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.
Latin America faces old and new development challenges. While, over the last two decades, some countries have implemented solid macroeconomic policies and many have improved their financial regulatory and supervisory frameworks, large segments of the population have not reaped the benefits from economic growth. The COVID-19 crisis has only made things worse—poverty reduction is expected to suffer a setback of more than 10 years and inequality continues to rise.
Structural problems, including very low productivity, the substantial size of the informal economy and the lowest savings rate in the emerging world, remain unsolved. Novel issues, like the migration from Venezuela, or the health and economic challenges that COVID-19 brings about add further pressure to weak social and political consensus—and the looming risk of a financial crisis persists.
CGD’s Latin America Initiative provides sound analysis on these issues and advances recommendations to policymakers and multilateral organizations to support the effort of overcoming these challenges to climb the development ladder and reach shared prosperity.
América Latina afronta, al mismo tiempo, nuevos y viejos desafíos en materia de desarrollo. Aunque, en las últimas dos décadas, algunos países han implementado políticas macroeconómicas sólidas y han mejorado sus marcos regulatorios y de supervisión, amplios segmentos de la población no se han beneficiado del crecimiento económico. La crisis de la COVID-19 solo ha empeorado las cosas: se espera un retroceso de más de 10 años en materia de reducción de la pobreza y la desigualdad continúa aumentando.
Problemas estructurales, como la muy baja productividad, el gran tamaño de la economía informal y los niveles de ahorro más bajos en el mundo emergente, continúan sin resolverse. Nuevos temas, como la migración venezolana o los desafíos sanitarios y económicos generados por la COVID-19, ejercen aun mayor presión sobre un débil consenso social y político. Además, continúa existiendo la amenaza de una crisis financiera.
La Iniciativa Latinoamericana de CGD busca analizar estos temas y proponer recomendaciones que apoyen los esfuerzos de los formuladores de políticas y los organismos multilaterales para avanzar en el proceso de desarrollo de la región y lograr una prosperidad compartida.
We study a natural experiment that excluded almost half a million Mexican ‘bracero’ seasonal agricultural workers from the United States, with the stated goal of raising wages and employment for domestic farm workers. We reject the wage effect of bracero exclusion required by the model in the absence of induced technical change, and fail to reject the hypothesis that exclusion had no effect on US agricultural wages or employment. Important mechanisms for this result include both adoption of less labor-intensive technologies and shifts in crop mix.
Using standard fiscal incidence analysis and the new methodological developments by the Commitment to Equity (CEQ) Institute, this paper estimates the impact of fiscal policy on inequality and poverty in sixteen countries in Latin America around 2010.
Boquillas del Carmen is a tiny village just over the Rio Grande from Big Bend National Park in Texas that experienced a tremendous decline when US authorities closed the border in 2002. For decades, the town’s economy depended on tourists crossing over to enjoy spectacular views of the Chisos Mountains while eating homemade enchiladas at the one or two restaurants in town. Then, some months after the attacks of September 11, 2001, the US government shut down all unofficial, unmanned border crossings with Mexico, including the one at Boquillas. Suddenly there were no more tourists.
Since mid-2016, a new wave of political developments in advanced countries has been shaking Latin America. This latest assessment of the Latin American Committee on Financial Issues (CLAAF) examines how the anti-globalist movement sweeping the West will affect macroeconomic trends in Latin America.
We estimate the economic effects of short-term work by a small sample of farmers from Haiti in the United States, where no US workers are available. We then compare these to the effects of more traditional assistance. We find that these work opportunities benefit Haitian families much more directly, and to a dramatically greater extent, than more traditional forms of assistance—raising workers’ current earnings on average by multiple of 15.
In Haiti, already the poorest country in the western hemisphere, Hurricane Matthew’s devastation is still being calculated. We know that hundreds of people have died, and the damage to Haiti’s already-fragile infrastructure is immense. So what can people in rich countries do to help? Based on the latest research on humanitarian disaster relief and on the lessons learned in the wake of the 2010 earthquake in Haiti, here are some do’s and some don’ts for policymakers and individuals.
Agricultural market liberalization is the linchpin for a successful conclusion to the Doha Round of World Trade Organization (WTO) negotiations because these are the most protected markets remaining in most rich countries. But the implications for developing countries, especially the poorest, are more complex than the current debate suggests. In her new book, Delivering on Doha: Farm Trade and the Poor, Kimberly Ann Elliott, a joint senior fellow at CGD and the Peterson Institute for International Economics, examines the structure of agricultural support in rich countries and the challenges and opportunities for reviving and completing the Doha Round of trade negotiations.
The results of Sunday’s runoff election in Brazil open a new chapter in the country’s fight against deforestation. Dilma Rousseff will have to overcome skepticism that she’s the right woman for the job, in light of perceptions that she privileged development at the expense of conservation during her first term as president.
Two recent books reveal an internal debate about the value of childcare and women's work at the Inter-American Development Bank. Impact evaluations show home visitation programs are cheaper and better for kids than center-based childcare. But a new volume argues the cost-benefit calculation may change once impacts on women, and not just children, are added to the equation.