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.

 

On Global Public Goods: It’s Not Big Money but It’s a Big Breakthrough

There is much to cheer about in last week’s announcement by the World Bank’s shareholders to increase its paid-in capital by $13 billion. It is a healthy signal that multilateralism is alive and well, at least in the development space. And on a practical level it is sufficient to ensure that at a minimum World Bank lending to sovereign borrowers can be sustained at current levels, and private sector operations can continue to grow.

How the United States Can Lead on Global Goods and Bads

Climate change is one of many global problems that pose risks to well-being for everybody in the world – and bigger, scarier, and harder to manage risks for poor people in poor countries.  As with non-state terrorism, pandemic diseases, cybercrime, war refugees and microbial resistance to antibiotics, no one country, rich or poor, wants to act alone in dealing with these “global public goods” (in this case bads) since other countries will free-ride on its efforts. Dealing with these development challenges requires America’s leadership.