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Development economics, globalism and inequality, the aid system, international financial institutions, education, Latin America, climate financing
Nancy Birdsall is president emeritus and a senior fellow at the Center for Global Development, a policy-oriented research institution that opened its doors in Washington, DC in October 2001. Prior to launching the Center, Birdsall served for three years as senior associate and director of the Economic Reform Project at the Carnegie Endowment for International Peace. Her work at Carnegie focused on issues of globalization and inequality, as well as on the reform of the international financial institutions.
From 1993 to 1998, Birdsall was executive vice-president of the Inter-American Development Bank, the largest of the regional development banks, where she oversaw a $30 billion public and private loan portfolio. Before joining the Inter-American Development Bank, she spent 14 years in research, policy, and management positions at the World Bank, including as director of the Policy Research Department.
Her most recent work focuses on global governance and the international financial institutions, women’s empowerment and its relationship to reproductive choices, and the financing of global public goods for development.
Birdsall serves on the Board of Directors of the International Food Policy Research Council (IFPRI), the African Population and Health Research Center, and Mathematica. She is a member of the Williams College Center for Development Economics Visiting Committee. She has chaired the board of the International Center for Research on Women and has served on the boards of the Social Science Research Council, Overseas Development Council, and Accion. She has also served on committees and working groups of the National Academy of Sciences.
Birdsall holds a PhD in economics from Yale University and an MA in international relations from the Johns Hopkins School of Advanced International Studies.
Putting Education to Work in Egypt, by Nancy Birdsall and Lesley O'Connell. Prepared for Conference, Growth Beyond Stabilization: Prospects for Egypt, sponsored by The Egyptian Center for Economic Studies in collaboration with the Center for Institutional Reform and the Informal Sector, University of Maryland; the Harvard Institute for International Development, and the US Agency for International Development, February 3-4, 1999, Cairo, Egypt. March 1999.
"Intergenerational Mobility in Latin America: Deeper Markets and Better Schools Make a Difference," with Jere R. Behrman and Miguel Szekely, in New Markets, New Opportunities? Economic and Social Mobility in a Changing World (1999)
"The U.S. and the Social Challenge in Latin America: The New Agenda Needs New Instruments," with Nora Lustig and Lesley O'Connell, in The Search for Common Ground: U.S. National Interests and the Western Hemisphere in a New Century (W.W. Norton & Company, Inc., 1999)
"Deep Integration and Trade Agreements: Good for Developing Countries?" with Robert Z. Lawrence in Global Public Goods: International Cooperation in the 21st Century (Oxford University Press, 1999)
"No Tradeoff: Efficient Growth Via More Equal Human Capital Accumulation in Latin America," in Beyond Trade-Offs: Market Reforms and Equitable Growth in Latin America (1998)
"That Silly Inequality Debate," in Foreign Policy, May/June 2002
"Education in Latin America: Demand and Distribution are Factors that Matter," with Juan Luis Londoño and Lesley O'Connell in CEPAL Review 66, December 1998
"Life is Unfair: Inequality in the World," in Foreign Policy, Summer 1998
"Public Spending on Higher Education in Developing Countries: Too Much or Too Little?" in Economics of Education Review, 1996
The evidence is compelling that countries benefit from immigration, particularly if immigrants are already well-educated, working-age adults, as is the case with most of the Syrians fleeing war at home. Still, there are real economic, security, and political costs of hosting refugees when, as with the Syrians, the arrivals are sudden and substantial. Given those costs, how should we think about the obligations of potential host countries?
Theory and some empirical evidence suggest the two goals – reproductive rights for women and women’s economic empowerment – are connected: reproductive rights should strengthen women’s economic power. But our understanding of the magnitude of the possible connection and the nature of any causal link (vs. coevolution or reverse causation) in different times and places is limited. In this note we summarize what we know up to now and what more we could learn about that connection, and set out the data requirements and methodological challenges that face researchers and policymakers who want to better understand the relationship.
The Millennium Challenge Corporation (MCC) was established to provide large-scale grant funding to poor, well-governed countries to support their efforts to reduce poverty and generate economic growth. However, the statutory definition of which countries are “poor” for the purposes of MCC candidacy is inadequate. Based solely on GNI per capita with a rigid graduation threshold, it does not portray a clear picture of broad-based well-being in a country. Using a new, comprehensive country-level dataset of median consumption/income, the authors explore the merits and limitations of such a measure and suggest how it might be applied as an additional determinant of MCC candidacy.
CGD is especially concerned with the policies and practices of rich countries, corporations, and individual citizens that affect the world’s less fortunate people, especially the 5 billion least fortunate people who live in developing countries. In 2013 life for most people in those countries continued to get better as it has for several decades. In the advanced economies, the largely self-imposed austerity following the financial crisis of 2008-09 may finally be lifting.
Most studies of privatization look at what happens to companies. Reality Check, a new volume of case studies from Latin America, Asia, and the former Soviet Union, examines the impact on people. Surprise: privatization has often been a reasonably good thing, even for the poor.
This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). These myths are 1) too stringent qualification criteria that limit country eligibility; 2) insufficient IMF resources; 3) high costs of precautionary borrowing; and 4) the economic stigma associated with IMF assistance. We show, in fact, that the pool of eligible member states is likely to be seven to eight times larger than the number of current users; that with the 2016 quota reform IMF resources are more than adequate to support a larger precautionary portfolio; that the two IMF credit lines are among the least costly and most advantageous instruments for liquidity support countries have; and that there is no evidence of negative market developments for countries now participating in the precautionary lines.
President Obama will deliver his 2014 State of the Union speech Tuesday, January 28. We polled CGD experts to find out what they’re hoping to hear when the president addresses Congress and the nation. Check out their oratorical contributions below and read about the development-related decisions and policies they would like to emerge in support of the rhetoric.
The paper proposes a new narrative on climate equity that emphasize basic energy needs and the equality of access to energy opportunities rather than emissions. It advocates abandoning the setting of emissions targets and instead developing a framework where all countries contribute to maximizing technology creation and diffusion.
Like you, I know that there are many ways to make a difference in the world. I believe that improving the policies and practices of the rich, powerful, and influential is one of the most powerful and effective ways to support poor people in their efforts to improve their lives.
At the Center for Global Development our research feeds directly into practical policy proposals; we then work with thought leaders and decision makers to push these ideas into action. Our work is making a difference in the lives of small-holder farmers in Africa and unemployed workers in Haiti—and a CGD proposal for a new form of sanctions could help to end the violence in Syria, to name just three recent examples.
I invite you to join the CGD Society with a gift of $150 or more to help us continue to punch above our weight, pushing for policy changes that better the lives of the world's poor. By joining today with a check, wire transfer, or secure credit card transaction online, your investment in our work will be doubled thanks to a generous challenge grant from the William and Flora Hewlett Foundation.
Let me tell you about three ways that we will put your gift to work.
Our work on pull funding—market-like incentives for the delivery of products and services needed by poor people—paid off last month with an announcement at the G-20 Summit in Mexico that five countries and the Gates Foundation will provide $100 million for agricultural technology innovations to benefit farmers in Africa. CGD is now urging that the approach be applied to big technology challenges, such as a new form of fertilizer.
After a two-year research and policy engagement effort through our Migration as a Tool for Disaster Recovery Initiative this year the the US government added Haiti to the list of countries eligible for H-2 temporary worker visas, a move that could make available hundreds of millions of dollars to the poorest people in the Western Hemisphere. This month a CGD team returned from a trip to Port-au-Prince where they met with Haitian government officials who said that they were determined to implement the program efficiently.
The CGD proposal for preemptive contract sanctions to bring pressure on the Assad regime in Syria to stop civilian killings is outside of our usual work on poverty and inequality but very much within the CGD tradition of encouraging the rich and powerful countries—in this case primarily the United States and United Kingdom—to use creative measures to create a fairer, more just and more prosperous world. Our latest effort in pushing this idea is a draft Declaration Regarding Illegitimate Contracts with the Syrian Government.
While identifying policy opportunities such as these and then pushing for them to become reality, CGD also hosts a lively calendar of events that serve as a nexus for senior officials, development practitioners, academics and experts, and others like you who are a part of the global development community. In the first half of 2012, we hosted engaging, open dialogues on the leadership selection process at the World Bank and the European Bank for Reconstruction and Development. We also hosted major speeches by UN Secretary General Ban Ki-moon and IMF Managing Director Christine Lagarde on sustainable development ahead of the recent Rio+20 Summit. And we welcomed other "development heavyweights" as speakers at CGD events, including former U.S. Treasury Secretary Larry Summers, the World Bank's Justin Lin, and the White House's Gayle Smith.
By joining the CGD Society now with a gift of $150 or moreyou will gain preferred access to upcoming CGD conferences, events, and meetings—and the opportunity to exchange ideas with CGD experts and other leading figures in international policy, business, NGO, and media circles. You will be subscribed to our weekly newsletters and blogs , where you can comment on our work on aid, financial services, trade, migration, health, climate change, and other research spheres that enhance opportunities for the world's poor. Society members are acknowledged on our website and have access to the Center's intellectual resources by receiving complimentary copies of our books and reports published throughout the year.
The support of individual donors is fundamental to our independence and future success. I hope that you will choose to invest in CGD today and take advantage of the Hewlett Foundation's commitment to match your individual investment dollar for dollar.
Center for Global Development
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Nancy Birdsall discusses the future role of the World Bank in addressing global commons problems, using the example of climate management and financing to set out the principal-agent problem facing the global development and climate communities.