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CGD NOTES
July 10, 2018
The economic impacts of Donald Trump’s trade dispute with China have so far been limited, but the countries of Latin America are nonetheless paying an early price. For a region where many economies are already constrained by weakened fiscal positions, the additional uncertainty caused by risin...
CGD NOTES
May 04, 2018
The Trump administration has pledged to tie foreign aid more directly to countries’ United Nations (UN) votes, threatening to punish countries who vote against the US position by cutting their foreign assistance. While the administration’s harsh rhetoric marks a shift from the recent pas...
CGD NOTES
January 17, 2017
Private sector development has long been viewed as essential for economic growth in developing countries, and the US role in promoting it has focused mostly on how developing country governments could best set a policy environment that made it possible. But let’s consider the risks of con...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
July 20, 2015
The future of development policy is in development finance. Developing countries need aid less and less as their incomes rise and economies grow. What they need now is private investment and finance. US development policy, however, has failed to bring its development finance tools in line with th...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
July 20, 2015
US development policy was built for a world that no longer exists. When the US Agency for International Development (USAID) was created in 1961, foreign aid was by far the most important flow of resources to developing countries. Today, aid is a relative sideshow. International migrants send roug...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
July 20, 2015
The United States is not using trade as effectively as it might to promote development. The executive and legislative branches of the US government have long recognized that trade can be an important tool to help poorer countries generate resources, create jobs, and reduce poverty. They also recogni...
WHITE HOUSE AND THE WORLD POLICY BRIEFS
July 20, 2015
Weak institutions are both a cause and a consequence of underdevelopment. Improving governance is widely regarded as critical to accelerating economic opportunities, democracy, and security. This is especially important for fragile states and countries emerging from conflict. Despite this, the Unite...