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  • In this CGD Essay, visiting fellow Nancy Lee provides the full details and policy recommendations for a strategy of regional investment integration in the Americas. The essay, excerpted from her chapter in the forthcoming White House and the World: A Global Development Agenda for the Next U.S. President, builds on a previously published CGD Note by specifying the scope of the proposed agreement, outlining its expected gains, and identifying the initial steps the United States could take to encourage a fresh agreement to be reached.
  • Unlike East Asia and Europe, Latin America lacks a shared integration strategy and continues to struggle with a burdensome investment climate. In this new CGD Note, visiting fellow Nancy Lee suggests a fresh approach to regional integration in the form of a proposed regional investment agreement. The idea is a collective effort to set common standards for reducing specific barriers to domestic and foreign investment. Beyond its benefits for growth, such an agreement could boost the incomes of the poor by helping small businesses trapped in the informal sector move into the more productive formal sector.
  • CGD senior fellow Vijaya Ramachandran argues in this essay that the next U.S. president can play a valuable role in helping Africa to overcome two crucial barriers to poverty reduction: lack of power and lack of roads. Ramachandran urges the next president to create a $1 billion Clean Energy Fund for Africa to facilitate the transfer of U.S. infrastructure technology, including renewable energy; and to encourage the World Bank and the African Development Bank to focus on cross-country regional infrastructure projects, also with a strong emphasis on clean technology. The essay is included in a forthcoming CGD volume: The White House and the World: A Global Development Agenda for the Next U.S. President. Learn More
  • 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 Iraq, Afghanistan and a small number of debt relief operations; and almost all was allocated through bilateral rather than multilateral channels. Assistance to Africa more than quadrupled from $1.5 billion in 1996 to $6.6 billion in 2006 and has been enormously important in funding humanitarian relief and HIV/AIDS programs. But even with the increases, U.S. assistance to Africa still averages less than $9 per African per year. And U.S. assistance for Africa has become less selective: since 2000 the shares going to the poorest countries and to the best-governed countries have fallen. Learn More
  • Liberian President Ellen Johnson Sirleaf, who will host President Bush on Thursday in the final stop of his five-country Africa tour, has news that may surprise some people: despite the problems in some African countries, things are clearly improving in much of the continent. In a new CGD essay co-authored with senior fellow Steve Radelet, Sirleaf describes how a growing number of African countries are embracing democracy and good governance, strengthening macroeconomic policies, and benefiting from debt relief. These countries are in the midst of an economic and development rebound, with economic growth averaging 5 percent for a decade, poverty rates beginning to fall, and social indicators beginning to improve. The essay concludes with recommendations on how this progress can be sustained and consolidated. Learn More
  • Over the past two decades tens of thousands of children were forcibly recruited or abducted by the Lord's Resistance Army in Uganda. What happens to these former child soldiers when they return to civilian life? This new working paper by CGD post-doctoral fellow Chris Blattman shows that the popular perception of former child soldiers as social misfits and possible threats to society is generally contrary to the facts. His research shows that the experience of forced recruitment generally leads to greater political participation, more than doubling the likelihood that a young person will become a community leader. Learn More
  • In an increasingly globalized world, inequality is an issue of rising concern, especially in Latin America, home to many of the world's most unequal societies. This new book, co-published by the Center for Global Development and the Inter-American Dialogue, describes the links between recent growth trends, changing patterns of inequality, and rising cynicism and frustration with the political leadership across the region. The authors, Nancy Birdsall, Augusto de la Torre, and Rachel Menezes, present a dozen economic policy tools to make life fairer for the great majority of people--without sacrificing economic growth. Learn More
  • One story popular in development circles tells how Uganda slashed corruption simply by publicly disclosing the amount of monthly grants to schools--thus making it harder for officials to siphon off money for their own enrichment. This working paper finds that while the percentage of funds being diverted did indeed drop, the real value of funds diverted only fell by a modest 12 percent over six years. And the information campaign was no panacea; other policies and reforms also contributed to the improvement. Learn More
  • 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 its first 18 months and the unique way that it has organized government-donor relations. Based upon patterns of post-conflict recovery in several other African countries, he suggests that Liberia's recovery is likely to proceed in three phases: an immediate phase driven by aid and rebounding urban services; renewal of traditional natural resource-based activities; and, finally, processed products and other goods and services that can compete on global markets. Radelet writes from a unique perspective: he is serving as an advisor to Liberian president Ellen Johnson Sirleaf. Learn More
  • Shared growth—growth that helps to build a middle class—is now widely embraced as a central economic goal for developing countries. In this new working paper CGD president Nancy Birdsall reviews how macroeconomic policies shape incentives for inclusive growth, focusing on fiscal discipline; fair revenue and expenditure practices; and a business-friendly exchange rate. Relying heavily on the experience in Latin America and drawing lessons for other parts of the developing world, Birdsall argues that growth that strengthens the middle classes helps poor people, too. Learn More
    • Nancy Birdsall, President

      An internationally recognized expert on the impact of rich-country policies on poor people in developing countries, Birdsall is the author, co-author, or editor of more than a dozen books and over 100 articles in scholarly journals and monographs, published in English and Spanish. Shorter pieces of her writing have appeared in dozens of U.S. and Latin American newspapers and periodicals. She writes extensively on globalization and inequality and the reform of multilateral institutions, among other topics. Her most recent edited volume is The White House and the World: A Global Development Agenda for the Next U.S. President, a collection of policy essays by CGD fellows.

    • Kimberly Ann Elliott, Senior Fellow

      Kimberly Ann Elliott is the author or co-author of numerous books and articles on a variety of trade policy and globalization issues, including uses of economic leverage in international negotiations (both economic sanctions for foreign policy goals and trade threats and sanctions in commercial disputes). Her most recent book is Delivering on Doha: Farm Trade and the Poor, which was co-published by CGD and the Peterson Institute (PIIE) in July 2006.

    • Alan Gelb, Senior Fellow
    • Todd Moss, Vice President for Corporate Affairs, and Senior Fellow

      Todd Moss works on U.S.-Africa relations and financial issues facing sub-Saharan Africa, including policies that affect private capital flows, natural resource management, debt, and aid.

    • Steve Radelet, Senior Fellow

      Steve Radelet works on issues related to foreign aid, developing country debt, economic growth, and trade between rich and poor countries. He also leads CGD's Modernizing U.S. Foreign Assistance and MCA Monitor initiatives.

    • Vijaya Ramachandran, Senior Fellow

      Vijaya Ramachandran's areas of expertise are private-sector development, entrepreneurship, and foreign direct investment. She also manages CGD's work on fragile states, which focuses on the delivery of post-conflict assistance.

    • Liliana Rojas-Suarez, Senior Fellow

      An expert on Latin America and on financial services and the development impact of global financial regulation, Liliana Rojas-Suarez combines Wall Street and multilateral development bank experience, having worked as chief economist for Latin America at Deutsche Bank, as principal economist at the Inter-American Development Bank, and in senior research roles at the IMF. Her commentary leads CGD’s extensive package of analysis on the development impact of the U.S. financial crisis.

    • Nicolas van de Walle, Non-Resident Fellow
      Nicolas van de Walle (Ph.D. Princeton University, 1990) is the John S. Knight Professor of International Studies and the Director of the Mario Einaudi Center for International Studies at Cornell University and is a Non-Resident Fellow at the Center for Global Development.
    • David Wheeler, Senior Fellow

      David Wheeler leads CGD's work on climate change, which includes assessing the stakes for developing countries, integrating climate change into development assistance, and using public information disclosure to reduce emissions. He is the architect two Web-based carbon monitoring databases, one for all power plants in the world and one for tropical forests.

    • Carol J. Lancaster, Non-Resident Fellow
      Carol Lancaster is Director of the Mortara Center for International Studies at Georgetown University's School of Foreign Service. Before joining the Georgetown faculty in 1996, Professor Lancaster served three years as Deputy Administrator of the U.S. Agency for International Development.
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