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November 4, 2010

Commitment to Development Index 2010

The Commitment to Development Index (CDI) ranks 22 of the world’s richest countries on their dedication to policies that benefit the five billion people living in poorer nations. Moving beyond standard comparisons of foreign aid volumes, the CDI quantifies a range of rich country policies that affect poor people in developing countries.

March 30, 2010

A Doing Business Facility: A Proposal for Enhancing Business Climate Reform Assistance

Africa remains extremely difficult for entrepreneurs. Donors are increasingly targeting assistance to address the investment-climate constraints that hinder private-sector growth. This report lays out the case for promoting investment climate reforms more strategically, various options for implementing a system to do so, and possible institutional homes for the proposed facility.

The Supporting Business Climate Reforms Working Group
August 6, 2009

Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment - Working Paper 176

What happens when capital and sophisticated goods flow uphill, from poorer to richer countries? With a new dataset of foreign direct investment and a measure of the sophistication of exports, CGD senior fellow Arvind Subramanian and his co-author Aaditya Mattoo find that developing countries sending goods and services uphill experience economic growth and other development benefits.

Aaditya Mattoo and Arvind Subramanian
December 12, 2008

Desert Power: The Economics of Solar Thermal Electricity for Europe, North Africa, and the Middle East - Working Paper 156

Senior fellow David Wheeler and Kevin Ummel argue for rapid, very large-scale deployment of existing solar thermal technology. Using maps of solar radiation and project finance calculations, they show that with modest subsidies solar power generated in North Africa and the Middle East could meet the needs of 35 million Europeans by 2020. At that point, solar power would be cheaper than fossil fuels and future projects would no longer require subsidies.

December 10, 2007

Joining the Fight Against Global Poverty: A Menu for Corporate Engagement

International corporations interested in joining the fight against global poverty can choose from a wide range of options, according to a new CGD report released last week. The report, Joining the Fight Against Global Poverty: A Menu for Corporate Engagement, suggests six approaches for corporations to consider. Based on interviews with senior executives at 15 firms with global reach, it includes stories about what has worked (and what hasn't) and describes some of the advantages that companies have found in working for development.

Staci Warden
October 10, 2007

The 2007 Commitment to Development Index: Components and Results

This CGD brief summarizes the results of the 2007 Commitment to Development Index (CDI), which ranks 21 of the world's richest countries on their dedication to policies that benefit the five billion people living in poorer nations. The Netherlands comes in first on the 2007 CDI on the strength of ample aid-giving, falling greenhouse gas emissions, and support for investment in developing countries. Close behind are three more big aid donors: Denmark, Sweden, and Norway.

October 1, 2007

Does Influence-Peddling Impact Industrial Competition? Evidence from Enterprise Surveys in Africa - Working Paper 127

CGD visiting fellow Vijaya Ramachandran and co-authors Manju Kedia Shah and Gaiv Tata used firm-level survey data from more than 1,500 enterprises in six African countries to discover how and why African firms lobby. Their working paper concludes that larger, entrenched firms lobby to protect their market share, and that this inhibits competition, reducing efficiency and growth. The authors suggest that regional integration could be one way out of this trap, because it expands the number of enterprises in the marketplace as well as the size of the market, thus making it both harder and less worthwhile for domestically entrenched enterprises to lobby to protect their market share.

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Vijaya Ramachandran , Manju Kedia Shah and Gaiv Tata
September 10, 2007

Poverty and Inequality in Latin America: How the U.S. Can Really Help

For the past decade, U.S. attention to Latin America has focused mainly on promotion of free trade and opposition to narcotics trafficking and security threats. But there are signs that Washington is beginning to recognize the importance of helping the region tackle longstanding poverty and social inequality. Candidates at this weekend's Democratic presidential debate called for a robust foreign policy in Latin America and the Bush administration has recently shown a renewed interest in promoting development and improving Washington's image in the region. This new brief by CGD president Nancy Birdsall and Inter-American Dialogue president Peter Hakim sets forth a practical agenda for how the U.S. can help. Examples: buttress free trade agreements with aid programs that compensate losers; include land redistribution and alternative employment programs in the so-called "war against drugs."

Peter Hakim
August 27, 2007

We Fall Down and Get Up: Carol Lancaster Reports on Elections in Sierra Leone

Sierra Leone, where a brutal decade-long civil war finally ended in 2002, has just held remarkably fair, peaceful and well-organized elections. CGD visiting fellow Carol Lancaster, a former deputy administrator of USAID, was there as an election observer. In a new CGD Essay, she reflects on what democracy means in a country with a mere 35 percent literacy rate, a 70 percent unemployment rate, and life expectancy of only 40 years. She writes that progress will depend upon the new government's ability to tackle corruption, rebuild infrastructure and encourage investment. It will also require the emergence of a domestic constituency with the knowledge, power and commitment to hold new leaders accountable.

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Carol Lancaster
February 20, 2007

Why Doesn't Africa Get More Equity Investment? Frontier Stock Markets, Firm Size and Asset Allocations of Global Emerging Market Funds - Working Paper 112

Africa receives only a tiny fraction of global investments in emerging markets. But the problem is not that fund managers are scared away by a seemingly steady stream of bad news out of Africa, nor is a general marketing of Africa to global investors the solution. Instead the authors of this new CGD working paper find that the small size of African markets and low levels of liquidity are a binding deterrent for foreign institutional investors. Drawing on firm surveys to explore why African firms remain small, the authors offer practical recommendations for increasing portfolio investment in Africa. Learn more

Todd Moss , Vijaya Ramachandran and Scott Standley
Cover of Harnessing Foreign Direct Investment: Policies for Developed and Developing Countries
January 12, 2007

Harnessing Foreign Direct Investment: Policies for Developed and Developing Countries

Does foreign direct investment (FDI) channel capital and know-how to developing countries? Or does it bring corruption and abuse of labor standards? Harnessing Foreign Direct Investment shows that FDI's contribution to development can be extremely powerful but that some forms of FDI, especially infrastructure, have serious adverse consequences. CGD non-resident fellow Theodore H. Moran shows for the first time how some investors circumvent the U.S. and host country laws and international treaties outlawing corrupt payments without risking prosecution, and offers recommendations on what to do about it.

August 21, 2006

The Investment Climate Facility for Africa: Does it Deserve U.S. Support?

The Investment Climate Facility (ICF) for Africa was launched in June to help Africa tackle problems that hinder domestic and foreign investment. It aims to raise $550 million for promotion of property rights and financial markets, anti-corruption efforts, and reform of regulations, taxation, and customs. In this CGD Note, senior fellow Todd Moss lists the strengths of the proposal and asks tough questions, including: What exactly will the money be spent on? Why no independent evaluation? He concludes that the U.S. should support the facility--if convincing answers are forthcoming. Learn more

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