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Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Scrap the G8

Once again the G8 has come up tragically short on climate change and a host of urgent problems affecting poor people in developing countries. The good news is that they are at least discussing the right topics. The first Hokkaido G8 document, on the World Economy spills lots of ink on relations between rich and developing economies, including for example, reaffirmation of support for the Extractive Industries Transparency Initiative.

Japan Should Release Surplus Rice ahead of G8

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.

The Value of Rejecting Expert Advice

This is a joint posting with Peter Timmer.
This past weekend, the New York Times published a provocative story titled "Ending Famine, Simply By Ignoring the Experts" (login required), about how Malawi has rescued itself from endless cycles of famine. The Times argued that Malawi accomplished this seemingly impossible goal by ignoring experts from the World Bank and rich-country aid organizations who have insisted that Malawi should cut back or eliminate its subsidies on fertilizer. But Malawi's newly elected president, Bingu wa Mutharika, did just the opposite--he reinstated and deepened the subsidies, which in turn increased yields and resulted in exports of corn to neighboring countries. Was the president right to do this?