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Foreign direct investment, financial flows, private-sector development, humanitarian assistance, Africa
Vijaya Ramachandran is a senior fellow at the Center for Global Development. She works on the impact of the business environment on the productivity of firms in developing countries, and is the coauthor of an essay titled "Development as Diffusion: Manufacturing Productivity and Africa's Missing Middle,” published in the Oxford Handbook on Economics and Africa. Vijaya is also studying the unintended consequences of rich countries’ anti-money laundering policies on financial inclusion in poor countries. She has published her research in journals such as World Development, Development Policy Review, Governance, Prism, and AIDS and is the author of a CGD book, Africa’s Private Sector: What’s Wrong with the Business Environment and What to Do About It. Prior to joining CGD, Vijaya worked at the World Bank and in the Executive Office of the Secretary-General of the United Nations. She also served on the faculties of Georgetown University and Duke University. Her work has appeared in several media outlets including the Economist, Financial Times, Guardian, Washington Post, New York Times, National Public Radio, and Vox.
This paper examines how the lack of recognition of Somaliland by the international community—and the consequent ineligibility for foreign financial assistance—has shaped the region's political development. It finds evidence that Somaliland’s ineligibility for foreign aid facilitated the development of accountable political institutions and contributed to the willingness of Somalilanders to engage constructively in the state-building process.
CGD senior fellow Vijaya Ramachandran testifies before the House Committee on Financial Services about the World Bank’s disclosure policy. Ramachandran urges policymakers to base future capital increases to all of the MDBs on their progress on project evaluation and product innovation.
The White House State Dinner for visiting Prime Minister Manmohan Singh tonight is perhaps the biggest social event of the year in the nation's capital. The names of the 400 lucky people who have made it on to the guest list are yet to be released—the list has generated as much buzz as the event itself, both in Washington, DC and in India.
Over the past few weeks, rice consumers in Africa and other developing countries have watched anxiously as world prices have fallen steadily, at least in part due to our insistence that Japan and other countries have stocks that can be released on world markets . It is now clear that the speculative bubble has burst -- the "dynamic" in the market is bearish despite set-backs on individual policy fronts. The pressures on rice prices continue to be downward despite everything governments are doing to keep prices up.
In a little-noticed move in January, private military contractor DynCorp bought 100% of the shares of international development contractor Casals & Associates (the value of this acquisition was not disclosed). DynCorp says it plans to integrate Casals & Associates into its International Global Stabilization and Development Solutions division. In 2007, CGD research highlighted the Pentagon’s ever-expanding role in the development space. In the administration’s 2010-2011 budget proposal, 20% of the 2011 Department of State and Agency for International Development (USAID) budget is slated for “securing frontline states” (Afghanistan, Iraq, Pakistan). The DynCorp-Casals merger suggests a blurring of the line between development and defense in the private sector, as well.
This is a joint posting with David Wheeler and Robin Kraft
When countries in Latin America or Africa descend into crisis, economists in Washington take a harsh view. Governments are forced to reduce spending in return for IMF rescue packages and in some instances, countries are even put on a cash-only budget. In the United States, we have a very different approach designed to minimize hardship of any kind -- the bailout.