Ideas to Action:

Independent research for global prosperity

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.

 

What Can Africa Hope For During Clinton Visit?

This blog also appeared on the Huffington Post

Secretary Clinton will be leaving August 5 for a seven-country tour of Africa. She will hit Kenya, South Africa, Angola, the Democratic Republic of the Congo, Nigeria, Liberia, and Cape Verde. (Whew!) The itinerary suggests that the theme of the trip will be more real politik than President Obama’s recent visit to Ghana which stressed good governance and was a celebration of Ghana’s recent electoral and economic successes. The Secretary, in choosing the largest economies and the continent’s most influential capitals, is likely to highlight more traditional U.S. economic and security interests. A few thoughts on what to expect -- and what Africa can hope for:

The Expanding Role of the Fed and Why It Matters for Development

In a recent interview on CNN en Español I discussed the evolving role of the U.S. Federal Reserve Board and its implications for developing countries. People in Latin America are following this issue closely. That’s because the global crisis has reminded everybody that an unstable financial sector in the industrial countries has powerful ripple effects not only on the financial sector of developing countries but also on the real economy, with serious consequences for poverty and inequality.