With the Copenhagen climate talks finally underway, a CGD survey of 500 development and climate aficionados in 88 countries finds unexpected agreement about what should be done—and important differences between respondents from developed and developing countries about how an agreement should be financed and managed. Jan von der Goltz and CGD president Nancy Birdsall examine the survey results to shed light on some of the ingredients of a successful climate agreement.
Energy Needs and Efficiency, Not Emissions: Re-framing the Climate Change Narrative - Working Paper 187
The paper proposes a new narrative on climate equity that emphasize basic energy needs and the equality of access to energy opportunities rather than emissions. It advocates abandoning the setting of emissions targets and instead developing a framework where all countries contribute to maximizing technology creation and diffusion.
Foreign Policy Implications of U.S. Efforts to Address the International Financial Crisis: TARP, TALF, and the G-20 Plan -- Testimony before the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade
CGD president Nancy Birdsall testifies before the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade as Congress considers how best to support the spirit of the G-20 commitments and global economic recovery.
Implications of the G-20 Leaders Summit for -- Testimony for the House Financial Services Subcommittee on International Monetary Policy and Trade
CGD president Nancy Birdsall testifies before the House Financial Services Subcommittee on International Monetary Policy and Trade about the implications of the recent G-20 meeting in London. She reiterates the need for the United States to support the IMF and push for its reform.
This working paper examines the relationship between high inequality and liberalization of the financial sector in Latin America from 1975 to 2000. Using panel data, the authors find that increases in financial liberalization were associated with bank crises and other domestic and external shocks, and that higher schooling inequality reduces the impetus for liberalization brought on by bank crises.
Five billion people in developing countries are innocent victims of the global economic crisis. How well they cope will be crucial to sustained global recovery. In this CGD Note, Nancy Birdsall estimates that developing countries may need $1 trillion for bank rescues, for fiscal stimulus, and to maintain their minimal social safety nets over the next couple of years. She then explains how these funds could be unlocked from existing resources.