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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.
Michael Clemens, Senior Fellow and Co-director of Migration, Displacement, and Humanitarian Policy, Center for Global Development
Gideon Maltz, Executive Director, Tent Partnership for Refugees
Radha Rajkotia, Senior Director, Economic Recovery and Development, International Rescue Committee
Paolo Verme, Lead Economist, World Bank
Cindy Huang, Senior Policy Fellow and Co-director of Migration, Displacement, and Humanitarian Policy, Center for Global Development
Our previous research, Are Refugees Located Near Job Opportunities? reveals that there are as many as 2.1 million working-age refugees in major urban areas in developing countries. However, in most developing countries, refugees lack the right to work and own a business, and face a variety of other barriers to employment such as limited freedom of movement. CGD’s Michael Clemens, Cindy Huang, and Jimmy Graham have produced a new working paper and policy brief—The economic and fiscal effects of granting refugees formal labor market access—that finds granting refugees formal labor market access has the potential to create substantial benefits for refugees and their hosts. These include greater productivity, increased tax revenues and incomes for hosts, and greater economic security and stability for refugees. Join us for a discussion of the central findings of the paper and recommended policies that can facilitate these benefits and mitigate potential costs.
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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.