CGD visiting fellow John Gibson and David McKenzie investigate the economic determinants behind decisions to migrate and decisions to return home. Using Pacific island countries as case studies, they find that expected gains in income may not be as influential as other expectations and preferences.
In this CGD report, the Commission on International Migration Data for Development Research and Policy presents their five recommendations to remedy the lack of good data on migration and its effects on development. The recommendations are politically and technically practical and would allow countries to greatly improve their migration data at low cost, and with existing mechanisms. The first step: ask basic census questions and make the data publicly available.
Billions of people depend on rice to survive. During the 2007–08 rice price crisis, the international community increased funding for food aid and governments tried to stabilize their domestic prices—only to further destabilize the world market. In the newest of three CGD working papers on the crisis, non-resident fellow Peter Timmer untangles the factors affecting world grain prices, from simple supply and demand to hoarding, the availability of storage, and the influence of speculation.
Economists often use instrumental variables to demonstrate a causal relationship between some trait of a country and economic growth. In this new analysis, Samuel Bazzi and Michael Clemens show that a variety of instrumental variables used in top economics journals have severe but hidden limitations. They present three guidelines to improve future empirical studies of growth determinants.
Capital Loss and Corruption: The Example of Nigeria -- Testimony before the House Financial Services Committee
CGD visiting fellow Ruhu Ribadu testifies before the House Financial Services Committee about the effects of corruption on democracy, global markets, and the poor in developing countries. He suggests how the United States could help put an end to corrupt practices.
Implications of the G-20 Leaders Summit for -- Testimony for the House Financial Services Subcommittee on International Monetary Policy and Trade
CGD president Nancy Birdsall testifies before the House Financial Services Subcommittee on International Monetary Policy and Trade about the implications of the recent G-20 meeting in London. She reiterates the need for the United States to support the IMF and push for its reform.
In this timely new book, CGD non-resident fellow Guillermo Perry proposes an innovative risk-management toolkit for multilateral banks to help developing countries become more stable, prosperous, and resilient to external shocks. The book is an important reminder of why the multilaterals must move beyond lending, despite a temporary uptick in demand for traditional loans.
Senior fellow Todd Moss investigates how the aftershocks of the global economic downturn are affecting Africa. African countries that take the right steps to mitigate the pain will be poised to benefit from the eventual recovery; those that don't will be left behind.