Behind the learning crisis in much of the developing world is a huge data gap.
The Millennium Challenge Corporation (MCC) was established to provide large-scale grant funding to poor, well-governed countries to support their efforts to reduce poverty and generate economic growth. However, the statutory definition of which countries are “poor” for the purposes of MCC candidacy is inadequate. Based solely on GNI per capita with a rigid graduation threshold, it does not portray a clear picture of broad-based well-being in a country. Using a new, comprehensive country-level dataset of median consumption/income, the authors explore the merits and limitations of such a measure and suggest how it might be applied as an additional determinant of MCC candidacy.
In 2010, Norway and Indonesia signed a US$1 billion performance agreement to reduce greenhouse gas emission from deforestation. The experience holds lessons for international cooperation in addressing climate change and other global challenges.
In this paper I discuss the ownership and financial structure and related governance arrangements, including leadership selection, of the World Bank and the Inter-American Development Bank.
Nancy Birdsall discusses the future role of the World Bank in addressing global commons problems, using the example of climate management and financing to set out the principal-agent problem facing the global development and climate communities.
In this paper, written as the introduction to New Ideas on Development after the Financial Crisis (JHU Press, 2011), Nancy Birdsall discusses two themes. The first is the pre-crisis subtle shift in the prevailing model of capitalism in developing countries—away from orthodoxy or so-called market fundamentalism—that the crisis is likely to reinforce. The second theme is better framed as a question than a prediction: will the financial crisis, which is likely to be remembered as marking the end of Western economic dominance, be a trigger for a new twenty-first-century approach to collective action on global problems?
Nancy Birdsall and Michele de Nevers propose a system for climate adaptation finance that builds off the lessons learned in development assistance.