Category: Uncategorized
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A paper for the Global (Dis)Order international policy programme of the British Academy and Carnegie Endowment. Globally, we are past ‘peak baby’, and many countries are past peak working-age population. Richer economies are seeing plateauing education rates and rising demand for services. All these factors suggest slower growth in richer countries, combined with fewer export…
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Aid Isn’t Fairy Dust is a CGD note. Long-term changes and the lessons of the past decade suggest rhetoric around what aid can accomplish needs to be dialed down. It is largely macroeconomically irrelevant in middle-income countries and has a weak record in leveraging or crowding in other resources. But aid still has a vital…
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A CGD Policy Paper. The World Bank has “ambitious” climate targets that have been accompanied by a growing proportion of its lending being labeled as climate finance. At the same time, the way that finance is defined makes it difficult to know how different the World Bank’s portfolio would look absent a climate finance target.…
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For the first half of this week, I was at the seaside with my family. On Tuesday, with the help of new friends from across the beach, we built a pyramid. It was as tall as my younger daughter, and surrounded by a complex of moats, watchtowers and crenellated walls that spread far over…