Agricultural market liberalization is the linchpin for a successful conclusion to the Doha Round of World Trade Organization (WTO) negotiations because these are the most protected markets remaining in most rich countries. But the implications for developing countries, especially the poorest, are more complex than the current debate suggests. In her new book, Delivering on Doha: Farm Trade and the Poor, Kimberly Ann Elliott, a joint senior fellow at CGD and the Peterson Institute for International Economics, examines the structure of agricultural support in rich countries and the challenges and opportunities for reviving and completing the Doha Round of trade negotiations.
Trade has the potential to raise incomes worldwide. But trade creates losers as well as winners. This Rich World, Poor World brief provides an accessible introduction to the impact of global trade on U.S. jobs and suggests policies that the U.S. can pursue to maximize the gains and minimize the losses. Learn more about Rich World, Poor World: A Guide to Global Development
Development refers to improvements in the conditions of people’s lives, such as health, education, and income. It occurs at different rates in different countries. The U.S. underwent its own version of development since the time it became an independent nation in 1776. Learn more about Rich World, Poor World: A Guide to Global Development
The collapse of the Doha trade talks puts at risk one of the rich world's most important commitments to developing countries: to reform policies that make it harder for poor countries to participate in global commerce. Trade has the potential to be a significant force for reducing global poverty by spurring economic growth, creating jobs, reducing prices and helping countries acquire new technologies. Global Trade and Development, a Center for Global Development Rich World, Poor World brief, explains how the U.S. engages in global trade and how trade affects development and global poverty. Learn more about Rich World, Poor World: A Guide to Global Development
With foreign investment in the U.S. increasingly in the spotlight, this working paper by William Cline explores the U.S. external deficit and the fact that the U.S. relies on foreign lending to finance its trade deficit. Cline emphasizes the dangers of a hard landing for the U.S., and why this would especially hurt developing countries that depend on an expanding U.S. economy and are vulnerable to spikes in interest rates. The paper is based on a chapter in Cline’s recent book, The U.S. as a Debtor Nation.
The Commitment to Development Index (CDI), which ranks 21 countries across six policy areas, is widely seen as the most comprehensive and substantive measure of rich country policies towards development. In response to requests from other would-be index builders, CDI architect David Roodman describes the work of the interdisciplinary team that builds and runs the Index. Among the lessons: to work well, policy indexes must combine humility with a clear sense of purpose.
Does openness in trade and the free flow of capital promote growth for the poor? In this new working paper, CGD president Nancy Birdsall describes asymmetries in globalization and their implications for poverty reduction. She argues that poor countries lack effective social contracts, progressive tax systems, and laws and regulations that rich capitalist societies use to manage markets so that free trade and commerce more equally benefit all. These asymmetries also exist at the global level, where poor countries are especially susceptible to the risks of free trade and the vagaries of volatile capital flows.