Arvind Subramanian testified before the Ways and Means Committee of the United States Congres hearing on US-India trade relations on March 13, 2013.
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.
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.
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.
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.
After more than a decade of US special envoys (Danforth, Zoellick, Natsios, Williamson, Gration, and Lyman) and the independence of South Sudan in July 2011, it is time for the United States to reevaluate what it is trying to achieve in its relations with the two Sudans and how best it can do that.
Since the 2010 earthquake, there has been very little direct procurement of goods or services from local businesses, missing a huge opportunity to spur long-term growth. Local procurement not only purchases immediately needed goods or services but helps grow the private sector, create jobs, and encourage entrepreneurs. Spending more money locally can multiply the effect of US assistance.
Bradley Parks and Zachary Rice share with the Center for Global Development the results of a global survey about whether the “MCC effect” exists.
The transparency and accountability of US spending in Haiti needs to be improved. Despite the large amount of public money disbursed for earthquake recovery in Haiti, it is nearly impossible to track how the money has been spent and what has been achieved.
This paper surveys 160 cases where biometric identification has been used for economic, political, and social purposes in developing countries. One primary conclusion is that identification should be considered as a component of development policy, rather than being seen as just a cost on a program-by-program basis.
Francis Fukuyama lays the conceptual groundwork for a new way to identify the components of governance and more usefully measure their quality.
Climate negotiations have focused on reaching a top-down international agreement and on mobilizing a pool of financial resources. This brief explains the urgent need for a new entity to provide nonfinancial services to faciliate and augment climate action that any nations and private actors take. It explores one possible path for filling the gap: the creation of a new arm of the World Bank.
Few problems are as pressing and as existential for the world as climate change, and few have proven to be as intractable. Three decades of international negotiations on climate change have yielded little by way of action that would substantially slow, let alone reverse, human-caused climate change. Things can be different.
Given the vital importance of child vaccination programs to US national security interests, intelligence-community participation in public health services should be explicitly banned. Doing so might help restore confidence in vaccination programs—benefiting those immunized and the health and security of Americans here at home.