Ideas to Action:

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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.

 

Got a Favorite CGD Research Output in 2008? Tell Eldis!

Eldis, the online aggregator of development policy, practice and research at the Institute of Development Studies in Sussex, is conducting a survey to identify "the most significant new piece of development research of 2008." This strikes me as having roughly the same statistical validity as American Idol does for when it comes to finding new singing talent. Still, as with Idol and other talent shows, the entertainment value of a popularity contest is hard to dispute!

Bail, Baby, Bail: What General Motors can Teach us about Policy Distortions

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.

Stopping the Emerging Markets Contagion Boomerang

The U.S. rescue package is (rightly) focused on shoring up our domestic financial markets, ground zero in the global credit crisis. Even if this effort is successful, the United States and other global financial leaders cannot ignore the impact on emerging markets. As the crisis has now spread to Latin America, Asia, and elsewhere, we need to ensure that all available tools are used so that the downturn doesn't eventually boomerang back to us.

A Timely Report on Sovereign Wealth Fund Principles from Ted Truman and Peterson Institute’s New Real Time Economic News Watch

Congratulations to our friends and neighbors at the Peterson Institute on their new group blog, Real Time Economic News Watch, an excellent source of up-to-date commentary and analysis on the rapidly unfolding global financial crisis. I was particularly interested in Ted Truman's fine piece, Making the World Safe for Sovereign Wealth Funds which, contrary to its name, is really about moves this past weekend to make sovereign wealth funds less risky for the world. According to Ted:

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