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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.

 

A Green Fund: From the IMF, George Soros, and the Government of Mexico

On January 30 at the World Economic Forum in Davos, Dominique Strauss-Kahn, the Managing Director of the IMF, announced a possible new initiative – a multi-billion dollar Green Fund (that name is popular – see below) that would help developing countries finance the measures needed to tackle climate change – possibly with partial funding through issuance by the IMF of new Special Drawing Rights (SDRs).

Dubai's Labor Market - A Model for Other Countries?

Dubai has many unique features—it is a city state arising improbably out of the desert, boasting some extraordinary buildings, including a hotel shaped like an Arabian dhow and a 12 million sq ft shopping mall, with a fountain four times the size of the one at the Bellagio in Las Vegas.  But despite this uniqueness, its labor market policies may well serve as a model for other countries.  Dubai has actively sought talent from all corners of the world—its population of 1.7 million has four times as many foreigners as locals.  These guest workers staff hotels, drive cabs, build skyscrapers, a