All eyes are on Geneva in the next few weeks as negotiators try to salvage the Doha Round of trade talks before the Hong Kong WTO meetings in mid-December. A new brief by CGD and IIE Research Fellow Kimberly Elliott. Learn more
The MCC Between a Rock and a Hard Place: More Countries, Less Money and the Transformational Challenge
In this companion note to "Round Three of the MCA: Which Countries are most likely to Qualify in FY 2006" Sheila Herrling and Steve Radelet offer advice to the MCC Board on how to balance the increase in qualifying countries, the desire for larger compacts, and limited funding.
This MCA Monitor analysis draws on newly released data to explore which countries are most likely to be selected for FY 2006 funding from the Millennium Challenge Account. The authors predict that Burkina Faso, East Timor, and Tanzania are likely candidates from the low-income group, and that India is unlikely to be selected despite passing the indicators test.
This note draws on the MCC's selection process and newly released data to explore which countries are most likely to be selected for FY 2006. The analysis has several highlights.
Most studies of privatization look at what happens to companies. Reality Check, a new volume of case studies from Latin America, Asia, and the former Soviet Union, examines the impact on people. Surprise: privatization has often been a reasonably good thing, even for the poor.
Human capital flows from poor countries to rich countries are large and growing. A leading cause is the increasing skill-focus of immigration policy in a number of leading industrialized countries—a trend that is likely to intensify as rich countries age and competitive pressures build in knowledge-intensive sectors. The implications for development are complex and poorly understood.
In addition to the possible benefits from increased aid, what might also be the downside? From the recent G8 Summit to UN declarations, calls for a "Big Push" in official development assistance by OECD countries are becoming more frequent and pressing. In this working paper, CGD Research Fellow Todd Moss and Arvind Subramanian (IMF) highlight the importantance of aid effectiveness.
The Economist has called the U.K. Department for International Development (DFID) "a model for other rich countries." CGD Senior Program Associate Owen Barder, a former director of information, communications, and knowledge at DFID, provides an insider's account in:
Helping ex-combatants re-join society is a critical step in war-to-peace transitions. CGD Non-Resident Fellow Jeremy Weinstein analyzed a large sample of ex-combatants in Sierra Leone to evaluate disarmament, demobilization and reintegration programs. Surprise finding: participants' age and gender, the main criteria used in program design, had little to do with success. Past experience - including abuse - mattered more.
How is America's debt of 22% of GDP and its $670 billion trade deficit sustainable? What are the challenges to the rest of the world as the US’ fiscal accounts and exchange rates adjust to correct this imbalance? In this important new book, CGD/IIE Senior Fellow William R. Cline argues that without a significant fiscal adjustment, the growing US foreign debt will put the US economy—as well as the world economy and developing nations—at risk. The National Journal calls the book "the most thorough and up-to-date look at the issue."
Many poor countries, especially in Africa, will miss the MDGs by a large margin. But neither African inaction nor a lack of aid will necessarily be the reason. Instead, responsibility for near-certain ‘failure’ lies with the overly-ambitious goals themselves and unrealistic expectations placed on aid. While the MDGs may have galvanized activists and encouraged bigger aid budgets, over-reaching brings risks as well. Promising too much leads to disillusionment and can erode the constituency for long-term engagement with the developing world.
The international goal for rich countries to devote 0.7% of their national income to development assistance has become a cause célèbre for aid activists and has been accepted in many official quarters as the legitimate target for aid budgets. The origins of the target, however, raise serious questions about its relevance.
In this working paper, CGD research fellow David Roodman describes the methodology of the foreign aid component of the 2012 edition of the Commitment to Development Index. The CDI ranks 22 of the world’s richest countries on their dedication to policies that benefit the 5.5 billion people living in poorer nations. Moving beyond standard comparisons of foreign aid volumes, the CDI quantifies a range of rich-country policies that affect poor people in developing countries
A CGD best-seller, Give Us Your Best and Brightest has been praised in Foreign Affairs as "a judicious combination of facts, theory, and informed conjecture on a growing but complex phenomenon about which too little is known." Best and Brightest addresses the migration of well-educated workers from poor to rich countries, and the implications of such migration for development. "The book makes insightful contributions to the literature," says Development Policy Review.
The Commitment to Development Index (CDI) of the Center for Global Development ranks 21 of the world’s richest countries by evaluating their stance on seven domains of government policy to determine how those policies affect developing countries. This brief summarizes the components and results of the 2005 edition of the CDI.
Production-weighted Estimates of Aggregate Protection in Rich Countries toward Developing Countries - Working Paper 66
These new estimates of rich-country barriers to developing country exports show that the poorest countries face the highest barriers. The trade component of the 2005 CDI is based on this paper.
Reliving the '50s: The Big Push, Poverty Traps, and Takeoffs in Economic Development - Working Paper 65
Bill Easterly challenges a central rationale of the push for the 2015 Millennium Development Goals: the idea that poverty can be overcome with a big push in foreign aid and investment. Instead, change must come from the bottom up, he says.
In this posthumously published working paper, Dick Sabot argues that the U.S. external deficit is putting at risk the welfare of poor people in developing countries. This accessible paper draws on a forthcoming book, The U.S. as a Debtor Nation, by William Cline, and has been updated to include Cline's latest results.