Ideas to action: independent research for global prosperity
Research
Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
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April 15, 2024
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Research
ESSAYS
August 02, 2017
Globalization is under attack in the West. The debate among pundits is no longer about whether globalization is to blame or not. It is about why globalization is now the bugaboo it has become. A common thread are changes, for the worse, in the economic and social standing of the Western middle class...
BRIEFS
March 08, 2017
In the wake of the global financial crisis, the IMF undertook a series of reforms to its lending facilities to manage volatility and help prevent future crises. The reforms included the adoption of two new lending instruments: the Flexible Credit Line (FCL), introduced in 2009, and the&nbs...
WORKING PAPERS
February 28, 2017
This paper addresses four misconceptions (or ‘myths’) that have likely played a role in the limited utilization of the IMF’s two precautionary credit lines, the Flexible Credit Line (FCL) and the Precautionary and Liquidity Line (PLL). These myths are 1) too stringent qualific...
SPEECHES
September 05, 2013
In this speech delivered at the 2012 Annual Conference of the Norwegian Agency for Development Cooperation, Nancy Birdsall shares her observations
about the changing development space and offers three proposals to help the development community tap the potential for informed and...
POLICY PAPERS
August 12, 2013
In this paper we argue that the United States cannot afford not to revisit and reemphasize cooperation with other countries, or multilateralism, in its approach to development. That is true for aid itself because the United States is politically and bureaucratically handicapped compared to other don...
WORKING PAPERS
August 08, 2013
In this paper we identify a group of people in Latin America and other developing countries that are not poor but not middle class either. We define them as the vulnerable “strugglers”, people living in households with daily income per capita between $4 and $10 (at constant 2005 PPP doll...
WORKING PAPERS
June 24, 2013
Global governance is no substitute for a country’s own well-managed policies of politics and economics, but the interconnected nature of our world demands that our leaders recognize the necessity for global coordination to keep pace with the for a more farsighted global order.