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.
In timely and incisive analysis, our experts parse the latest development news and devise practical solutions to new and emerging challenges. Our events convene the top thinkers and doers in global development.
The outcome of today’s G20 summit has become even more critical for developing countries as the World Bank revised the 2009 forecast for GDP growth in the developing world to 2.1 percent down from 5.8 percent in 2008. But a draft copy of the G20 communiqué published by the Financial Times could go farther in its commitment to help the world’s most vulnerable countries.
In early 2009, before the inauguration of President Obama, Kim Elliott and I decided it was time to think seriously and coherently about the future direction of U.S. trade policy, especially as it relates to developing countries.
Everyone says August in Washington, D.C. is quiet. That is of course, unless you are planning to attend the presidential conventions and from what I can tell, just about everyone is sending someone to the conventions. And this time around, CGD is going to both of them.
The U.S. Congress launched a new bipartisan Caucus for Congressional-World Bank Dialogue at a packed event on Capitol Hill July 16. The caucus, co-chaired by Kevin Brady (R-TX) and Betty McCollum (D-MN), provides a forum for members of Congress to engage the World Bank, parliamentarians and policy experts on poverty reduction, global development and trade.
A report in the Financial Times by John Thornhill leads with a remarkable quote from French President Nicolas Sarkozy warning the EU that he would block a proposed World Trade Organization (WTO) agreement on agriculture that would reduce European production incentives:
The Forbes Billionaire list published yesterday is a powerful sign of how fast the world is changing, in two worrying respects: growing inequality in the world, and the failure of the international financial institutions to adjust to the increased economic importance of emerging market economies. According to Forbes:
Here are Donald Rumsfeld, James Wolfensohn and somebody else agreeing on something. Guess who recently said the following:
1. "But most (global) institutions are rickety relics of a sixty-year-old worldview, a product of the way the planet looked at the end of World War II or the dynamics that shaped it during the cold war era."
The IMF's 2007 World Economic Outlook has a chapter on inequality and globalization (Chapter 4), which concludes that globalization in the last two decades has contributed to increased inequality in most countries. Bravo to the IMF for daring to move, on globalization, from apparent unencumbered globaphile to concerned realist!