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.
U.S. engagement with the world has been affected by new foreign policy, national security, and economic challenges. These global challenges have stretched the bounds of both civilian and military involvement in development. The current system of foreign assistance has proven to be inflexible and outdated, unable to meet the needs for international investment. This investment, however, must be a lynchpin of U.S. national security in the 21st century – one of the three integral parts of diplomacy, defense, and development. A growing contingent of policy experts has agreed that U.S. foreign assistance must change in order to be more effective, responsive, and efficient.
The “New Day, New Way: U.S. Foreign Assistance for the 21st Century” report is the first step towards this mobilization. Amidst the myriad of proposals, commissions, reports, and debates around the topic of how to best design and achieve reform, the Modernizing Foreign Assistance Network has coalesced to build a solid foundation for a grand bargain amongst the executive branch, legislative branch, and the private stakeholder sector to revitalize and build strong civilian capacity for foreign assistance.
On Tuesday, June 10, 2008 this group of experts outlined the main principles of this report and how they plan to help move this agenda forward. Congressman Howard Berman (D-CA), Congresswoman Nita Lowey (D-NY), and Senator Chuck Hagel (R-NE) provided remarks. David Beckmann,Bread for the World, Lael Brainard, Brookings Institution, George Ingram, Academy for Educational Development, Carol Lancaster,Georgetown University and Raymond C. Offenheiser, Oxfam America served as discussants. Co-chairs Steve Radelet, Center for Global Development and Gayle Smith, Center for American Progress, moderated the discussion.
Climate change is one of the greatest existential challenge of our times. In the 2015 Paris Agreement, 190 parties submitted climate strategies to keep the global temperature increase to 1.5-2 C. and ensure a transition to low emissions economies. A new IMF paper provides country-level guidance on the role, design and economic impact of fiscal policies for implementing these strategies, using a unique and transparent tool laying out the trade-offs among policy options. The IMF will also be releasing updated estimates of energy subsidies at the global and national level.
Christine Lagarde, the IMF’s Managing Director will be joined by Ngozi Okonjo-Iweala, former Minister of Finance of Nigeria and Andrew Steer, President and CEO of WRI, in a session moderated by CGD President, Masood Ahmed to discuss fiscal policy options to achieve the Paris commitments: How much carbon pricing do countries need to meet their commitments? Should an international carbon price floor be established? Or are other solutions like tax subsidies more politically palatable? Where should the revenues be spent? Are physical climate proofing investments enough for adaptation?
Join us for a reception in advance of the 72nd World Health Assembly in Geneva, Switzerland.
This reception is an opportunity to learn about a proposed innovative approach to health financing while networking with other global health leaders. Per the high-level political declaration on the fight against tuberculosis, we are committed to mobilizing sufficient and sustainable financing for universal access to quality prevention, diagnosis, treatment and care of tuberculosis.
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.