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CGD's weekly Global Prosperity Wonkcast, event videos, whiteboard talks, slides, and more.

Liquidity Needs in Times of Stress: Should Latin America go Beyond the IMF? (Event Video)

Large accumulation of international reserves by Latin American countries was central in containing the adverse effects of the global financial crisis. Lines of credit from the Federal Reserve and the new liquidity facility from the IMF also played a key role, at least for some major countries. However, reserve accumulation is not free of cost, Fed support is not guaranteed and IMF resources might not be sufficient at times of systemic crises and may carry conditionality that make such assistance only contingent. This raises the question as to whether Latin America should actively pursue the effective implementation of regional arrangements capable of ensuring the availability of liquidity at times of acute financial stress. The Latin America Shadow Financial Regulatory Committee dealt with this issue by answering these questions, among others, and shared their statement publicly at this CGD event:

Corruption and Development -- William Savedoff

This Wonkcast was originally recorded in October, 2012.

Savedoff

Pogo famously said: “We have met the enemy and he is us.” That thought underpins my conversation with CGD senior fellow Bill Savedoff on corruption and development. Bill joined me last week after hosting a roundtable discussion with two anti-corruption experts who have recently published books on the issue, Frank Vogl, author of Waging War on Corruption and Laurence Cockcroft, author of Global Corruption Money, Power, and Ethics in the Modern World. In our conversation, Bill draws on the key ideas in these two books to unpack the various ways of thinking about—and addressing—corruption in development. We also discuss three emerging areas of CGD work on the issue, each of which focuses on the policies and practices of the rich and powerful—in global terms, us.

Liliana Rojas Suarez Discusses Risks to Growth Sustainability in Latin America

Amanda GlassmanIn these interviews Senior Fellow Liliana Rojas-Suarez discusses the risks to growth sustainability in Latin American countries derived from the large vulnerabilities in advanced economies. In particular, she emphasizes risks for emerging markets from the lack of solution to the fiscal cliff problem in the U.S. While Liliana is confident about China's capacity to continue on a solid growth path (albeit at slower rates than those observed in previous years), she believes that the permanent solution to the European debt crisis requires either a comprehensive write-down of the Greek debt or a separation of Greece (and possibly Portugal) from the Eurozone.

ABCs of the CDI and Europe – David Roodman and Owen Barder

Roodman, Barder

This podcast was originally recorded in September, 2012. 

It’s that time of year again. In just a few weeks, CGD will release the 2012 results of its annual Commitment to Development Index (CDI) – a product that measures the extent to which wealthy nations are supporting poorer countries’ development efforts in seven policy areas: aid, trade, investment, migration, environment, security, and technology. In this week’s Wonkcast, I chat with David Roodman, CGD senior fellow and chief architect of the CDI, and Owen Barder, senior fellow and director for Europe, about the ABCs of the CDI and what we are calling a “deep dive” into the CDI for Europe.

Development Drums Episode 35: Migration and Development

In this episode, Owen talks to fellow CGD Senior Fellow Michael Clemens about the relationship between migration and development.

Michael talks about the impact of migration on migrants themselves, and how micro-data has been used to expose a significant inequality of opportunity based on location. He then responds to various criticisms of migration from a receiving country perspective, focusing on the costs and benefits of the economic, communal and cultural effects of migration. At the end of the podcast, Michael discusses the impact of migration from the perspective of the migrants’ countries of origin. 

Achieving an AIDS Transition – Mead Over


My guest this week is Mead Over, one of the world’s leading experts on the global response to the HIV/AIDS pandemic. We discuss his new book, Achieving an Aids Transition: Preventing Infections to Sustain Treatment. The key idea is simple but powerful. Mead argues that, instead of reaching vainly for the unsustainable goal of offering treatment to everyone in the developing world who needs it, donor policy should aim to sustain current treatment levels while reducing the number of new infections below the number of AIDS deaths, so that the total number of people with HIV/AIDS declines.

Program-for-Results: An Update on the World Bank's New Finance Tool (Event Video)

The World Bank's Program-for-Results (PforR) financing instrument was approved in January 2012 to complement the two existing financing instruments of the Bank: the Policy Financing instrument (DPL), which focuses on discrete policy actions within the direct control of governments, and the Project Financing instrument (IL), the Bank's main instrument to finance investment projects. PforR has been developed to enable the Bank to support the performance of a government program using the government's own systems, and when the risks to achieving the program's objectives relate to the capacity of the systems to achieve better results.

The Global Fund and Value for Money – Amanda Glassman

Amanda GlassmanIn this austere budget climate, generating “value for money” (VFM) is a top concern for global health funding agencies and their donors, who want the biggest bang for their buck in terms of lives saved and diseases controlled. To this end, CGD has convened a working group to help shape the VFM agenda for global health funding agencies, with a particular focus on the Global Fund to Fight AIDS, Tuberculosis and Malaria. Leading these efforts is my guest this week, Amanda Glassman, a senior fellow and director of the global health policy program at the Center for Global Development.

Whiteboard Video -- Greenprint: A New Approach to Cooperation on Climate Change

International cooperation on climate change has floundered. With mutual recrimination between rich and poor countries, the zero-sum arithmetic of a shrinking global carbon budget, and shifting economic and bargaining power from old CO2 emitters to new—what Aaditya Mattoo and Arvind Subramanian call the “narrative,” “adding up,” and “new world” problems—the wonder is not the current impasse but belief that progress might be possible at all.

Each of these problems must be addressed in a radically different way. First, the old narrative of recrimination must give way to a narrative based on recognition of common interests. Second, leaders must shift the focus away from cutting emissions to generating technology. Third, the old “cash-for-cuts” approach must be abandoned for one that requires contributions from all countries calibrated in magnitude and form to the countries current level of development and future prospects.

Latin America's Surging Middle Classes: Are They Really a Force for Change? (event video)

Latin America's emerging middle class, defined as those unlikely to fall back into poverty, has grown by 50% in recent years and now includes one of every three people on the continent, roughly equal to the number of people who remain poor. A new World Bank study finds many potential benefits from this surging middle class but cautions that these benefits can only be fully realized if countries can strike a new social contract that links middle class interests to the inclusion of those left behind. The event will include presentation of the report's key findings and a panel discussion with some of the leading experts on the region's middle classes.

The Climate Change Vulnerability Index — David Wheeler

This Wonkcast was originally recorded in April 2011.

Rapid climate change is upon us, and governments, multilateral organizations, and development agencies are preparing to dole out billions of dollars in adaptation assistance. Nevertheless, little research has gone into calculating which countries are most vulnerable to global warming.

Priority Setting in Health: Supporting health technology assessment in the Americas (event video)

The Pan American Health Organization (PAHO) is moving to tackle one of the most difficult and important challenges of health policy: strengthening regional mechanisms for assessing which health technologies are cost effective and therefore appropriate for public funding. It's a sensitive issue that vexes poor and rich countries alike--including the United States. A recent PAHO resolution signed by the United States, Canada, and countries in Latin America and the Caribbean will strengthen a network created last year to improve the quality of Health Technology Assessment studies and their use in the allocation of public budgets.

Corruption and Development -- William Savedoff

Savedoff

Pogo famously said: “We have met the enemy and he is us.” That thought underpins my conversation with CGD senior fellow Bill Savedoff on corruption and development. Bill joined me last week after hosting a roundtable discussion with two anti-corruption experts who have recently published books on the issue, Frank Vogl, author of Waging War on Corruption and Laurence Cockcroft, author of Global Corruption Money, Power, and Ethics in the Modern World. In our conversation, Bill draws on the key ideas in these two books to unpack the various ways of thinking about—and addressing—corruption in development. We also discuss three emerging areas of CGD work on the issue, each of which focuses on the policies and practices of the rich and powerful—in global terms, us.

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