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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.

 

Oops: Economists in Confused Search for the Middle Class in the Developing World

This is a joint post with Christian Meyer.

With rapid growth in emerging market economies in the last decade, millions of people have entered the new global middle class. That has created new consumer markets in Latin America, Africa, and Asia – a good example: Dunkin’ Donuts going to India – and sparked considerable interest in the global financial and corporate communities.

Was the Charles Taylor Trial Worth the Price Tag?

This is a joint-post with Alaina Varvaloucas. Varvaloucas is a student at Yale Law School and formerly worked for Oxford University’s Centre for the Study of African Economies, based in Freetown.

Yesterday, after 9 years and nearly $250 million dollars spent, the Special Court for Sierra Leone in the Hague sentenced former Liberian President Charles Taylor to 50 years in prison after convicting him on 11 counts of war crimes and crimes against humanity. Taylor's trial has been an important milestone in the struggle to end impunity for tyrants and mass murderers. But the international community's guilt-ridden obsession with pursuing the Charles Taylors of the world is skewing the allocation of resources in war-torn countries toward celebrity trials and away from poor people with limited access to justice.

Finance Lessons from Emerging Markets for Europe and the United States

Last week I was one of a handful of speakers at the annual meeting of the Bretton Woods Committee, a non-partisan group that works to promote international economic cooperation and to foster strong, effective Bretton Woods institutions (i.e. the IMF and World Bank). Other speakers at the meeting, which was titled “From Vicious to Virtuous: The Cycle of Debt, Stability, and Growth” included U.S. Rep.

EBRD Raises the Bar for International Appointments

On Friday evening, the governors of the European Bank for Reconstruction and Development   (EBRD) selected a new president: British civil servant Sir Suma Chakrabarti. The decision is important because the EBRD has recently taken on a major global challenge: assisting the countries of the Arab Spring.  It also matters because the selection process raised the bar for open, transparent and merit-based leadership selection at other international institutions, including the World Bank, IMF and the other regional development banks.

It’s Not an IDA World Anymore

This is a joint post with Christian Meyer.

One of the pressing questions for Jim Kim in the years ahead as the World Bank’s new president is what to do as many countries graduate out of IDA, the bank’s fund for grants and concessional loans to the poorest countries. To generate ideas and possible directions for IDA’s business model, CGD has convened a Future of IDA Working Group. The group’s final report with recommendations is due out in early summer, in time for ample discussion prior to the IDA 16 Mid-Term Review this fall.

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