Climate change is one of many global problems that pose risks to well-being for everybody in the world – and bigger, scarier, and harder to manage risks for poor people in poor countries. As with non-state terrorism, pandemic diseases, cybercrime, war refugees and microbial resistance to antibiotics, no one country, rich or poor, wants to act alone in dealing with these “global public goods” (in this case bads) since other countries will free-ride on its efforts. Dealing with these development challenges requires America’s leadership.
With rigorous economic research and practical policy solutions, we focus on the issues and institutions that are critical to global development. Explore our core themes and topics to learn more about our work.