A New Climate Economy

2019-11-27T09:58:43-05:00November 26, 2019|

By Gita Bhatt

“Everybody talks about the weather, but nobody does anything about it.” The quip, attributed to 19th-century American humorist Mark Twain, might describe the current state of play on climate change. In Twain’s day, it was absurd to suppose humans could do anything about the weather. […]

Bridges to Growth, Not Roads to Nowhere: Scaling Up Infrastructure Investment in Low-Income Countries

2017-04-15T14:30:55-04:00December 3, 2010|

For low-income countries, the absence of reliable infrastructure—roads, railways, ports, but also power supply—has become an increasingly binding constraint on growth. And we know that investment in infrastructure can raise productivity, boost growth, and help reduce poverty. But as straightforward as it sounds, getting investment decisions right is no easy feat. The current fragile outlook for many advanced economies also means they’re less likely to be a big source of growth or financing for the foreseeable future. The key issue now is for low-income countries to unlock new sources of growth and investment financing. At the same time, the more robust recoveries of dynamic emerging market economies and their new status as development partners brings fresh perspectives.
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