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Trade is an important driver of economic growth around the world. CGD’s research focuses on how trade policies can support poverty reduction and economic growth in developing economies by promoting market access that opens the door to foreign investment and job creation.
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Whatever you think about Brexit, it doesn’t make sense to secure Britain’s economic future by adding red tape. Theresa May’s government wants to tamp down net migration. That’s has opened space for some new self-defeating proposals.
As China’s growth slowed in recent years, India surpassed it to become one of the world’s fastest growing economies. But can India sustain the pace, and will the rest of the region follow? Here's how South Asia can exploit today’s globalization opportunities more effectively.
Love it or hate it, Brexit implies some of the biggest changes to European trade and development policy in a generation. Decisions made over the next three years will have important consequences for people living in developing countries, possibly for decades to come. That is why we are scaling up our work at CGD to assess the policy choices realistically and find new opportunities to improve development outcomes.
A key argument for trade liberalization is that benefits are generally large enough to compensate the losers and leave no one worse off. In practice, compensation rarely occurs. So part of what is happening is the chickens are coming home to roost for policymakers, especially in the United States, who paid too little heed to the losers from trade. But there is more to the opposition to trade agreements, especially in Europe where the safety nets and adjustment programs are more robust.
When the Upper House of India’s parliament recently passed the landmark Goods and Service Tax (GST) legislation, India finally, after more than six decades of independence, became a truly common market. That could be a game changer for India’s development in the coming years.
While the United Kingdom (UK) is working out its relationship status with Europe, it will also have to resolve its trade relations with the rest of the world. The UK will need to establish the foundation on which new trade relationships will be built—that means bringing its membership in the World Trade Organization (WTO) up to date.
It’s been three weeks since the UK voted to leave the European Union in the move popularly known as Brexit, and the consequences are still becoming apparent. Senior fellow and director of CGD Europe Owen Barder joins the podcast from London this week to take a balanced look at possibilities for the UK’s future, and consider implications for the country and the developing world.
With election-year events crowding out the legislative calendar, there’s only so many more opportunities for the Senate to show its commitment to development and its interest in improving US development policy. Legislators still have a week and a half in town, and we were encouraged to see the Senate Foreign Relations Committee fit in an important hearing on the role of US foreign aid in spurring economic growth.