In September this year, world leaders will meet in New York at the United Nations General Assembly. Top of the agenda will be the passage of a resolution laying out global development goals for the fifteen years to 2030, covering progress in areas from poverty reduction to forestry preservation. They will follow on from the Millennium Development Goals (MDGs), which have become a common yardstick of global progress over the past decade and a half.
Data Set for "How Much Will Health Coverage Cost? Future Health Spending Scenarios in Brazil, Chile, and Mexico - Working Paper 382"
This is the data set for Working Paper 382 which examines the expansion of universal healthcare in Latin America. The authors calculate long-term projections for public spending on health in three countries and analyze different scenarios related to population, risk factors, labor market participation, and technological growth.
Whether the poor are helped or hurt by taxes and transfers is generally determined by comparing income distributions before and after fiscal policy using stochastic dominance tests and measures of progressivity and horizontal inequity. We formally show that these tools can fail to capture an important aspect: that a substantial proportion of the poor are made poorer (or non-poor made poor) by the tax and transfer system.
In rural areas of developing countries, education programs are often implemented through community teachers. While teachers are a crucial part of the education production function, observing their effort remains a challenge for the public sector. This paper tests whether a simple monitoring system, implemented via the mobile phone, can improve student learning as part of an adult education program.
Both academic research and public policy debate around tax havens and offshore finance typically suffer from a lack of definitional consistency. Unsurprisingly then, there is little agreement about which jurisdictions ought to be considered as tax havens—or which policy measures would result in their not being so considered.
Basel III in Chile: Advantages, Disadvantages and Challenges of Implementing the New International Standard for Bank Capital (English and Spanish Versions)
This paper analyzes the relevance, advantages and challenges that the Chilean financial system would face if the new international standard were implemented.
Even as Congress was mandating large increases in the consumption of biofuels a decade ago, the world was changing. In the early 2000s, replacing fossil fuels with biofuels made from corn, sugar, or oilseeds seemed like a good idea. Increased crop demand would prop up prices for farmers, and replacing petroleum with renewable energy would reduce greenhouse gas (GHG) emissions and promote energy independence.
Updated May 19, 2015
Global public goods (GPGs) provide benefits to people in both rich and poor countries. They play a crucial role in safeguarding the social, economic, and political progress of the past century. They are fundamental to managing global risks such as climate change, infectious diseases, and financial crises that can harm developing countries disproportionately; and in exploiting opportunities, such as new vaccines, that can benefit them especially. Yet very little is known about how much governments spend on GPGs that matter for developing countries.
This essay addresses the challenges likely to be faced by corporations and non-governmental organizations as they collaborate to implement recent commitments to deforestation-free commodity supply chains. The essay takes as its inspiration and a source of lessons learned Theodore Roosevelt’s 1913-14 expedition to explore the River of Doubt, a tributary of the Amazon River in Brazil.
New Estimates of Global Poverty and Inequality: How Much Difference Do Price Data Really Make? - Working Paper 403
This paper makes new estimates of global poverty and inequality in 2012 using both ‘old’, 2005 and ‘new’, 2011 purchasing power parity (PPP) price data in order to assess systematically what difference PPP data makes to the estimates.
Trade is a key tool to bring food security to an estimated 800 million people around the world that remain chronically undernourished. Many countries need reliable access to international markets to supplement their inadequate domestic food supplies. Better policies to make agriculture in developing countries more productive and profitable, including via exports, would also help alleviate food insecurity and reduce poverty. Stronger international trade rules would help by constraining the beggar-thy-neighbor policies that distort trade, contribute to price volatility, and discourage investments in developing-country agriculture.
Guarantees, Subsidies, or Paying for Success? Choosing the Right Instrument to Catalyze Private Investment in Developing Countries - Working Paper 402
Governments, donors, and public sector agencies are seeking productive ways to ‘crowd in’ private sector involvement and capital to tackle international development challenges. The financial instruments that are used to create incentives for private sector involvement are typically those that lower an investment’s risk (such as credit guarantees) or those that lower the costs of various inputs (such as concessional loans, which subsidise borrowing).
Last year, the Asian Development Bank (ADB) management proposed a major financial restructuring that would increase the amount of bank capital available for investment. This proposal offers many benefits in and of itself. But it also creates an opening for additional and complementary changes in governance that would greatly strengthen the bank and would ensure all of the benefits of the restructuring are fully captured. The merger proposal represents a highly credible down payment by the ADB on a set of innovations that can greatly expand the institution’s ability to respond to the region’s needs and opportunities—and in the process, stimulate similar dynamics at other MDBs.