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Up until early 2020, global poverty had been decreasing, but that progress is now at risk. Bllions of people still do not have the resources they need to survive and thrive. Economic growth can reduce poverty, but it can also drive inequality that generates social and economic problems. And efforts at domestic resource mobilization through taxation, though critical to funding the Sustainable Development Goals, can negatively impact the poor.
In this work, CGD experts offer suggestions to improve how changes in development financing in such a way that they tackle poverty and inequality.
For the first time in its seven-decade-long history, World Bank staff staged a work stoppage earlier this month. Staff are unhappy about the “Change Process,” aka the ongoing internal reorganization that President Kim initiated on his arrival at the bank now more than two years ago.
Amid debate about whether adolescent pregnancy is a problem in and of itself or merely symptomatic of deeper, ingrained disadvantage, this paper aggregates recent quantitative evidence on the socioeconomic consequences of and methods to reduce of teenage pregnancy in the developing world.
In development economics, statistical analysis usually begins with data from many observational units--households, companies, or countries--over just a few time periods. Two analysis techniques are becoming popular for studying causal relationships among variables in this "short panel" setting but their implementation may produce false results. In this new working paper CGD research fellow David Roodman shows how inaccurate results can skew the development debate and offers some simple techniques for reducing the risks.