Ideas to Action:

Independent research for global prosperity

CGD Policy Blogs

 

Is the Idea of Counting Dollars of Illicit Financial Flows Undermining Action Where It Counts?

The Sustainable Development Goals (SDGs) include a target to “significantly reduce illicit financial flows (IFFs).” While there is no global consensus about what this means, working definitions point to funds that are “illegally earned, transferred, and/or utilized.” The term is thus generally seen as an umbrella for a wide variety of “dirty money” including funds associated with drug, arms, and human trafficking; wildlife and natural resource crime; state capture and illicit enrichment; the financing of terrorism; and the evasion of taxes and tariffs.

Refugees Are a Boon Not a Burden: Here’s How to Get the Best Results for Everyone

We need to stop talking about refugees as if they are burden to be shared. Refugees benefit both economy and the community—and if we invested more and better in giving them a good start, they would be able to make an even bigger contribution. Here we suggest innovative finance mechanisms to pay for that investment without putting pressure on public finances, instead enabling refugees to develop and apply their skills, integrate effectively, and improve their overall contribution.
 

Looking Forward: Development in 2018 – CGD Podcast

What's going to happen in the world of development in 2018? Will we finally understand how to deal equitably with refugees and migrants? Or how technological progress can work for developing countries? Or what the impact of year two of the Trump Administration will be? Today’s podcast, our final episode of 2017, raises these questions and many more as a multitude of CGD scholars share their insights and hopes for the year ahead. 

Questioning the Role of Bitcoin for Financial Inclusion

As the price of bitcoin continues its dizzying rise—the currency briefly surpassed $19,000 yesterday—the already passionate debate about its role in the global economy has become even more heated. Over the last two months, prominent economists and financiers, including Citi CEO Jamie Dimon, former IMF Chief Economist Kenneth Rogoff, and former Chair of the US Federal Reserve Ben Bernanke have all voiced skepticism about the currency, triggering a loud response from the crypto community.