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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.

 

How Will We Cope with Downside of Global Hyper-Connectivity?

By providing fiscal stimulus and strengthening financial sector regulation, of course. But that may not be enough. Will the U.S. and the Europeans also revisit the idea of a global social contract -- to protect millions of people losing their jobs in developing countries? In a speech I delivered to the Dutch Scientific Council in December, I argued that

(Mostly) Good News on Trade Front in Stimulus Compromise

Although we still do not have all the details, CQ Politics is reporting that most of last week's compromise on Trade Adjustment Assistance made it back into the stimulus bill. It had been pulled from the Senate version because of demands from Senator Kyl (R-AZ) that TAA reform be linked to a date certain for voting on the free trade agreement with Colombia.

The World Bank's Mess in Albania

This is joint posting with Owen McCarthy
As word leaks out that the World Bank effectively funded the demolition of homes of the very poor residents of a small village, Jale, in Albania, and then refused to speak about it for more than a year, one can only hope that the Bank will spend as much time thinking through what went wrong as it will doing damage control. The Project Appraisal Document (otherwise known as the PAD) for the Albania Integrated Coastal Zone Management and Clean-Up Project stated that the Albanian government and the Bank had reached an agreement that no demolitions would take place until "procedures and criteria" were in place to assist affected citizens; in fact no such agreement existed. The Bank's Board approved the project.