Development refers to improvements in the conditions of people’s lives, such as health, education, and income. It occurs at different rates in different countries. The U.S. underwent its own version of development since the time it became an independent nation in 1776.Learn more about Rich World, Poor World: A Guide to Global Development
Given all the other pressing worries, why was education among the issues that G8 leaders discussed at the St. Petersburg Summit? Education and the Developing World, a CGD Rich World/Poor World Brief, explains why investing in education is not just the right thing to do, it's the smart thing to do.Learn more about Rich World, Poor World: A Guide to Global Development
Ever since Adam Smith, economists have debated what conditions are required for nations to become wealthy. In a new CGD brief, senior fellow Peter Timmer argues that the "Smithian conditions" – low taxes, good government, and peace – are necessary but far from sufficient. He shows how investments in education, technology, and trade have contributed to the rapid progress of countries like South Korea, Singapore, and Brunei. The "miracle" of getting rich, Timmer concludes, lies in creating durable institutions that perpetuate both sets of policies over many decades.