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.
Suma Chakrabarti, President, European Bank for Reconstruction and Development
Donald Kaberuka, Former President, African Development Bank and Distinguished Visiting Fellow and Board Member, Center for Global Development
Nancy Lee, Senior Policy Fellow, Center for Global Development
Sahar Nasr, Minister of Investment and International Cooperation, Egypt
Bobby J. Pittman, Managing Director, Kupanda Capital and Board Member, Center for Global Development
Zeine Zeidane, Former Prime Minister and Governor of the Central Bank, Mauritania and Deputy Director, African Department, International Monetary Fund
W. Gyude Moore, Visiting Fellow, Center for Global Development
The infrastructure gap in the developing world needs to be addressed if the global community aims to reach the Sustainable Development Goals. The development community has increasingly focused on financing from the private sector as a source of funding for these infrastructure projects and other development needs. This may make sense in middle-income countries, where regulatory regimes are well-established, international capital can be channeled through sound financial systems, and the logistical and supply needs can be met. However, in lower-income countries, particularly in Africa, mobilizing private capital may be more difficult.
What lessons can be learned from middle-income countries? What capacity building is needed for governments to be able to select the right projects, monitor their construction, and implement them post-construction? How can public-private partnerships be used to mobilize new financing, without subsidizing private sector activities and generating unsustainable debt liabilities for the government? This panel will explore these questions and discuss what is needed to mobilize effective private finance in developing countries.
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.