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.
Kudos to our friends at the African Development Bank for their recent launching of a new blog, Building Africa Today. So far it is providing regular updates of African currencies, stock markets, commodities, and other data relevant to those following economic trends on the continent. Any quick scan of the blog also shows that this is not your father’s AfDB of the 1980s: the blog and the Bank are both heavily focused on private sector activity.
This post also appeared on the Huffington Post.
I write about trade so I feel that I should say something about the trade ministers’ meeting that concluded yesterday in Geneva. But what is there to say, especially if I want to follow my mother’s advice about not saying anything if I can’t say something nice? There have been almost too many to count of failed meetings trying to bring the ill-fated Doha Round of trade negotiations to a close. This one was supposed to be about institutional issues and how to strengthen the WTO for the future; Doha dominated anyway.
In a surprise New York Times op-ed last weekend, Senators Lindsey Graham (R-SC) and John Kerry (D-MA) announced a joint initiative on climate change.
The proposal mixes the good (I am glad it finally spells out that only carbon capture and storage turns coal into “clean coal”) with the bad. Still, it is welcome news that the Senate may finally be able to “count to sixty” and pass some kind of legislation to reduce emissions.
This is a joint posting with Kimberly Elliott and also appeared on the Huffington Post.
With one important reservation, we welcome last week’s EU proposal that the upcoming Pittsburgh G-20 Summit “should adopt the “Everything But Arms” (EBA) initiative without delay to support people in developing countries suffering from the crisis.” The EBA nominally provides 100 percent duty-free, quota-free market access for exports from least-developed countries, so suggesting that the rest of the G-20 replicate it is clearly in line with a Sept. 2 letter sent by members of the CGD Global Trade Preference Reform Working Group. The letter called upon:
This blog entry also appeared on the Huffington Post.
Leaders of the world’s richest nations have repeatedly pledged to offer the world’s poorest countries duty-free, quota-free (DFQF) access to their markets. Such access is one of the most powerful tools that high-income countries have to help poor countries to help themselves. The upcoming G-20 summit in Pittsburgh is an opportunity for the world’s leaders to finally deliver on this promise.
Last week Secretary of State Clinton, U.S. Trade Representative Kirk, Secretary of Agriculture Vilsack, and other U.S. government officials were in Nairobi at the African Growth and Opportunity Act (AGOA) Forum, making new and improved promises about the commitment of the United States to African development. I was in Nairobi last week too to moderate our fifth consultation meeting for the CGD Global Trade Preference Reform Working Group.
We tend to think of globalization in the following way: the rich world exports financial capital, technology, sophisticated goods, and entrepreneurial and managerial skills in the form of foreign direct investment (FDI) to developing countries; the latter, in turn, export people, resources, and low-skilled goods to the rich world.
The G8 leaders gathering in L’Aquila, Italy for their annual summit have an opportunity to help developing countries escape the worst impacts of the financial downturn. Italian Prime Minister Silvio Berlusconi’s ambitious agenda for the meeting outlines a list of priorities that directly affect short- and long-term development in these countries. The agenda includes climate change, development in Africa, dialogue with developing countries, and the Millennium Goals.
This blog orginally apeared on Vox on 5/27/09The economic crisis is hitting the world’s poorest countries through falling trade and commodity prices. This column argues that the US should respond by further opening its market to exports from small, poor economies. That would not only provide an additional stimulus to those economies but also strengthen US global leadership, give a boost to the Doha Round, and serve broader US national interests by helping to promote political stability in some very shaky parts of the world.“The World’s poorest developing nations have a special place in the Obama trade agenda.”
-US Trade Representative Ron Kirk, Georgetown University, 29 April 2009
While welcome, it is not yet clear how Ambassador Kirk’s words, and the President’s commitment, will be turned into action – and the need for action is urgent.