With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
The effects of climate change are already being seen throughout the world, and a fundamental change in the world’s economy will be needed if the planet is to survive. Developing countries will be among those most affected by climate change; yet they are also the least powerful in mitigating climate change. As the world recovers from the COVID-19 pandemic and simultaneously adjusts to a new climate reality, CGD will explore the role will climate financing can have in assisting developing countries adapt to whatever economic order may emerge. How can development partners and international financial institutions best aid developing countries confronting the challenges of climate change? How can the COVID-19 recovery support the changes needed for long-term resilience and sustainability?
Climate negotiations have focused on reaching a top-down international agreement and on mobilizing a pool of financial resources. This brief explains the urgent need for a new entity to provide nonfinancial services to faciliate and augment climate action that any nations and private actors take. It explores one possible path for filling the gap: the creation of a new arm of the World Bank.
Paul Romer, the renowned growth economist, believes that the world can create dozens, perhaps hundreds, of new high-density "charter cities" to encourage faster growth that is greener too. Each charter city could be a place where millions of poor families could become residents, live, and work under better rules and lift themselves out of poverty. In this Q&A he explains the outlines of the idea.