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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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After two decades of neglect, interest in agriculture is on the rise. This new working paper by one of the leading thinkers in rural development argues that the reach and efficiency of rural infrastructure, coupled with effective investment in agricultural research and extension, hold the key to unlocking the potential of agriculture for poverty reduction.
Arvind Subramanian, a Division Chief in the Africa Department of the International Monetary Fund, and Aaditya Mattoo of the World Bank presented "The WTO and the Poorest Countries: The Stark Choices," analyzing the ways in which the World Trade Organization can accommodate the interests of small and poor countries, coauthored with Aaditya Mattoo of the World Bank.
Simon Maxwell, Director of the Overseas Development Institute, will discuss how Europeans and Americans view their own and each others’ strategies on development, suggesting possibilities for creating stronger connections. Todd Moss of the Center will serve as disscustant to Mr. Maxwell's remarks.
The Center for Global Development (CGD) and the Global Development Network (GDN) convened an experts' research workshop on quantifying the impact of developed countries' policies on developing countries, at CGD in Washington, DC, on October 23rd and 24th, 2003.
Trade Policy and Global Poverty by William Cline examines how changes in trade policies in the United States and other industrial countries could help reduce poverty in developing countries. Cline first reviews the extent of global poverty and its relationship to trade and growth. He then examines the key components of these relationships to identify lines of trade policy action that could help reduce global poverty.
The African Growth and Opportunity Act took effect in January 2001 to allow qualifying sub-Saharan African countries to export qualifying goods duty free to the US. The act was expressly designed to "increase trade and investment between the US and sub-Saharan Africa." The evidence over the short time since it was enacted reveals that: most of the AGOA benefits have gone to oil exporters; most of the imports eligible for duty-free treatment are still being taxed, notwithstanding their eligibility. This is probably due to logistical difficulties in claiming AGOA benefits. AGOA has not increased trade flows from eligible countries to the US yet there are structural features of the law which threaten to reduce its developmental impacts.