On June 5, President Trump announced his intent to nominate Ray Washburne as the President of the Overseas Private Investment Corporation (OPIC) and David Bohigian as Executive Vice President. OPIC, as America’s development finance institution, advances US foreign policy priorities by leveraging debt and insurance to unlock private capital in developing countries.
CGD Policy Blogs
Two bills just introduced in the Senate and the House, both called the Economic Growth and Development Act, take on a central challenge in US development policy and programs: lack of collaboration to mobilize private investment among the 12 departments, 26 agencies, and more than 60 federal government offices involved in delivering aid.
What Now for Paris, the Climate, and the Trump Administration? – Podcast with Scott Morris and Jonah Busch
President Trump’s recent decision to pull the United States out of the Paris climate agreement—what does it mean for the agreement? For the climate? And for the US? CGD senior fellows Scott Morris, director of CGD’s US Development Policy Initiative, and Jonah Busch, coauthor of the recent book on climate change Why Forests? Why Now?, join this week’s podcast to discuss.
Two recent books reveal an internal debate about the value of childcare and women's work at the Inter-American Development Bank. Impact evaluations show home visitation programs are cheaper and better for kids than center-based childcare. But a new volume argues the cost-benefit calculation may change once impacts on women, and not just children, are added to the equation.
Last Thursday President Trump announced he’d withdraw the United States from the Paris climate agreement—a shameful act of self-harm. Condemnation has been swift, widespread, and gratifying. But if dangerous climate change is to be prevented then dissenting statements must be backed up with strong climate policies. Fortunately some countries, states, cities, and businesses are already matching words with deeds on climate. Here’s a rundown.
Are some countries too poor to consume a lot more energy? Or is income growth being held back by a lack of reliable and affordable electricity? While there is a strong relationship between energy consumption and income, the direction of causality is often far less clear. One way to estimate unmet demand may be to try to compare pairs of countries—e.g., how much additional energy does Kenya need to reach the level of Tunisia?
The White House delivered an FY2018 budget request, featuring deep spending reductions, to a less-than-receptive Congress early last week. In a series of blog posts, CGD experts sounded off on the proposed cuts to foreign aid and the philosophy that seems to guide them—including the administration’s plans to shutter the Overseas Private Investment Corporation, continued support for the Millennium Challenge Corporation, and the merits and potential downsides of a proposal to shift some security assistance from grants to loans.
A decision by President Trump to remove the United States from the 2015 Paris climate agreement would be a shameful act of self-harm. The decision would hurt everyone in the world, and poor people most, by making it harder to avoid a future of bigger storms and fires, disappearing coastlines, and tougher crop-growing conditions. But the most severe and immediate harm would be to the United States, which by banishing itself from the community of nations trying to prevent dangerous climate change would irrevocably damage its global standing.
What Economists Can Learn from the Mariel Boatlift, Part Two: Answering Questions about Our Research
Last week I blogged about a research discovery. An influential study had found that a 1980 wave of Cuban refugees into Miami, known as the Mariel Boatlift, had caused the wages of workers there to fall dramatically. In a new paper co-released by CGD and the National Bureau of Economic Research, my co-author and I revealed that large shifts in the racial composition of the underlying survey data could explain most or all of the same fall in wages. The author of the previous study, George Borjas, raised two substantive questions about our research, which I answer briefly in this post.