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.

 

The Informal Sector: What Do We Know So Far?

The informal sector is a major source of economic activity and job opportunities in poor countries as well as emerging economies. In sub-Saharan Africa, the size of the informal sector is estimated to employ over 70 percent of the population. Why do businesses remain informal? What gains in productivity or profitability do they forego by as a result of that choice?

IMF and World Bank Annual Meetings 2016: Leveraging Global Growth in Challenging Times

Beginning this Friday, the Annual Meetings of the IMF and World Bank will take place against the backdrop of a still-sputtering global economy, a growing number of displaced people, and a warming climate. In the face of these headwinds, a major priority for the multilaterals has to be to energize their members to spur global growth while also helping to address the challenge of global public goods.

Should Sovereign Wealth Funds Finance Domestic Investment?

Countries have traditionally invested their sovereign wealth in securities of major markets able to provide dependable returns and macroeconomic stability, but some are now investing more sovereign wealth domestically because of diminished returns in major markets and new investment opportunities at home. 

New Structural Economics: Industrial Policy 2.0 or Same Old Structuralism?

This is a joint post with Julia Clark and Christian Meyer.

Industrial policy—as many have already commented—is back. (See here, here and here).

The recent wave of post-financial-crisis interventionism has reignited the classic (and often heated) debate about whether governments can in fact nurture economic growth. Previous analysis of the East Asian miracle, and frustration at the perceived failure of certain liberalization policies, has led many to (again) embrace a more activist role for governments in economic development.

First Edition of the Oxford Companion to the Economics of Africa Features Essays by CGD Staff and Board

This is a joint post with Julie Walz

Since the mid-nineties, many African nations have ushered in dramatic economic and political changes. But growth in other countries is stalled due conflict, repressive regimes, and lack of infrastructure. A new publication captures the diversity across Africa, using an economic lens to evaluate the key issues affecting Africa’s ability to grow and develop. The Oxford Companion to the Economics of Africa is a compilation of 100 essays on key issues and topics across the continent. It includes contributions from young African researchers, longtime researchers on Africa and four Nobel Laureates. Authors were given the freedom to write their own perspectives, thus the result is not a literature review but an engaging snapshot of concerns and possibilities across the continent. With 48 country perspectives (from Algeria to Zimbabwe) and 53 thematic essays, the book rejects a one-size-fits-all approach yet recognizes that there are continent-wide opportunities and challenges. As the first work of its kind, it is an invaluable resource for anyone interested in the field, from graduate students to policymakers.