroeconomic and regulatory dimensions of financial inclusion, CGD and the IMF joined forces for a seminar to kick off the IMF Spring Meetings 2016.

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