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1. The World Bank: Toward a Global Club

Author:
Nancy Birdsall
Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
In this Essay, CGD president Nancy Birds all describes the World Bank as a global club with a structure close to that of a credit union in which the members are nations. Its mission, as originally conceived—to promote broadly shared and sustainable global prosperity—serves the common interests of all its country members. In light of this, Birds all addresses the issues that arise with respect to its current governance structure and how these issues affect the Bank's legitimacy, effectiveness and relevance in the global system.
Topic:
Globalization, Political Economy, and Poverty

2. A Risky Business: Saving Money and Improving Global Health Through Better Demand Forecasts

Publication Date:
05-2007
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Today's global health programs will attain their objectives only if products appropriate to the health problems in low-and middle income countries are developed, manufactured and made available when and where they are needed. Achieving this requires mobilizing public and charitable money for more and better products to diagnose, prevent and treat HIV/AIDS, tuberculosis, malaria, reproductive health problems and childhood killers. But more money is only one part of the story. Weak links in the global health value chain—from research and development (R) through service delivery—are constraining on-the ground access to essential products. The consequences of those weak links are many: supply shortages, inefficient use of scarce funding, reluctance to invest in R for developing country needs and, most important, the loss of life among those who need essential products.
Topic:
Globalization, Health, Political Economy, and Poverty

3. It's One World Out There: The Global Consensus on Selecting the World Bank's Next President

Author:
David Wheeler
Publication Date:
06-2007
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
In May 2007 CGD launched an online survey of the global development community on three issues: the selection process for the next World Bank president; criteria for rating the candidates; and actual ratings for nine candidates who had been named by the international media. Between May 22 and May 31, CGD received nearly 700 responses from people whose characteristics reflect the diversity of the international development community. Survey participants represent 71 nations; all world regions; high-, middle- and low-income countries; a variety of professional affiliations; and all adult age groups. About 30% of respondents are women.
Topic:
Globalization, Political Economy, and Third World

4. Stormy Days on an Open Field: Asymmetries in the Global Economy

Author:
Nancy Birdsall
Publication Date:
02-2006
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
Openness is not necessarily good for the poor. Reducing trade protection has not brought growth to today's poorest countries, and open capital markets have not been good for the poorest households in emerging market economies. In this paper I present evidence on these two points. First, countries highly dependent on primary exports two decades ago, despite their substantial engagement in trade and a marked decline in their tariff rates in the 1990s, have failed to grow. Second, within high-debt emerging market economies the financial crises of the last decade, whether induced by domestic policy problems or global contagion, have been especially costly for the poor (in welfare terms if not in terms of absolute income losses). I discuss the asymmetries in the global economy that help explain why countries and people cannot always compete on equal terms on the “level playing field” of the global economy.
Topic:
International Relations, Economics, Globalization, and Political Economy

5. The Globalizers in Search of a Future: Four reasons why the IMF and World Bank must change, and four ways they can

Author:
Ngaire Woods
Publication Date:
04-2006
Content Type:
Working Paper
Institution:
Center for Global Development
Abstract:
The IMF and the World Bank have been effective engines of globalization. They employ the largest number of applied economists of any institution in the world, aggregating an awe-inspiring bank of economic data and applied research. Their data, standard-setting role, and global influence are prized by their wealthiest members. Poor countries borrow from them. In a globalizing world, we particularly need such institutions. So why are they now in decline?
Topic:
Development, Political Economy, and International Monetary Fund