In a customs union with the EU, the UK could pursue reforms in services liberalisation, Aid for Trade, investment promotion, labour standards and bilateral trade agreements, while maintaining EU tariffs on goods imports. This may be its best trade-for-development strategy after Brexit.
CGD Policy Blogs
While income growth has been labeled "the holy grail of development," new analysis from Owen Barder, Lee Robinson, and Euan Ritchie suggests that there is just as much value in focusing on promoting innovation and the spread of technology.
It is time for an open, fair, merit-based process to appoint the next President of the World Bank. And I’ll explain below why I think the Europeans may, at last, break the cartel that has prevented this.
In 2019-20, donors will commit roughly $170 billion of public funding to an alphabet soup of international aid organisations, many of which their citizens may never have heard of. Each replenishment will be considered as a separate exercise, ignoring the reality that they are competing for limited donor resources.
Donors are considering a proposal for a new “innovative finance mechanism” to increase funding for education, based on recommendations from Gordon Brown’s Education Commission. We agree that we need to finance an expansion of education in the developing world. But sadly, the International Finance Facility for Education (IFFEd) proposal is too good to be true. Using donor guarantees to increase lending by multilateral banks could increase the supply of loans—but there are simpler ways to do that without setting up a new facility.
Aid and development transparency has come a long way in ten years. In this, the first of a two-part blog series, we look back at the origins of the aid transparency movement. We reflect on the original vision of those who conceived the idea, and the journey to date including some of the successes achieved along the way.
Last week’s report from the Migration Advisory Committee (MAC)—an independent body commissioned by the Home Office—included some good suggestions for the UK government, such as removing the cap on high-skilled immigration. However, the committee also made the rather extreme, and we think ill-advised, recommendation that there should be no legal work-based route for so called “low-skilled” immigration, which would shut the door on people without a job offer worth £30,000.
On World Refugee Day, we recognise the plight of the 25 million people who have been forced to flee their countries, to stand with them in solidarity and to appreciate the benefits that they have brought, or can bring to many economies. There are numerous studies that demonstrate the various economic benefits that accepting refugees can bring, and one of the most important from the receiving government’s point of view is the potential for refugees to become net fiscal contributors.
Some development fundamentalists think that aid should never be spent directly in the national interest. At the other extreme, some people—apparently including the UK Treasury—believe all development cooperation should be directly win-win. Both these polar opposites are dangerously wrong: the truth is in-between.
What I Want to Hear from the UK Development Secretary: How to Improve Whole-of-Government Aid Spending
Successive governments have long felt that UK Department for International Development (DFID) needs to work better with the rest of Whitehall. There have been efforts to join up better in government, sometimes successfully, but there remains a feeling in Whitehall that DFID is too tribal, too protective of its budget, and unwilling to roll up its sleeves to contribute to the government’s wider priorities including security, economic opportunities, and influence.