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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.
On Thursday, January 10th, 2008, Professor Robert Mendelsohn, Professor of Economics, School of Forestry and Environmental Studies, Yale University, shared his thoughts at this World Bank event on climate change impacts and adaptation.
Professor Mendelsohn is a leading authority on the economics of climate change and policy. Over the last decade, he has developed insightful techniques for measuring the impacts from climate change that capture adaptation. Results of his research have been used to calibrate global impact models that predict the consequences of various climate scenarios. This research finds that climate change will hit low latitude countries especially hard but the net harmful effects of climate change will only become evident in the second half of this century.
Event discussants included Nancy Birdsall, President, Center for Global Development; Shanta Devarajan, Chief Economist, South Asia Region, World Bank; and Homi Kharas, Senior Fellow, Wolfensohn Center for Development at Brookings Institution.
The discussion was moderated by Apurva Sanghi, Senior Economist, World Bank.
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, Murat Yülek’s new book, How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development, sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. Explaining technical concepts in understandable terms, the book introduces a stylized industrialization process in four stages and locates different countries on the process map. He illustrates how picking-the-winner type industrial policies –a controversial issue among the economists –have worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. As trade wars and (pre-mature) de-industrialization become the zeitgeist of today, the book shows the links between global (im)balances and economic development explaining export-led growth as well as import-led slowdowns.
On the sidelines of the World Bank and IMF Spring Meetings 2019, the Center for Global Development (CGD) and the Bretton Woods Committee (BWC) will co-host this expert panel to discuss the future of the World Bank under its new president, David Malpass. What should top his agenda? What are the most important and urgent issues in the development landscape and what is the role of the World Bank in addressing these challenges? Join us to hear from this panel of global thought leaders offering recommendations for the future of the multilateral system.