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.
Shahid Mahmood, Secretary Finance, Finance Division, Ministry of Finance, Revenue, and Economic Affairs, Government of Pakistan
Kairat Kelimbetov, President, Astana International Finance Centre, Kazakhstan
Joachim von Amsberg, Vice President for Policy, Asian Infrastructure and Investment Bank
Victoria Kwakwa, Vice President, East Asia and Pacific, World Bank
Jonathan Taylor, Vice President, European Investment Bank
Wencai Zhang, Vice President, West, South and Central Asia, Asian Development Bank
Xian Zhu, Vice President and Chief Operating Officer, New Development Bank
Michael Ellam, Co-head of Public Sector, Global Banking, HSBC
Harinder Kohli, President and Chief Executive Officer, Centennial Group
Yaroslav Lissovolik, Chief Economist, Eurasian Development Bank
Shigeo Katsu, President, Nazarbayev University
Markus Rodlauer, Deputy Director, Asia and Pacific Department, International Monetary Fund
Sir Suma Chakrabarti, President, European Bank for Reconstruction and Development
Masood Ahmed, President, Center for Global Development
Marc Uzan, Executive Director, Reinventing Bretton Woods Committee
China's Belt and Road Initiative aims to connect countries that account for 60 percent of the world's people and 30 percent of global GDP. How can we make sure it produces real and lasting benefits for developing countries that are involved?
At this special mini-summit, co-hosted by CGD, the European Bank for Reconstruction and Development, and the Reinventing Bretton Woods Committee, we will bring together global leaders, including governments, multilateral development finance institutions and private banks to identify and discuss practical considerations for BRI partners, as well as challenges and solutions.
How can governments and international financial institutions ensure BRI is a sustainable success? How do we avoid the pitfalls of easy finance and uneconomic projects? What needs to change in business, finance and politics to make the new Silk Road a superhighway to success, and not a broken, bumpy ride?
In a recent paper, Kate Ambler and coauthors studied the impact of one-season cash transfers for agricultural investment in Senegal and Malawi, using data from a randomized control trial (RCT) in each country. They found evidence that transfers reduced both the number of decision makers and female decision making in Senegal in the short-run, particularly for measures directly related to agriculture. However, the effects disappeared two years after the transfers. Conversely, the authors find transfers in the Malawi program led to robust transitory increases in these measures, seeing a greater impact related to the number of decision makers in the household persisting after two year period. Join us for the latest CGD Invited Research Forum to discuss these opposing findings on the effects of cash transfers on household decision making.
Indian agriculture remains vulnerable to the vagaries of weather, and the looming threat of climate change may expose this vulnerability further. Using district-level data on temperature, rainfall and crop production, Siddharth Hari’s paper first documents a long-term trend of rising temperatures, declining average precipitation and increase in extreme precipitation events. One key finding is that the impact of temperature and rainfall are felt only in the extreme: when temperatures are much higher, rainfall is significantly lower, and the number of “dry days” greater is than normal. He also finds that these impacts are significantly more adverse in unirrigated areas (and hence rainfed crops) compared to irrigated areas. Can policy makers react to the challenges of climate change and find ways to get “more crop for every drop?"
Estimating intergenerational mobility in developing countries is difficult because matched parent-child income records are rarely available and education is measured very coarsely. In particular, there are no established methods for comparing educational mobility for subsamples of the population when the education distribution is changing over time.
In their recent paper, Sam Asher and coauthors present new methods and new administrative data to overcome this gap, and study intergenerational mobility across groups and across space in India. They find that the intergenerational mobility for the population as a whole has remained constant since liberalization, but cross-group changes have been substantial. Rising mobility among historically marginalized "Scheduled Castes" is almost exactly offset by declining intergenerational mobility among Muslims, a comparably sized group that has few constitutional protections. These findings contest the conventional wisdom that marginalized groups in India have been catching up on average. The paper also explores heterogeneity across space, generating the first high-resolution geographic measures of intergenerational mobility across India, with results across 5600 rural subdistricts and 2300 cities and towns.