Global Prosperity Wonkcast

 

Archive for April, 2010

 

Paul Romer’s Bold New Idea for Charter Cities

April 26, 2010

Posted by in Economic Growth, Global Development, Globalization, Governance/Democracy, Migration and Development, Population and Development Tags: , , , ,

Paul RomerThe planet’s population will swell by two to three billion people over the next few decades. Where will all those people live? My guest on this week’s Global Prosperity Wonkcast has a bold new idea. Paul Romer is a senior fellow at the Stanford Institute for Economic Policy Research, a non-resident fellow here at the Center for Global Development, and one of the world’s leading growth economists. He is proposing brand new cities—he calls them ‘charter cities’—built from the ground up with sound rules designed to promote swift development.

The two ideas at the heart of Paul’s proposal are, first, that good rules are fundamental to development and, second, that new cities might be able to draw their rules, people, and land from different sources. He argues that inadequate property rights, legal systems, and other types of rules hold back development in poor countries. If the residents of a poor country could choose to live in a new city, governed by the rules of a well-functioning country, they might benefit enormously. If good rules are in place, Paul says, where that city is located doesn’t matter much.

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Fighting Corruption in Nigeria: Nuhu Ribadu

April 19, 2010

Posted by in Africa, Fragile States, Governance/Democracy Tags: , , ,

Nuhu RibaduCan a few brave souls make a difference in the fight against corruption? My guest on the Global Prosperity Wonkcast this week is Nuhu Ribadu, the former head of Nigeria’s Economic and Financial Crimes Commission or EFCC and a visiting fellow here at the Center for Global Development. Nuhu is working on a manuscript that tells the story of his four years (2003-2007) at the helm of the EFCC during which he won more than 275 convictions and recovered an astonishing $5 billion in stolen assets.

Nuhu explains the circumstances that led Nigeria to create the EFCC, starting with the 1999 democratic elections, the first in 16 years. The new president, Olusegun Obasanjo, had campaigned on an anti-corruption platform. The September 11, 2001 terrorist attacks provided an additional push, heightening international awareness of the illicit financial flows that enable terrorist networks and political corruption alike. As a result, in late 2001 Nigeria found itself on an international blacklist of countries that enable money laundering, a list maintained by the independent Financial Action Task Force. It took nearly two years for Nigerian officials to realize they were on this black list and take action to get off of it. When they finally acted, they created the EFCC, a new office charged with cracking down on money laundering.

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Nick Kristof on Story Telling and Development

April 12, 2010

Posted by in Global Development Tags: , ,

Nick KristofHow can people who care about international development interest the public? Last month, CGD hosted award-winning New York Times columnist Nick Kristof, one of the world’s most powerful voices on issues ranging from women’s rights to global health to genocide. In this special edition of the Global Prosperity Wonkcast, I’ve put together excerpts of Nick’s remarks and the question and answer session that followed. For those of us who were in the room, it was a valuable glimpse into how Nick thinks about his work and his audience.

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