After a longer-than expected settling in period, the Obama administration is finally moving on trade policy. What is unclear - and the early signs are troubling - is whether U.S. policy will also encompass the president's promise to use trade as a tool of development.
International extractive companies and their governments should work to make the Extractive Industry Transparency Initiative (EITI) require all EITI-compliant countries to require individual company-by-company reporting.
In this note, CGD fellow Kimberly Ann Elliott discusses how flexible rules of origin can improve trade for the least developed countries.
The United States ranked 17th in the 2009 Commitment to Development Index with strengths in trade and security but weaknesses in aid and environment. This CGD Note describes how the United States could boost its score.
Stimulating Pakistani Exports and Job Creation: Special Zones Won’t Help Nearly as Much as Cutting Tariffs across the Board
Cutting tariffs across the board on Pakistani exports would expand economic opportunities and increase stability in Pakistan with vanishingly small effects on U.S. producers.
Intellectual Property Rights and Climate Change: Principles for Innovation and Access to Low-Carbon Technology
As the United Nations Framework Convention on Climate Change (UNFCCC) meeting convenes this month in Copenhagen, Denmark, intellectual property (IP) rights remain a highly contentious issue that threatens the long-term prospects of these negotiations. This note describes an approach that would facilitate the uptake of clean technologies, preserve incentives for privately financed innovation, and allow the Parties to address and move past the issue of IP rights in the UNFCCC negotiations.
Much like 2008, the world rice market seems destined for another price shock, with very aggressive buyin techniques by the Philippines fueling the run-up in prices.
CGD policy analyst Lindsay Morgan summarizes the global health agendas various organizations have recommended to the Obama administration. She finds that the calls for a smarter, more harmonized, results-based global health agenda are clear.
UK Prime Minister Gordon Brown and U.S. President Barack Obama are both committed to boosting funding for global education. CGD visiting fellow Desmond Bermingham, the former head of the Education for All–Fast Track Initiative, offers suggestions about making the most of additional U.S. assistance for the two leaders to consider when they meet this week in the White House.
Five billion people in developing countries are innocent victims of the global economic crisis. How well they cope will be crucial to sustained global recovery. In this CGD Note, Nancy Birdsall estimates that developing countries may need $1 trillion for bank rescues, for fiscal stimulus, and to maintain their minimal social safety nets over the next couple of years. She then explains how these funds could be unlocked from existing resources.
Total U.S. development assistance has fallen 22 percent since 2005 from $27.9 billion to $21.8 billion in 2007. In real terms, this was the smallest amount since 2002, excluding assistance to Iraq, Afghanistan, and HIV/AIDS programs. Senior fellow Steve Radelet and his coauthors examine the decline, and ask whether President Bush's pledge to double assistance to Africa is likely to be realized or not.
Cell phones are transforming markets in low-income countries, especially in rural sub-Saharan Africa. In this CGD Note, post-doctoral fellow Jenny Aker documents the positive impact of cell phones in Niger, which the UN ranks as the world’s poorest country. Aker finds that phones are associated on average with a 20 percent reduction in grain price differences across markets — an effect that grows as cell phone coverage expands.
In September 2008 official aid donors and recipients will meet in Accra, Ghana, to discuss how to make development assistance more effective. CGD president Nancy Birdsall and co-author Kate Vyborny suggest that advocates of better aid who really want a win at Accra forget haggling over broad conceptual issues and focus instead on getting a public commitment from donors to one or more very concrete steps to improve aid effectiveness and to hold donors accountable.
Unlike East Asia and Europe, Latin America lacks a shared integration strategy and continues to struggle with a burdensome investment climate. In this new CGD Note, visiting fellow Nancy Lee suggests a fresh approach to regional integration in the form of a proposed regional investment agreement. The idea is a collective effort to set common standards for reducing specific barriers to domestic and foreign investment. Beyond its benefits for growth, such an agreement could boost the incomes of the poor by helping small businesses trapped in the informal sector move into the more productive formal sector.
The loss of rice production in Myanmar is worsening the crisis in world rice markets, where prices have trebled this year. Meanwhile, Japan has 1.5 million tons of surplus rice, most of it imported from the U.S. Releasing this rice to global markets would prick a speculative bubble and bring rice prices down fast, while also encouraging China and Thailand to release their surplus stocks. But first Washington must lift its objections and Japan must decide to re-export rice that it imported from the U.S., Thailand, and Vietnam. Failure to act would mean that high-quality U.S. rice would be fed to Japanese pigs and chickens while millions of poor people suffer from hunger and malnutrition. Tom Slayton, a former editor of The Rice Trader, and Peter Timmer, CGD non-resident fellow and visiting professor at Stanford University, explain how prompt action could prevent the rice price crisis from becoming a hunger crisis.
With President Bush's trip to Africa making headlines this week, CGD senior fellow Steve Radelet and research assistant Sami Bazzi offer a close look at the latest U.S. foreign assistance numbers. Bottom line: although America's aid has more than doubled since 2000, the new money went mostly to Iraq, Afghanistan and a small number of debt relief operations; and almost all was allocated through bilateral rather than multilateral channels. Assistance to Africa more than quadrupled from $1.5 billion in 1996 to $6.6 billion in 2006 and has been enormously important in funding humanitarian relief and HIV/AIDS programs. But even with the increases, U.S. assistance to Africa still averages less than $9 per African per year. And U.S. assistance for Africa has become less selective: since 2000 the shares going to the poorest countries and to the best-governed countries have fallen.
The President's Emergency Plan for AIDS Relief (PEPFAR) provides more than $5 billion per year to prevent and treat HIV/AIDS. Exactly how is that money spent? Donors, recipients, and even PEPFAR staff are often left guessing, because much of the extensive data the U.S. government collects on the program isn't released. In this new CGD note, Michael Bernstein and Sarah Jane Staats (Hise) urge the U.S. Congress to require that PEPFAR regularly release this data. They argue that this would improve coordination between PEPFAR and other donors, help PEPFAR staff assess progress and hold recipients accountable, and increase cost-effectiveness. Some of the data will soon be available anyway: CGD's HIV/AIDS Monitor is preparing to release PEPFAR funding data for Fiscal Years 2004-2006 obtained by a partner organization through a Freedom of Information Act request.
A White House conference on social justice in Latin America this week may signal a shift to U.S. engagement with the region that goes beyond security, free trade, and anti-narcotics efforts. CGD president Nancy Birdsall and Peter Hakim, president of the Inter-American Dialogue, suggest seven ways that the U.S. could more effectively support Latin American efforts to address persistent inequality--starting with a more effective approach on trade and drugs.