Regional trade agreements such as the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership could leave some poor countries behind. Here are three policy changes to help Congress and President Obama avoid doing so.
Scaling Up What Works: Experimental Evidence on External Validity in Kenyan Education - Working Paper 321
We investigate heterogeneity across beneficiaries and implementers—in a randomized trial of contract teachers in Kenyan schools. The data show a stark contrast in success between the government and NGO arm that can be traced back to implementation constraints and political economy forces put in motion as the program went to scale.
Cash or Coupons? Testing the Impacts of Cash versus Vouchers in the Democratic Republic of Congo - Working Paper 320
Despite the increased use of conditional and unconditional cash-transfer programs worldwide, a majority of social protection programs in both developed and developing countries use in-kind transfers and vouchers. This paper reports the results of a randomized evaluation of an unconditional cash transfer and voucher program in the Democratic Republic of Congo, a country that has been plagued by intense civil war for much of the past two decades.
This paper discusses the potential usefulness of implementing macroprudential approach in Central America.
A number of Andean countries stand out in their successful use of macroprudential financial regulations. This paper focuses on three: countercyclical capital requirements, countercyclical loan-loss provisioning requirements, and liquidity requirements.
Foreign Workers Benefit Massively from Guest Work Opportunities, Submission to House Education and the Workforce Subcommittee on Workforce Protection
Michael Clemens’s “Foreign Workers Benefit Massively from Guest Work Opportunities” was entered into the Congressional Record by Chairman Tim Walberg, House Education and the Workforce Committee, Subcommittee on Workforce Protections, at a March 14, 2013, hearing, “Examining the Role of Lower-Skilled Guest Worker Programs in Today’s Economy.”
March 15, 2013
To: House Foreign Affairs Committee, Subcommittee on Asia and the Pacific
A Proposal for IDA-17: Instead of an Income Transfer, Direct the IFC to Invest Its Time, Resources, and Expertise in IDA Countries
Instead of giving an income transfer, the IFC should provide financing and its expertise in a way that fits what it does best—investing in the private sector—while giving the IFC incentives to accelerate what it should do even better—taking greater risks in poorer countries.
Arvind Subramanian testified before the Ways and Means Committee of the United States Congres hearing on US-India trade relations on March 13, 2013.
In the face of climate change, land and water scarcity, declining growth in crop yields, and dwindling public budgets, donors will need to be more innovative in how they deliver aid for agriculture.
In this essay, Toby Ord explores the moral relevance of cost-effectiveness, a major tool for capturing the relationship between resources and outcomes, by illustrating what is lost in moral terms for global health when cost-effectiveness is ignored.
This brief outlines how to implement a results-based approach in a way consistent with the World Bank’s recent experience with results-based disbursement, including its approval of the new Program for Results (PforR) instrument.
Forest Conservation Performance Rating (fCPR) Report 2: Bad News for the Pan-Tropics and Everybody Else - Working Paper 317
This paper updates Working Paper 294. Forest Conservation Performance Rating (fCPR) is a system of color-coded ratings for tropical forest conservation performance that can be implemented for local areas, countries, regions, and the entire pan-tropics.
Nowhere Left to Hide? Stock Market Correlation, Regional Diversification, and the Case for Investing in Africa - Working Paper 316
Overall, regional indices have become increasingly correlated with the S&P 500 index. Africa lags behind this trend some, and that lag could present opportunities for investors and policymakers.