Ideas to Action:

Independent research for global prosperity



November 4, 2008

More Growth with More Income Equality in the Americas: Can Regional Cooperation Help? (White House and the World Policy Brief)

The next U.S. president has a great opportunity to lead regional economic integration in the Americas, to the benefit of both the United States and Latin America. For the Americas, the high hopes of a decade ago for a hemispheric trade agreement have faded, along with confidence in the region’s ability to act collectively to address fundamental economic challenges. The model for integration outlined here is a regional investment standards agreement—a collective effort to set common standards for key microeconomic policies affecting both domestic and foreign businesses.

October 9, 2008

Multilateralism Beyond Doha - Working Paper 153

The World Trade Organization’s collapsed Doha Round focused on issues of limited significance while the burning issues of the day were not even on the agenda. In this new working paper, CGD senior fellow Arvind Subramanian and co-author Aaditya Mattoo argue for a wider agenda for multilateral cooperation that includes such issues as food, energy, economic security, and the prevention and resolution of future financial crises.


Aaditya Mattoo and Arvind Subramanian
February 28, 2008

Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization - Working Paper 142

Two aspects of global imbalances -- undervalued exchange rates and sovereign wealth funds -- require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund has not been effective in dealing with undervalued exchange rates. In this working paper, CGD senior fellow Arvind Subramanian and his co-author propose new rules in the World Trade Organization to discipline cases of significant undervaluation that are clearly attributable to government action. Placing exchange rates and sovereign wealth funds on the trade negotiating agenda may help revive the Doha Round by rekindling the interest of a wide variety of groups, many of whom are currently disengaged from the round.

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Arvind Subramanian and Aaditya Mattoo
February 15, 2008

Crossroads at Mmamabula: Will the World Bank Choose the Clean Energy Path? - Working Paper 140

U.N. Secretary General Ban Ki-moon called for a revolutionary change in the world's energy mix. So why is the World Bank conducting business as usual? This new working paper by CGD senior fellow David Wheeler focuses on the bank's latest proposed venture, a huge coal-fired plant to be fueled by the Mmamabula coal field in Botswana. Using current cost estimates for coal-fired and low-carbon electricity, Wheeler calculates that a CO2 accounting charge of only about $35 per ton would be enough to make solar power competitive with coal. The difference, he argues, could easily be covered by the bank's Clean Technology Fund and other sources. He urges the bank to quickly adopt an explicit carbon accounting charge for all energy projects and says that given the current scientific consensus it would be very surprising if this is below $50/ton of CO2.

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