You might remember the UNCTAD report on trade misinvoicing published last year which alleged that the majority of gold exports leave South Africa unreported. If not, you will more than likely have heard the billion dollar estimates of illicit financial flows as a source of resources for financing the SDGs. It is increasingly clear that these calculations, based on gaps and mismatches in trade are not reliable.
CGD Policy Blogs
This is a joint post with Owen Barder.
International tax has continued to rise up the political agenda, and the crucial UK-hosted G-8 meeting is now approaching. We’ve updated our draft declaration that we would like to see from that summit, to reflect discussions that have taken place since then, and many valuable comments from a wide range of contributors.
The latest Global Corruption Report from Transparency International (TI), launched May 5 in Dhaka, Bangladesh, tackles corruption and climate change. The message is stark: without better governance, transferring funds to developing countries to combat climate change could go awry. This would mean even less progress cutting the emissions of planet-heating gases, a squandering of scarce climate funds, and an intensified risk of dangerous, runaway climate change.
We at CGD warmly welcome president-elect Barack Obama's appointments of Timothy Geithner as Secretary of Treasury and Lawrence Summers to head the National Economic Council. Both are members of the CGD Board of Directors. This is no coincidence.
Everyone says August in Washington, D.C. is quiet. That is of course, unless you are planning to attend the presidential conventions and from what I can tell, just about everyone is sending someone to the conventions. And this time around, CGD is going to both of them.
Be Careful What You Wish for: Fighting Corruption Is Good, But Not If It Means Stopping Development Assistance
Senators Lugar and Bayh are again on the anticorruption warpath. Yesterday they issued a press release calling for "a Government Accounting Office (GAO) probe of the World Bank's anticorruption efforts." They want to make sure that the U.S.'s $950 million contribution to the International Development Association is not being "misspent and enriching corrupt foreign regimes." Certainly sounds reasonable, but is this really the right focus for a review of World Bank operations?
McNealy arrived late, delayed by a meeting at the Pentagon. You could tell he was tired. He’d flown to DC from California with a stopover in Dallas where he stayed up late watching hockey as his beloved San Jose Sharks fell to the Stars in the 4th overtime. Nonetheless, by the time lunch was finished at 1:30pm we had made good progress answering moderator Lawrence MacDonald’s query – does sharing and openness really matter for development?
Scott McNealy is Chairman of Sun Microsystems a company he co-founded in 1982. He is a fierce competitor in business and in a hockey rink. He can be abrasive and outspoken explaining that "diplomacy has never been my middle name." He is an avowed capitalist and self-proclaimed libertarian. Nonetheless, his bio page says he's a "Champion for Sharing." In fact, Sun, as part of its business strategy shares almost everything. Its Java software platform and Open Office applications suite are open source.
International good citizenship is critical for improving America's security and image in the world, according to Sen. John McCain, the presumed Republican nominee for U.S. president. Citing the growing interdependence of the U.S.