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CGD in the News

World Bank’s New Chief Economist Is Expert On How Trade Can Drive Inequality (The Wall Street Journal)

April 26, 2018

From the article:

The World Bank has appointed Yale University’s Pinelopi Koujianou Goldberg, a leading academic who has probed how international trade can fuel inequality, as the bank’s new chief economist.
 
The bank said Ms. Goldberg, who goes by Penny, would help strengthen its academic bona fides. She just completed a tenure as the first female editor in chief of the American Economic Review, one of the most prestigious and influential journals in economics.
 
...Her research has touched on a range of development and trade topics, from how the expansion of global trade has fueled economic inequality in some countries to the mechanics of how exchange rates affect the economy, with a frequent focus on the emerging-market economies that are the focus of the World Bank’s lending and research.
 
“Of particular relevance to the bank is her work on how globalization has affected inequality and the relationship between trade, inequality and poverty in Colombia and India,” said Vijaya Ramachandran, a senior fellow at the Center for Global Development. The thrust of her work shows that the World Bank “is signaling that it needs to better understand the backlash against globalization,” said Ms. Ramachandran.
 

Read the full article here.

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