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Global poverty is decreasing, but billions of people still do not have the resources they need to survive and thrive. Economic growth can reduce poverty, but it can also drive inequality that generates social and economic problems. And efforts at domestic resource mobilization through taxation, though critical to funding the SDGs, can negatively impact the poor. In this work, CGD experts offer suggestions to improve how the world tracks and tackles poverty and the inequities the international global system creates.
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What policies could help Latin America achieve accelerated, sustained growth that reduces poverty and inequality? CGD senior fellow Liliana Rojas-Suarez describes the framework for growth outlined in the book Growing Pains in Latin America and its practical policy recommendations.
Join us as we launch CGD’s newest book, Growing Pains in Latin America: An Economic Growth Framework as Applied to Brazil, Colombia, Costa Rica, Mexico, and Peru. The book’s principal author and editor, CGD senior fellow Liliana Rojas-Suarez, will address the central issues posed in this book: Beyond the current global crisis, what can Latin American countries do to accelerate economic growth on a sustainable basis? How can policymakers address the fact that the benefits of market-oriented reforms have yet to reach important segments of the population? Alejandro Foxley, one of the architects of Chile’s highly successful reforms in the 1990s, and a former minister of finance and foreign affairs, will discuss the book’s key recommendations. Growing Pains in Latin America is based upon the work of a Task Force comprising the region’s top scholars and economic policy practitioners. They examined past reforms to determine what worked and what failed to increase growth and reduce inequality, then devised a policy framework based on the region’s unique characteristics: Latin America is the most democratic and financially open region of the developing world, but also the most inequitable. In the case studies, other experts apply the framework to five countries to offer innovative yet practical policy proposals.
Decisions made at the G-20 Summit in Pittsburgh will have far-reaching implications for billions of people around the world. But a billion people who live in the world’s smallest and poorest countries have no representative at the table. And hundreds of millions of other desperately poor people who live in the emerging powers have little assurance that their concerns will be represented.
A panel discussion at the University of Pittsburgh on the eve of the Summit aims to address this problem. Participants in the panel—current and former senior officials, plus leading experts and advocates for global poverty reduction—will offer a variety of perspectives on the G-20 response to the global economic crisis and the challenges ahead, with a focus on the well-being of the world’s poor.
The emigration of skilled workers from developing countries is often referred to as brain drain and considered something that should be limited. In this paper, resident fellow Michael Clemens takes the term to task and shows instead that a more open skill flow—a more accurate and neutral label—would both benefit home countries and guarantee workers the freedom that is the hallmark of development.