The global economy is gradually healing from the economic blows dealt by the coronavirus pandemic, but the recovery remains fragile and halting. Reduced trade is more a symptom than a cause of those trends—and what governments do in terms of additional fiscal stimulus will do far more to determine the shape of the recovery in the United States and other countries. Still, trade policy could be a factor, supporting or undermining the nascent recovery.
CGD Policy Blogs
Three years ago, the government pledged “to help improve access to UK markets for world’s poorest countries post-Brexit." Our experts review whether they are still on track to meet this.
CGD has engaged in a series of conversations between CGD president Masood Ahmed and the Director-General candidates for the WTO, with a focus on the candidates’ views for how the WTO can amplify developing country voices in global trading systems.
Building Back Better: Creating Resilience in Critical Supply Chains While Supporting Global Development
Policy forged at pace and during extreme circumstances will often leave something wanting. We want more resilient supply chains, but we shouldn’t sacrifice the benefits that existing supply chains have created, nor should we needlessly penalize developing countries in the race for resilience.
Liberalized trade has led to a boom in int'l students, and reactionary immigration policies—including Trump's move to bar these students from staying in the US if their university shifts online—could leave a lasting impact on higher education and the economy.
Journalist Howard French on US perceptions of Africa, the business opportunities the US is leaving on the table, and how policy changes could benefit both the US and African countries.
The UK officially leaves the EU on 31st January and has prioritised an independent trade policy—but how will it meet its commitment to improve access for the poorest countries?
Charles Kenny reviews recent Economics Nobel Prize Winners Abhijit Banerjee and Esther Duflo’s new book, Good Economics for Hard Times.
Perhaps the most surprising was how similar these scenes playing out in America are to those I’ve seen in Africa. To be sure, many of the factories I visited in Africa were smaller-scale and simpler in their operations than the Ohio glass plant in American Factory. But some Chinese-owned factories in Africa are similarly large-scale and technologically advanced, and no matter the size of the factory, I witnessed many of the same struggles to find cross-cultural understanding, to teach workers genuinely difficult skills, and to withstand the pressure of a highly competitive, global industry.
Value Chains as Vehicles for Development: Gloomy Global Trends, Optimism in Africa, and Some Ideas for Action
The World Development Report 2020 released on Wednesday highlights the economic benefits from GVCs and reminds us that protectionism and policy uncertainty around the world is now putting many of these benefits at significant risk.