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Last week the Center for Global Development hosted the third annual Richard H. Sabot Lecture to honor the memory of Dick Sabot, a development practitioner and scholar, and a founding member of CGD's board of directors (see our events page for photos and a trascript of the event). Lord Nicholas Stern, IG Patel Professor of Economics at the London School of Economics and author of the Stern Review, spoke on "The Economics of a Global Deal on Climate Change."
The Economist recently published a lively review of India's Turn: Understanding the Economic Transformation, by Arvind Subramanian, a senior fellow at CGD and the Peterson Institute. The clever headline of the review, Arvind vs. Arvind, refers to the slightly different take on India's recent success of Arvind Panagariya, well-known trade theorist and proponent of what used to be called conventional economic wisdom on trade (i.e.
The House Financial Services Committee will consider new legislation this week that would contribute $400 million in FY2009 to a multilateral Clean Technology Fund (CTF), administered by the World Bank, to promote low-carbon energy production in developing countries. Scheduled for mark-up on Tuesday, H.R.
On Wednesday, President Bush joined presumptive Republican nominee John McCain in supporting the reversal of a long-standing ban on offshore oil drilling. Bush believes such action, along with exploitation of oil shale deposits and drilling in the Arctic National Wildlife Refuge, will reduce the price of gasoline for Americans.
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.
In today's Financial Times, former UN Secretary-General Kofi Annan makes a strong case for collective action on the situation in Zimbabwe. Mr Annan argues that "if the government, which many claim to be the author of violence, cannot ensure a fair vote, Africa must hold it accountable. The victor of an unfair vote must be under no illusions: he will neither have the legitimacy to govern, nor receive the support of the international community."
The day after the launch of the Modernizing Foreign Assistance Network's New Day, New Way Proposal, Representatives Betty McCollum (D-MN), Christopher Shays (R-CT), John Tierney (D-MA) and Frank Wolf (R-VA) introduced a bipartisan resolution to elevate global development and foreign assistance in our national interest. Continuing to build on the surge of momentum for modernizing U.S.
Controversy over the World Bank's proposed design for a multibillion dollar Clean Technology Fund (CTF) reached a House subcommittee last week. When the hearing ended, Rep. Luis Gutierrez (D-IL), the chairman of the subcommittee, voiced support for CGD senior fellow David Wheeler's scenario for a successful fund. Wheeler had urged that the CTF be redesigned to rapidly drive down the price of zero-emissions renewable power so that it becomes cheaper than electricity from coal and other fossil fuels -- thereby helping to avert a climate disaster.