Recent Research
Former Senior Fellow
Foreign aid, debt, economic growth, financial crises, macroeconomics, and trade between rich and poor countries.
Steve Radelet was a senior fellow at the Center for Global Development from 2002 to 2010, where he worked on issues related to foreign aid, developing-country debt, economic growth, and trade between rich and poor countries. He is author of Emerging Africa: How 17 Countries Are Leading the Way, a book that examines the positive growth in economic, political, and social policies taking place across Africa. Other notable publications include the working paper Counting Chickens When They Hatch: The Short-Term Effect of Aid Growth and the book Challenging Foreign Aid: A Policymaker’s Guide to the Millennium Challenge Account. Radelet also served as an economic advisor to the Government of Liberia in its debt-reduction efforts and was a founding co-chair of the Modernizing Foreign Assistance Network (MFAN).
Before his tenure at CGD, Steve was deputy assistant secretary of the U.S. Treasury for Africa, the Middle East, and Asia from 2000 to 2002. He left CGD to become chief economist for the U.S. Agency for International Development.
New
Popular
Working Papers Books Other CGD Pubs Events Selected Works
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In this two-minute clip from 2006, Steve Radelet, former CGD senior fellow, explains how CGD has contributed to the Millennium Challenge Account (MCA)—a U.S. aid program focusing on effectiveness, economic growth, and poverty alleviation. Ken Hackett, a Millennium Challenge Corporation...
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Since 1995, 17 African countries have defied expectations and have launched a remarkable, if little-noticed, turnaround. Emerging Africa describes this revitalization and why it is likely to continue.
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In this essay Steven Radelet explains how since the mid 1990s seventeen Sub-Saharan African states have transcended the conflict and dictatorships of decades past to establish themselves as burgeoning world states. Approaching the discussion by delineating between cultural differences across the...
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In 2008, the United States finished 17th in the Index. Did it do any better in 2009? How did the other wealthy countries fare? To find out, and to understand the data behind the rankings, watch the Webinar that took place on Oct. 20. The Webinar includes an overview of the Index and the 2009...
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Senior fellow Steve Radelet testifies before the House Foreign Affairs Subcommittee on Africa and Global Health about the challenges and opportunities to reform U.S. foreign assistance to Africa.
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Senior fellow Steve Radelet testifies before the Senate Foreign Relations Subcommittee on International Development, Foreign Assistance, Economic Affairs, and International Environmental Protection.
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Director of the Center for Public Leadership at the John F. Kennedy School of Government at Harvard University, editor-at-large at U.S. News & World Report, and a senior political analyst for CNN, David Gergen joined CGD president Nancy Birdsall, and CGD senior fellows who authored essays in our...
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The Millennium Challenge Corp. (MCC) has received wide praise for its innovative approaches to aid allocation and delivery but has not yet reached its full potential. Now, with the transition to a new administration, the MCC must take bold steps to achieve greater effectiveness, clarity of purpose,...
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We will examine trends in economic growth and other development indicators around the world since 1965, with some reference to broad patterns since 1820.
We will briefly review the concepts underlying the standard Solow model of economic growth and other measures of development.
We will explore...
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In this video from the December 9, 2008, event with USAID administrator Henrietta Fore, CGD senior fellow Steve Radelet talks with her about the past year she spent in office and her recommendations for the next administrator of USAID.
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Since 1995, 17 African countries have defied expectations and have launched a remarkable, if little-noticed, turnaround. Emerging Africa describes this revitalization and why it is likely to continue.
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Director of the Center for Public Leadership at the John F. Kennedy School of Government at Harvard University, editor-at-large at U.S. News & World Report, and a senior political analyst for CNN, David Gergen joined CGD president Nancy Birdsall, and CGD senior fellows who authored essays in our...
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In this essay Steven Radelet explains how since the mid 1990s seventeen Sub-Saharan African states have transcended the conflict and dictatorships of decades past to establish themselves as burgeoning world states. Approaching the discussion by delineating between cultural differences across the...
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Recent research offers differing assessments of the overall, worldwide effect of foreign aid on economic growth in the countries that receive aid. To understand these differences, we re-analyze the same data and same regressions used in the three most influential aid-growth studies. In all three,...
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Critics allege that the World Bank is deeply flawed. Yet the world needs a strong World Bank to help manage development and the related global challenges of the 21st century. Do the Bank's shortcomings put its future at risk? If so, can the Bank be rescued? Rescuing the World Bank, a new book that...
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Controversies about aid effectiveness go back decades. This new working paper by CGD senior fellow Steven Radelet provides an introduction and overview of the basic concepts, data and key debates about foreign aid. It explores the range of views on the relationship between foreign aid and economic...
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The White House and the World: A Global Development Agenda for the Next U.S. President shows how modest changes in U.S. policies could greatly improve the lives of poor people in developing countries, thus fostering greater stability, security, and prosperity globally and at home. Center for Global...
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New Day, New Way: U.S. Foreign Assistance for the 21st Century calls on the next American president, Congress, policymakers and the American people to overhaul how the U.S. helps poor people in developing countries. Among the recommended steps: a new national foreign assistance strategy and a new...
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In this study, Steven Radelet examines the MCA's potential promise and possible pitfalls. He offers a rigorous analysis of the MCA’s central challenge: making foreign aid more effective in supporting economic growth and poverty reduction in the poor countries. He systematically explores what...
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This report was prepared by a Working Group convened by the Center for Global Development to identify key priorities the Paul Wolfowitz at the start of his tenure at the World Bank on June 1, 2005. It argues that Wolfowitz's biggest challenge will not be managing the Bank, with its 10,000 staff,...
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Reviving Economic Growth in Liberia - Working Paper 133
- Nov 26, 2007
In this new CGD working paper, CGD senior fellow Steve Radelet explores the challenges Liberia faces in revitalizing economic growth after 25 years of gross economic mismanagement and 14 years of brutal civil war. He examines the new government's progress, including the major steps it has taken in...
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A Primer on Foreign Aid - Working Paper 92
- Jul 24, 2006
Controversies about aid effectiveness go back decades. This new working paper by CGD senior fellow Steven Radelet provides an introduction and overview of the basic concepts, data and key debates about foreign aid. It explores the range of views on the relationship between foreign aid and economic...
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The Role of the IMF in Well-Performing Low-Income Countries - Working Paper 83
- Feb 21, 2006
CGD senior fellow Steven Radelet discusses how the IMF can be helpful to low-income countries that have maintained macroeconomic stability for several years and no longer require IMF financing. He suggests that the Fund move toward greater use of non-funded programs and play a less dominant role in...
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Emerging Africa: How 17 Countries Are Leading the Way
- Sep 16, 2010
Since 1995, 17 African countries have defied expectations and have launched a remarkable, if little-noticed, turnaround. Emerging Africa describes this revitalization and why it is likely to continue.
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Rescuing the World Bank
- Sep 5, 2006
Critics allege that the World Bank is deeply flawed. Yet the world needs a strong World Bank to help manage development and the related global challenges of the 21st century. Do the Bank's shortcomings put its future at risk? If so, can the Bank be rescued? Rescuing the World Bank, a new book that...
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The Other War: Global Poverty and the Millennium Challenge Account
- Jun 1, 2003
This book tackles head on the tension between foreign policy and development goals that chronically afflicts U.S. foreign assistance; the danger of being dismissed as one more instance of the United States going it alone instead of buttressing international cooperation; and the risk of exacerbating...
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Emerging Africa: How 17 Countries Are Leading the Way (brief)
- Sep 9, 2010
In this essay Steven Radelet explains how since the mid 1990s seventeen Sub-Saharan African states have transcended the conflict and dictatorships of decades past to establish themselves as burgeoning world states. Approaching the discussion by delineating between cultural differences across the...
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From Innovation to Impact: Next Steps for the Millennium Challenge Corporation
- Jan 16, 2009
The Millennium Challenge Corp. (MCC) has received wide praise for its innovative approaches to aid allocation and delivery but has not yet reached its full potential. Now, with the transition to a new administration, the MCC must take bold steps to achieve greater effectiveness, clarity of purpose,...
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What's Behind the Recent Declines in U.S. Foreign Assistance?
- Dec 8, 2008
Total U.S. development assistance has fallen 22 percent since 2005 from $27.9 billion to $21.8 billion in 2007. In real terms, this was the smallest amount since 2002, excluding assistance to Iraq, Afghanistan, and HIV/AIDS programs. Senior fellow Steve Radelet and his coauthors examine the...
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MCA Monitor El Salvador Report from the Field
- Sep 3, 2008
This ninth MCA Monitor Report from the Field is a snapshot-in-time of El Salvador’s program in the early phases of its implementation, during a year in which the Millennium Challenge Corporation (MCC) is under pressure to increase and accelerate disbursements, demonstrate tangible impacts, and...
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New Day, New Way: U.S. Foreign Assistance for the 21st Century
- Jun 10, 2008
New Day, New Way: U.S. Foreign Assistance for the 21st Century calls on the next American president, Congress, policymakers and the American people to overhaul how the U.S. helps poor people in developing countries. Among the recommended steps: a new national foreign assistance strategy and a new...
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U.S. Assistance to Africa and the World: What Do the Numbers Say?
- Feb 19, 2008
With President Bush's trip to Africa making headlines this week, CGD senior fellow Steve Radelet and research assistant Sami Bazzi offer a close look at the latest U.S. foreign assistance numbers. Bottom line: although America's aid has more than doubled since 2000, the new money went mostly to...
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Foreign Assistance Reforms: Successes, Failures, and Next Steps - Testimony for the Senate Foreign Relations Subcommittee on International Development, Foreign Assistance, Economic Affairs, and International Environmental Protection
- Jun 13, 2007
On Tuesday, June 12, 2007, Steve Radelet testified before the Senate Foreign Relations Subcommittee on International Development, Foreign Assistance, Economic Affairs, and International Environmental Protection on "Foreign Aid Reform: Successes, Failures, and Next Steps."
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Lessons from Seven Countries: Reflections on the Millennium Challenge Account
- May 17, 2007
Since its inception in 2004 the Millennium Challenge Corporation (MCC) has been an experiment in improving the effectiveness of U.S. foreign aid in a small set of poor but well-governed countries. This new MCA Monitor Analysis brief based on visits to seven Millennium Challenge Account (MCA)...
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Liberia's External Debt: Moving Towards Comprehensive Debt Relief
- Apr 16, 2007
In this essay, CGD senior fellow Steve Radelet describes Liberia's debt situation and the key issues in moving forward on debt relief with the IMF, World Bank, African Development Bank and bilateral creditors. He explains why it is important for Liberia's recovery that the international community...
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Rescuing the World Bank
- Sep 5, 2006
Critics allege that the World Bank is deeply flawed. Yet the world needs a strong World Bank to help manage development and the related global challenges of the 21st century. Do the Bank's shortcomings put its future at risk? If so, can the Bank be rescued? Rescuing the World Bank, a new book that...
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A Primer on Foreign Aid - Working Paper 92
- Jul 24, 2006
Controversies about aid effectiveness go back decades. This new working paper by CGD senior fellow Steven Radelet provides an introduction and overview of the basic concepts, data and key debates about foreign aid. It explores the range of views on the relationship between foreign aid and economic...
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Round Three of the MCA: Which Countries Are Most Likely to Qualify in FY 2006?
- Oct 17, 2005
This MCA Monitor analysis draws on newly released data to explore which countries are most likely to be selected for FY 2006 funding from the Millennium Challenge Account. The authors predict that Burkina Faso, East Timor, and Tanzania are likely candidates from the low-income group, and that India...
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U.S. Pledges of Aid to Africa: Let's Do the Numbers
- Jul 19, 2005
Before the G-8 Summit, President Bush said that U.S. aid to Africa had tripled since he took office and would double again by 2010. CGD’s Steve Radelet and Bilal Siddiqi find that total U.S. aid to the region has doubled, but not tripled, since 2000, continuing an upward trend that began in 1996....
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Challenges for the new leader of the Millennium Challenge Corporation
- Jun 17, 2005
In this MCA Monitor Analysis Steve Radelet and Mvemba Dizolele address the challenges the new leader of the Millennium Challenge Corporation will face when Paul Applegarth leaves office, including scaling up activities to provide countries with a strong commitment to development with substantial...
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2004 MCA Threshold Program: A Comment on Country Selection
- Oct 27, 2004
In September, the Millennium Challenge Corporation named seven countries as eligible for the MCA Threshold Program: Albania, East Timor, Kenya, Sao Tome e Principe, Tanzania, Uganda and Yemen. This paper reviews the selection process and the countries selected, and offers recommendations for...
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A Note on the MCC Selection Process for 2005
- Sep 23, 2004
On August 31, 2004, the Millennium Challenge Corporation (MCC) announced some modest changes in the process it will use to select countries for MCC eligibility in FY 2005. This note appraises those changes, focusing on the "school completion rate" and "inflation" indicators.
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A Comment on the Millennium Challenge Account Selection Process
- Mar 9, 2004
This note examines how countries are selected to receive funding under the Millennium Challenge Account. The authors argue that while the Millennium Challenge Corporation’s proposed selection process is a reasonable starting point, there are several simple steps that could be taken to improve the...
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The Other War: Global Poverty and the Millennium Challenge Account
- Jun 1, 2003
This book tackles head on the tension between foreign policy and development goals that chronically afflicts U.S. foreign assistance; the danger of being dismissed as one more instance of the United States going it alone instead of buttressing international cooperation; and the risk of exacerbating...
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The Millennium Challenge Account: Soft Power or Collateral Damage?
- Apr 1, 2003
In March 2002 President Bush proposed establishing the "Millennium Challenge Account"(MCA), a new foreign aid program designed to provide substantial assistance to low-income countries that are "ruling justly, investing in their people, and encouraging economic freedom." The MCA could bring about...
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Initial Reactions to the Announcement on the MCA
- Dec 18, 2002
In this analysis, Steve Radelet reviews the Millennium Challenge Account’s (MCA) foundational tenets of country selection, ownership and organization. He also identifies some concerns, particularly the proposal to include lower-middle income countries at a later date; the statistical...
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Qualifying for the Millennium Challenge Account
- Dec 13, 2002
This paper examines the Bush administration's proposed methodology for how countries qualify for the funding from the Millennium Challenge Account in detail, exploring the judgments required and examining some alternative methods.
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Emerging Africa: How 17 Countries Are Leading the Way
- Sep 16, 2010
There's good news out of Africa. Seventeen emerging countries are putting behind them the conflict, stagnation, and dictatorships of the past. Since the mid-1990s, these countries have achieved steady economic growth, deepened democracy, improved governance, and decreased poverty. Former CGD senior...
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Congressional Hearing: U.S. Assistance to Africa
- Apr 23, 2009
DATE: Thursday, April 23, 2009
TIME: 11:30 a.m.
SUBJECT: U.S. Assistance to Africa: A Call for Foreign Aid Reform
WITNESSES:
Panel I
Mr. Earl Gast
Senior Deputy Assistant Administrator
Bureau for Africa
United States Agency for International Development
Panel II
Ousmane...
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Congressional Hearing: USAID in the 21st Century
- Apr 1, 2009
USAID IN THE 21ST CENTURY HEARING before the COMMITTEE ON FOREIGN RELATIONS UNITED STATES SENATE ONE HUNDRED ELEVENTH CONGRESS FIRST SESSION
Wednesday, April 1, 2009
Time: 9:30 A.M.
Place: 419 Dirksen Senate Building
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The 2008 Commitment to Development Ideas in Action Award
- Mar 17, 2009
Please join us in honoring ONE, the 2008 winner of the Commitment to Development Ideas in Action Award, sponsored jointly by the Center for Global Development (CGD) and Foreign Policy magazine. ONE is an advocacy organization that raised awareness about global poverty during the 2008 U.S....
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CGD Special Discussion with David Gergen on Obama's Global Development Policy
- Jan 16, 2009
Join Nancy Birdsall, David Gergen, and CGD senior fellows who are authors of essays in our newest book, The White House and the World: A Global Development Agenda for the Next U.S. President , for a lively discussion of the prospects for improved U.S. development policy under President Barack...
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A Conversation with Ambassador John Danilovich: Transition and the MCC
- Jan 13, 2009
Join us for a conversation with Millennium Challenge Corporation (MCC) CEO John Danilovich as he prepares to pass stewardship over the MCC to a new Administration. In his introductory remarks and subsequent dialogue with CGD Senior Fellow Steve Radelet, Ambassador Danilovich will reflect upon his...
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Economic Development and State Building
- Jan 8, 2009
The multifaceted nature of current and emerging global security challenges requires a judicious and balanced use of development, diplomacy and defense--the 3Ds. United States' leadership in ensuring the success of global efforts to address poverty, protect the environment and safeguard human rights...
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A Conversation with Henrietta Fore
- Dec 9, 2008
Join us for an intimate conversation with Director of U.S. Foreign
Assistance and USAID Administrator Henrietta Fore as she prepares to
pass her torch of elevating development and modernizing foreign
assistance to a new Administration. In a dialogue moderated by CGD
Senior Fellow Steve...
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New Day, New Way: U.S. Foreign Assistance for the 21st Century
- Jun 10, 2008
U.S. engagement with the world has been affected by new foreign policy, national security, and economic challenges. These global challenges have stretched the bounds of both civilian and military involvement in development. The current system of foreign assistance has proven to be inflexible and...
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Liberia on the Move: Economic Growth, Debt Relief, and Poverty Reduction
- Apr 11, 2008
The inauguration of the administration of Ellen Johnson Sirleaf in January 2006 marked an end to twenty-five years of misrule and civil conflict which had left the country in ruins. The Sirleaf administration has set the country on a new course, placing transparency, accountability, good...
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Which Countries Will the Millennium Challenge Corporation Choose in 2008?
- Nov 29, 2007
On December 12th, the U.S. Millennium Challenge Corporation (MCC) will announce which countries will be eligible to apply for funding in 2008. With funding tight, new countries passing the eligibility indicators test, nine of sixteen countries with signed MCC compacts failing the indicators test,...
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