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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.

 

What Can International Development Learn from Britain’s Olympic Team?

There is a lot of chatter about the reasons for Britain’s relative success in the Olympic games. This transformation in Britain’s sporting performance has generated a raft of tortured analogies with various non-sporting challenges, such as industrial and education policies (on which Britain’s performance is rather less stellar). So I’m leaping on the bandwagon with two lessons for international development.

The Panama Papers and the Correlates of Hidden Activity

Unless you’ve been living under a rock in the British Virgin Islands, you might have heard of the massive leak of documents from Mossack Fonseca, a Panamanian law firm whose services included helping its clients create shell corporations and store their assets in offshore tax havens. In addition to a torrent of political scandals and crises, the leak has resulted in a renewed rallying cry to reform the international tax system. But aside from the political implications, the Panama Papers have the potential to help us better understand two things: what kinds of countries do these offshore firms do business with and are the tools we use for determining the relative risks of hidden cash any good?