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Independent research & practical ideas for global prosperity
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Independent research & practical ideas for global prosperity
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Global Prosperity Wonkcast
Archive for September, 2011A Moveable Feast of Meetings—Owen BarderSeptember 27, 2011Posted by Lawrence MacDonald in G-20, IMF, World Bank Tags: G-20, IMF, UNGA, World Bank
In this week’s Wonkcast, Owen Barder, CGD senior fellow, director of our European program, and host of the podcast Development Drums, updates us on the state of the development debate in these global gatherings. I also invite him to reflect on whether such confabs, including the last week’s UN General Assembly in New York and November’s upcoming High Level Forum on Aid Effectiveness in Busan, South Korea, ultimately make any difference. His conclusion can be summed up simply: “can’t live with em, can’t live without em.” Read More… Podcast: Play in new window | Download 1 Comment »Eclipse: Living in the Shadow of China’s Economic Dominance: Arvind SubramanianSeptember 20, 2011Posted by Lawrence MacDonald in China Tags: BRICs, China
Sound like science fiction? To Arvind Subramanian, a joint-fellow at the Peterson Institute and the Center for Global Development, it’s more like economic inevitability – a world in which the United States has no choice but to cede global leadership to China—and accept it’s terms, which in this imaginary case includes withdrawal from the Western Pacific. Arvind joins me on this week’s Wonkcast to explain the careful quantitative analysis that underpins that startling opening passage from his new book Eclipse: Living in the Shadow of China’s Economic Dominance. Podcast: Play in new window | Download Comment »Migration and the Trillion Dollar Bills on the Sidewalk: Michael ClemensSeptember 7, 2011Posted by Lawrence MacDonald in Migration and Development Tags: Migration and Development
Take the topic of so-called “brain drain.” While plenty of research has gone into documenting the exodus of skilled workers from developing countries, Michael says, little research has examined the actual effects of these departures on those left behind—and even less has considered the welfare gains to those who move. “When people talk about migration at the international level, they tend to only focus on the costs,” says Michael. “This negative labeling happens to such a degree that they eventually define the movement with a pejorative little rhyme, brain drain.” Podcast: Play in new window | Download 1 Comment »
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Last week finance ministers and central bankers from around the globe convened in Washington for the annual meetings of the international Monetary Fund and World Bank. While the press and many of the meeting participants focused on the unfolding European financial crisis, below the radar there was plenty of discussion on development issues, including on the legacy of the Seoul Development Consensus and the role of development in the upcoming G-20 Summit in France.
“February 2021. It’s a cold blustery morning in Washington. The newly inaugurated president of the United States is on his way to the office of the Chinese managing director of the IMF to sign the agreement under which the IMF will provide 3 trillion dollars in emergency financing to the U.S. and the conditionality to which the U.S. will have to adhere.” 
If you found a trillion-dollar bill on the sidewalk, would you pick it up? 
