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Blog Post
June 01, 2023
Last month, the World Bank announced its intention to mobilize $12 billion for a new Crisis Facility for IDA, the arm of the bank that provides concessional lending and grants to the poorest countries. The Crisis Facility will augment emergency funding for IDA’s most vulnerable borrowers and provid...
May
16
2023
4:00—5:00 PM EDT
May 08, 2023
The Phoenix Economy explores the social and economic ramifications of the Covid 19 pandemic, arguing that it may considerably reshape the global economy. Salmon suggests a future of greater geopolitical tension exacerbated by climate change, future pandemics and increased inequality. Growing uncerta...
CGD NOTES
May 03, 2023
The productivity drought and the unending search for GDP growth by high- and middle-income countries has drawn attention to the flagging vigor of large incumbent corporations and the need to groom a crop of "unicorns"—highly valued, entrepreneurial, superstar firms can potentially dial up competitio...
Blog Post
April 10, 2023
The world has never been more educated, our populations more connected. Technological advance in areas from solar and fusion power through batteries to satellites and cancer vaccines will help deliver sustained development. Ending extreme ($2.15 a day) poverty, while long overdue, is on a trajectory...
CGD NOTES
April 06, 2023
Countries continue to bet on Special Economic Zones to improve their industrial prospects, but why? SEZs are a handy and politically expedient instrument of regional and industrial policies, but too often, countries continue to establish zones even though they've ceased to deliver the outcomes they...
Blog Post
March 27, 2023
Technology facilitates the rapid flow of vast quantities of data across the world. These cross-border flows have the potential to unlock substantial benefits for development and poverty reduction. Yet, many policymakers worry about the issues this raises, such as data protection and security, nation...
Blog Post
March 20, 2023
I’m very grateful to Olivier de Schutter, UN special rapporteur on extreme poverty and human rights, for his discussion of Zack Gehan and my paper on future growth forecasts and poverty in 2050. There is much to agree with in his analysis, but I’d disagree with his statement “our focus should be on...
WORKING PAPERS
March 15, 2023
This paper examines the effectiveness of income protection and job protection policies for the post-pandemic economic recovery of the second half of 2020 through 2021. The empirical analysis shows that, in the short run, higher expenditure on job protection measures is associated with more robust GD...
Blog Post
March 15, 2023
The COVID-19 pandemic resulted in the deepest global recession since World War II. Countries across the world implemented substantial mitigation measures in response to the economic shock of the pandemic, with the size of the economic stimulus measures averaging about 5.6 percent of GDP. Social pro...