For the world’s middle-income countries, the changes unleashed by automation, digital technologies, and the advent of increasingly more capable AI pose major challenges. They threaten to upend the few tried and tested development strategies.
This annual report marks two milestones in 2016: CGD’s 15th anniversary and, at the end of the year, its first leadership transition, with founding president Nancy Birdsall being succeeded by Masood Ahmed.
“This important book sets a sensible and specific way forward. It should be read by all involved in economic development and international action on climate change.” —Lord Nicholas Stern, author of the Stern Review
The authors argue that many reform initiatives in developing countries fail to achieve sustained improvements in performance because they are merely isomorphic mimicry. They present a new framework for breaking out of capability traps.
In his latest essay, Charles Kenny seeks to revive Solow's model of exogenous growth; growth driven by the global diffusion of new technologies and ideas. He suggests that when it comes to quality of life improvements, institutions may be less important than exogenous factors, like new vaccines, oral re-hydration therapies, or improvements in hygiene and education practices.
Over 60 percent of Africans have access to a cell phone, a simple technology that many believe will fundamentally change the dynamics of agricultural markets, banking, and government service delivery. In a new paper, Jenny Aker and Isaac Mbiti separate the hype from the reality.