This week, I’m joined on the Global Prosperity Wonkcast by Kimberly Ann Elliott, a senior fellow here at the Center for Global Development. Kim’s research focuses on ways in which rich country trade policy affects the developing world.
CGD Policy Blogs
Congratulations to Sweden for ranking first in CGD’s 2009 Commitment to Development Index (CDI) for the first time since the creation of the Index in 2003. The United States, meanwhile, manages only a meager 17th place among the 22 wealthy countries ranked.
It's Not All Downhill from Here: The Uphill Flow of Skill-Intensive Goods and FDI from Developing Countries
We tend to think of globalization in the following way: the rich world exports financial capital, technology, sophisticated goods, and entrepreneurial and managerial skills in the form of foreign direct investment (FDI) to developing countries; the latter, in turn, export people, resources, and low-skilled goods to the rich world.
Every developed country was once a developing country; every rich country was once poor. In other words, we can relate to the experience of today’s poor countries because we’ve been there, done that. The better we understand what Americans needed back then, the better we will understand what citizens of today’s poor countries need from us now.
U2 Front Man Bono and US Treasury Front Man Paul O’Neill may have had a few differences during their Africa tour, but they clearly agree that Africa needs increased market opportunities.
AGOA took effect January 2001 to allow qualifying sub-Saharan African countries to export qualifying goods duty free to the US. The act was expressly designed to "increase trade and investment between the USA and SSA." The evidence over the short time since it was enacted reveals that: