Views from the Center

CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.

 

Is Daycare a Bad Investment for Latin America?

Two recent books reveal an internal debate about the value of childcare and women's work at the Inter-American Development Bank. Impact evaluations show home visitation programs are cheaper and better for kids than center-based childcare. But a new volume argues the cost-benefit calculation may change once impacts on women, and not just children, are added to the equation. 

How Leaders Condemning Trump’s Paris Pullout Can Match Words with Deeds on Climate

Last Thursday President Trump announced he’d withdraw the United States from the Paris climate agreement—a shameful act of self-harm. Condemnation has been swift, widespread, and gratifying. But if dangerous climate change is to be prevented then dissenting statements must be backed up with strong climate policies. Fortunately some countries, states, cities, and businesses are already matching words with deeds on climate. Here’s a rundown.

Do African Countries Consume Less (or More) Electricity than Their Income Levels Suggest?

 Are some countries too poor to consume a lot more energy? Or is income growth being held back by a lack of reliable and affordable electricity? While there is a strong relationship between energy consumption and income, the direction of causality is often far less clear. One way to estimate unmet demand may be to try to compare pairs of countries—e.g., how much additional energy does Kenya need to reach the level of Tunisia?

Leaving the Paris Climate Agreement Would Be a Shameful Act of Self-Harm

A decision by President Trump to remove the United States from the 2015 Paris climate agreement would be a shameful act of self-harm. The decision would hurt everyone in the world, and poor people most, by making it harder to avoid a future of bigger storms and fires, disappearing coastlines, and tougher crop-growing conditions. But the most severe and immediate harm would be to the United States, which by banishing itself from the community of nations trying to prevent dangerous climate change would irrevocably damage its global standing.

What Economists Can Learn from the Mariel Boatlift, Part Two: Answering Questions about Our Research

Last week I blogged about a research discovery. An influential study had found that a 1980 wave of Cuban refugees into Miami, known as the Mariel Boatlift, had caused the wages of workers there to fall dramatically. In a new paper co-released by CGD and the National Bureau of Economic Research, my co-author and I revealed that large shifts in the racial composition of the underlying survey data could explain most or all of the same fall in wages. The author of the previous study, George Borjas, raised two substantive questions about our research, which I answer briefly in this post.

Five Innovations at the AIIB

We visited the AIIB a few weeks ago, and heard more about the emerging AIIB model: What is likely to be the same—as at the five big legacy banks (the World Bank and the four regional development banks) and what is likely to be different.

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