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An image of a graph showing Median annual Gini coefficient in LIDCs around a fiscal tightening, by tightening type

Low-Income Developing Countries Will Surely Need More Debt Relief Down the Line

The COVID-19 pandemic has left a large dent in the government budgets of low-income countries (LIDCs). During 2020, they had no choice but to increase public spending to fight the pandemic at a time when shrinking economic activity depressed their revenues. In this blog post, we argue that while these efforts to expand the flow of concessional resources to LIDCs are laudable, they are unlikely to be sufficient and, going forward, some form of debt relief will be necessary to secure fiscal sustainability down the road for these countries. 
The flags of the G20 countries outside in front of a cloudy sky

Which G20 Finance Ministers Are Freeriding on Their Peers?

In this blog, we draw on our newly published Finance for International Development (FID) measure, using the most up-to-date data now available (from 2018) to give an idea of the baseline efforts of the G20. We hope ministers and officials will use this information in considering the level of their and others’ financial commitments (given their income levels) and encourage a step up from the laggards—most obviously Argentina, Australia, Canada, Italy, Mexico, Russia, South Korea, and the United States.

A man named Rubiel Rios Andrade dries cacao on his farm in township of La Paz, Colombia

There's No Such Thing as a “Low”-Skill Worker

High-income countries depend on immigration to help foster strong societies and economies. Yet when deciding who is allowed to enter, most use a simple dichotomy based on educational attainment: “high” and “low” skilled. In this blog, based on a new policy brief by Labor Mobility Partnerships (LaMP) and discussions at a recent LaMP-CGD co-hosted event, we outline why this dichotomy is wrong, and how high-income countries can build mutually beneficial migration pathways at all skill levels.

Mark Lowcock speaking at a CGD event

Mark Lowcock Will Bring Development Finance, Humanitarian Assistance Expertise to CGD

We are thrilled to announce that Mark Lowcock will join CGD as distinguished non-resident fellow, effective tomorrow, June 20, 2021. He will contribute his wide-ranging expertise and wisdom to many facets of CGD’s work, but his initial focus on our Sustainable Development Finance and Migration, Displacement and Humanitarian Policy programs. We are very much looking forward to publishing his book [on accountability in the global humanitarian system, expected in Spring 2022].

An overhead show of Dhaka, Bangladesh

Bangladesh: Growth Miracle or Mirage?

Among South Asian economies, Bangladesh is touted as a rising star.  But is the praise entirely justified? Can Bangladesh now serve as a model for other countries, perhaps offering an alternative to the longstanding East Asian export-led growth paradigm? The jury is still out however, and the evidence raises doubt that the East Asian icons face serious competition from Bangladesh—at least not yet.

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