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Begin New Search Author Homi Kharas Publication Year within 10 Years

1. The New global agenda and the future of the multilateral development bank system

Author:
Amar Bhattacharya, Homi Kharas, Mark Plant, and Annalisa Prizzon
Publication Date:
02-2018
Content Type:
Special Report
Institution:
The Brookings Institution
Abstract:
The new global agenda, with Agenda 2030 at its core, is ambitious, comprehensive, and universal. The three central goals now are to reignite growth, deliver on the sustainable development goals (SDGs), and meet the ambitions of the Paris climate agreement aimed at mitigating climate change and adapting to its effects. Achieving these goals will require a significant scaling up and reorientation of investments, especially for sustainable infrastructure and human development. Implementing this agenda is urgent, as the world is witnessing the largest wave of urban expansion in history and more infrastructure will come on stream over the next 15 years than the world’s existing stock. This is also the last opportunity to manage remaining significant demographic transitions.
Topic:
International Affairs and International Development
Political Geography:
Global Focus

2. Leave no Country behind: Ending poverty in the poorest places

Author:
Geoffrey Gertz and Homi Kharas
Publication Date:
02-2018
Content Type:
Research Paper
Institution:
The Brookings Institution
Abstract:
The past 15 years saw the most rapid decline in global poverty ever, with the Millennium Development Goal (MDG) of halving the global poverty rate reached several years ahead of schedule. Building on this, governments around the world committed to a new set of Sustainable Development Goals (SDGs), including ending extreme poverty everywhere by 2030.
Topic:
International Political Economy
Political Geography:
Global Focus

3. Is a growing middle class good for the poor? Social policy in a time of globalization

Author:
Raj M. Desai and Homi Kharas
Publication Date:
07-2017
Content Type:
Special Report
Institution:
The Brookings Institution
Abstract:
Does an expanding middle class benefit society’s poorest? Much has been written recently about the rapid growth of the middle class as well as the rapid fall in absolute poverty (Kharas 2017; Kocharand Oates 2015; Burrows 2015). However, few studies seek to link these two trends. It is worth emphasizing at the outset that a growing middle class and a falling poverty rate are not simply two sides of the same coin; there is a large “vulnerable” (or near poor) cohort between the poorest individuals and the middle class. Additionally, the trends can be quite different. In the United States, for example, the percentage of middle-class households has steadily fallen since the 1970s, while the portion of households in the lowest income brackets has remained steady (Kochhar,Fry, and Rohal 2015). Similar trends have occurred in the European Union since the early 2000s (ILO 2015). By contrast, in sub-Saharan Africa and Latin America, most of those lifted out of poverty appear to have joined the ranks of the vulnerable rather than the middle class (Calvo-Gonzalez 2017; Chandy 2015). There, the middle class has stagnated despite reductions in poverty.
Topic:
International Affairs and Global Political Economy
Political Geography:
Global Focus

4. U.S. global development leadership in a changing world

Author:
Homi Kharas
Publication Date:
08-2017
Content Type:
Special Report
Institution:
The Brookings Institution
Abstract:
“Foreign assistance” combines two of the least popular words in United States politics. Since the end of the Cold War, isolationism has slowly weakened internationalism, perhaps because of the growing feeling that foreigners are freeloading on the U.S. as the world’s policeman and problem solver. Some indicators of popular attitudes toward foreign assistance are concerning, although these are not all consistent with each other. A 2016 Pew Survey found far more Americans responding that the U.S. does too much in terms of solving global problems (41 percent) than too little (27 percent). Similarly, a significant majority (57 percent) think that the U.S. should deal with its own problems and let others deal with theirs as best they can.
Topic:
International Affairs and International Development
Political Geography:
Global Focus

5. Multilateralism under stress

Author:
Homi Kharas
Publication Date:
07-2017
Content Type:
Special Report
Institution:
The Brookings Institution
Abstract:
The multilateral development system, led by the United States, has guided development cooperation by Organization for Economic Cooperation and Development (OECD) countries, evolving gradually through new institutions and new norms since World War II. Organized by a small group of like-minded countries, multilateralism has been a way of managing burden-sharing among donors and of delivering public goods. These functions are now under stress. According to a poll conducted in December 2016 by the Program for Public Consultation at the University of Maryland, most Americans (59.3 percent) support the statement that “when giving foreign aid, it is best for the U.S. to participate in international efforts, such as through the United Nations. This way it is more likely that other countries will do their fair share and that these ef- forts will be better coordinated.” However, a majority of Republican voters disagree, believing that it is better for the U.S. to provide aid on its own, to ensure control over how money is spent and to gain recognition for its generosity.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
Global Focus

6. The post-2015 agenda and the evolution of the World Bank Group

Author:
Homi Kharas
Publication Date:
09-2015
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
The Addis Ababa Action Agenda reaffirms the central role of development banks in providing concessional and non-concessional long-term financing, countercyclical financing, guarantees and leverage, policy advice, capacity building, and other support to the post-2015 agenda. "We recognize the significant potential of multilateral development banks and other international development banks in financing sustainable development and providing know-how. We stress that development banks should make optimal use of their resources and balance sheets, consistent with maintaining their financial integrity, and should update and develop their policies in support of the post-2015 development agenda, including the sustainable development goals (SDGs)."
Topic:
Development, International Trade and Finance, Treaties and Agreements, United Nations, and World Bank
Political Geography:
Global Focus