The EU faces a substantial drop in its development resources following Brexit. Still, the amount will depend on how “hard” that exit is, and the UK’s ongoing involvement in voluntary EU-level arrangements. Here we assess the potential size of the Overseas Development Assistance (ODA) funding drop that EU institutions could face.
CGD Policy Blogs
If the UK leaves the EU customs union, it will need new trade policies for poor countries as well as with major trading partners. This post kicks off a discussion of what that policy should look like by assessing which country currently has the best trade-for-development policy in the World.
Whatever you think about Brexit, it doesn’t make sense to secure Britain’s economic future by adding red tape. Theresa May’s government wants to tamp down net migration. That’s has opened space for some new self-defeating proposals.
As President Obama convenes an important global summit on refugees, and world leaders at the UN General Assembly address the burgeoning issue of migration and forced displacement, we’ve taken a closer look at how the richest countries in the world support development and the alleviation of poverty through their migration policies. Migration is one of the seven components of our Commitment to Development Index, an annual exercise to marshall millions of data points to track how rich country policies affect the world’s poorest people and places, across seven different policy areas.
Would you believe us if we told you approximately half of those granted asylum in the EU qualified for other reasons from the formal 1951 Geneva Refugee Convention definition of a “well-founded fear of persecution”? It turns out to be true. The details of refugee status determination are little noticed, but it turns out that international protection can also be granted through “subsidiary” and “humanitarian” designations.
While the United Kingdom (UK) is working out its relationship status with Europe, it will also have to resolve its trade relations with the rest of the world. The UK will need to establish the foundation on which new trade relationships will be built—that means bringing its membership in the World Trade Organization (WTO) up to date.
Challenging global economic conditions, including a combination of low growth, a limited number of jobs, and rising inequality, are fueling the rise of nationalism and populism that are a threat to global cooperation, IMF Managing Director Christine Lagarde said in a speech at CGD.
In the short run, the uncertainty about future national policy may discourage private investment in renewable energy and other low carbon technologies. At the same time, the freedom to forge its own climate policy and to step out ahead of the EU may open opportunities for more ambitious action and creative intellectual leadership in UK support to developing countries.
It’s been three weeks since the UK voted to leave the European Union in the move popularly known as Brexit, and the consequences are still becoming apparent. Senior fellow and director of CGD Europe Owen Barder joins the podcast from London this week to take a balanced look at possibilities for the UK’s future, and consider implications for the country and the developing world.
The British public’s shock decision to leave the European Union (EU) has wide-ranging implications, including for remittance flows. In this blog, we explore the plausible consequences of Brexit for those who depend on remittances from the UK.