With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.
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.
Mauricio Cárdenas, Former Minister of Finance and Public Credit, Colombia and Distinguished Visiting Fellow, Center for Global Development
Victoria Perry, Deputy Director, Fiscal Affairs Department, International Monetary Fund
Masood Ahmed, President, Center for Global Development
Amanda Glassman, Chief Operating Officer and Senior Fellow, Center for Global Development
More than ten million deaths each year are associated with consuming just three products: tobacco, alcohol, and sugary beverages. Most of these deaths occur in low- and middle-income countries. We know that taxes are a cost-effective way to reduce consumption, save lives, and raise domestic revenues. Yet taxes on these harmful products are still low in most countries. Raising the prices of these products by 50 percent could avert an estimated 50 million premature deaths worldwide and raise $20 trillion in new revenues over the next 50 years.
What is standing in the way? How can developing country governments implement excise taxes in a way to maximize revenue intake and health outcomes? What are the implications for achieving the Sustainable Development Goals in terms of improving health and domestic revenue mobilization? Join us at CGD to hear this expert panel discuss the policy and real-world implications of fiscal policies that address harms through taxation.
Read the report of the Task Force on Fiscal Policy for Health, co-chaired by Michael R. Bloomberg and CGD Board Chair Lawrence H. Summers, here.
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.