This paper focuses on aid effectiveness. The paper considers peer-reviewed, cross-country, econometric studies, published over the last decade in order to propose areas with policy implications related to the conditions under which aid is more likely to be effective.
Should Countries Be More Like Shopping Malls? A Proposal for Service Performance Guarantees for Africa
Many developing countries have made progress in political openness and economic management but lag in terms of attracting private sector investments, at least outside of narrow resource-based enclaves.These countries may have recognized potential but have not yet established the reputation needed to sustain investment through the inevitable political and policy shocks that take place in most countries. The concerns that deter investors are many but can be broadly classified into high costs that that prevent global competitiveness and high actual or perceived risks.
Universal legal identity through birth registration has consistently remained as a potential target for the post-2015 agenda through several rounds of negotiation. However, as it has been put forth, it conflates legal identity and birth registration. This policy note clarifies the differences between legal identity and birth registration and offers measurable, achievable target language for each component to ensure that this important issue remains in the post-2015 development agenda in an impactful way.
In today’s world, the global economy is highly interconnected, but the global polity is weak, rudimentary, and fragmented.
Straightening the Measuring Stick: A 14-Point Plan for Reforming the Definition of Official Development Assistance (ODA)
The definition of foreign aid—Official Development Assistance, or ODA—is in crisis. The statistical aggregate assumed its current form between 1968 and 1972, and has failed to adjust to the times.
Historical data shows that large natural resource endowments have not translated into better quality of life in Sub-Saharan Africa (“Africa” for short).
This paper identifies and discusses the conditions needed for achieving strong and stable capital markets in emerging market economies, which at present remain illiquid and underdeveloped.
Sovereign wealth funds have traditionally invested in external securities but are increasingly being tapped to provide financing for domestic investments, including to help close infrastructure gaps.
Skilled workers emigrate from developing countries in rising numbers, raising fears of a drain on the human and financial resources of the countries they leave. This paper critiques existing policy proposals to address the development effects of skilled migration. It then proposes a new kind of policy tool to regulate skilled migration in a way that benefits origin countries, destination countries, and migrants. ‘Global skill partnerships’ are bilateral public-private agreements to link skill creation and skill mobility for mutual benefit. The paper describes how such an agreement might work in one profession (nursing) and one region (North Africa).
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.
This paper analyzes the potential for regional collective action in Latin America in the areas of finance, trade and infrastructure.
The pendulum of public perception has swung against microfinance. That leaves the thoughtful observer, wary of extreme claims in any direction, with a puzzle. Is microfinance a bane or a boon or in between?