1st World Bank-GWU-UVA Research Conference on “The Economics of Sustainable Development”

Wednesday, November 29th, 2023
8:00 AM – 7:30 PM

Hybrid

The World Bank, in collaboration with George Washington University (GWU) and the University of Virginia (UVA), will host the 1st World Bank-GWU-UVA Conference on “The Economics of Sustainable Development”.

This hybrid conference will be held at the World Bank headquarters in Washington DC on November 29, 2023, from 8:00 a.m. to 6:00 p.m. ET and available via livestream. Coffee and lunch will be provided for in-person attendees. The conference will be followed by a reception at GWU from 6:00 p.m. to 7:30 p.m. ET.

The conference will bring together academics and development economics practitioners to present and discuss pressing questions relating to sustainable development, a theme that is central to the World Bank’s mission of tackling poverty on a liveable planet.

This theme is of increasing importance due to the growing recognition that a commitment to development and tackling poverty is unviable without an equal commitment to the urgency of addressing climate change, pollution, and environmental degradation.

The conference will cover various topics, including biodiversity and forests, the economics of natural resources, and pollution. Furthermore, given Africa’s heavy reliance on renewable natural resources and its vulnerability to climate change impacts, there will be a particular focus on frontier work related to Africa.

Supported by the GW University Seminar Series on Domestic and International Perspectives on Climate Change and Water Management.

Conference Agenda

Welcoming remarks 8.00-8.15

Richard Damania (Chief Economist for Sustainable Development, World Bank) – 5 min

Andrew Dabalen (Chief Economist for Sub-Saharan Africa (SSA), World Bank) – 5 min

Sheetal Sekhri (UVA) or Molly Lipscomb (UVA) – 1 min

Remi Jedwab (GWU) – 1 min

Session 1 – 8.15-10.00 – Biodiversity and Forests

Each paper has 20 min without interruptions + 10 min Q&A

8.15-8.45 Paper 1: Raahil Madhok (Minnesota), Infrastructure, Institutions, and the Conservation of Biodiversity in India [South Asia]

8.45-9.15 Paper 2: Teevrat Garg (UCSD), Agricultural Productivity and Deforestation [SSA]

9.15-9.45 Paper 3: Anna Papp (Columbia), Rain Follows the Forest: Land Use Policy, Climate Change, and Adaptation [North America]

9.45-10.00 Policy discussion: Nancy Lozano Gracia (Lead Economist, Latin America and the Caribbean, Sustainable Development Practice Group, World Bank)

Coffee Break – 10.00-10.30

Session 2 – 10.30-12.15 – The Economics of Natural Resources

Chair: Richard Damania (Chief Economist, Sustainable Development Practice Group, World Bank)

Each paper has 20 min without interruptions + 10 min Q&A

10.30-11.00 Paper 1: Wolfram Schlenker (Columbia), Cooling Externality of Large-Scale Irrigation [North America]

11.00-11.30 Paper 2: Ryan Brown (CU-Denver), Reinforcing Inequality: Consequences of Elevated Fluoride Exposure and Inequitable Mitigation [South Asia]

11.30-12.00 Paper 3: Witold Więcek (University of Chicago), Water Treatment and Child Mortality: A Meta-Analysis and Cost-effectiveness Analysis.

12.00-12.15 Policy discussion: Hanan Jacoby (Lead Economist, Sustainability and Infrastructure Team, Development Research Group, World Bank)

Lunch Break – 12.15-1.00

Keynote – 1.00-2.00

1.00-1.05 Introduction

1.05-1.35 Keynote – Andrew Foster (Brown)

1.35-1.55 Policy discussion

Session 3 – 2.00-3.15 Climate Change in Africa and Asia

Chair: Andrew Dabalen (Chief Economist, Africa Region, World Bank)

Each paper has 12 min without interruptions + 8 min Q&A

2.00-2.20 Paper 1: Lucile Laugerette (F) (ENS-Lyon) and Mathieu Couttenier (M) (ENS-Lyon) – Groundwater, Climate Change and Conflict: Evidence from Africa [SSA]

2.20-2.40 Paper 2: Bruno Conte (M) (UPF) – Future Climate Change and Sub-Saharan Africa’s Regional Lake Economies [SSA]

2.40-3.00 Paper 3: Gaurav Chiplunkar (M) (UVA) – Environmental Markets and Misallocation: Evidence from Ground Water Availability in India [South Asia]

3.00-3.15 Policy discussion: Carolyn Fischer (Research Manager, Sustainability and Infrastructure Team, Development Research Group of the World Bank)

Coffee Break – 3.15-3.40

Session 4 – 3.40-5.45 – Air Pollution

Chair: Dina Umali-Deininger (Regional Director for South Asia, Sustainable Development Practice Group, World Bank)

3.40-4.00 Introductory presentation: Christa Hasenkopf (EPIC, University of Chicago): Insights from the latest Air Quality Life Index report, with a specific focus on sub-Saharan Africa [SSA]

Each of the following three papers has 20 min without interruptions + 10 min Q&A

4.00-4.30 Koichiro Ito (Chicago). International Spillover Effects of Air Pollution: Evidence from Mortality and Health Data. [EAP]

4.30-5.00 Saad Gulzar (M) (Princeton). Administrative Incentives Impact Crop-Residue Burning and Health in South Asia. [South Asia]

5.00-5.30 Susanna Berkouwer (Wharton): Private Actions in the Presence of Externalities: The Health Impacts of Reducing Air Pollution Peaks but not Ambient Exposure

5.30-5.45 Policy discussion: Helena Naber (Senior Environmental Specialist, Environment and Natural Resources Global Practice, World Bank)

The Future of Global Poverty Alleviation Through Social Business

Friday, March 24th, 2023
9:30-10:30 p.m EDT
In-Person

About the Speaker:

Picture of Muhammad YunusNobel Laureate Professor Muhammad Yunus is the founder of Grameen Bank, pioneering the concepts of microcredit and social business, founding more than 50 Social Business companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” At the Opening Ceremony of the Olympic Games Tokyo 2020 Professor Yunus was conferred with the Olympic Laurel award for his extensive work in sports for development, bringing the concept of social business to the sports world.
In 2006, Professor Yunus and Grameen Bank were jointly awarded Nobel Peace Prize.

Dr. Yunus is the recipient of 63 honorary degrees from universities across 26 countries. He has received 143 awards from 33 countries including state honours from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United State Presidential Medal of Freedom and the United States Congressional Gold Medal. He has appeared on the cover of Time magazine, Newsweek and Forbes magazine. In 2016 GWU awarded him the President’s Medal in recognition of his service.

Professor Yunus has been stressing the need for a basic decision of ‘No Going Back’ to the old ways of thinking and doing. He proposes to create new roads to go to a new destination by creating a World of 3 Zeros – zero net carbon emission, zero wealth concentration for ending poverty once for all, and zero unemployment by unleashing entrepreneurship in everyone.

His recent focuses are:

a) Professor Yunus has been campaigning for making the Covid 19 Vaccine as a Global Common Good since June, 2020, urging the World Trade Organization to place a temporary waiver on Intellectual Property right on vaccine to free up the global capacity to produce vaccines at all locations around the world.

b) Professor Yunus has launched a programme of creating a network of 3ZERO Clubs, each club to be formed by five young people. The programme aims to engage the global youth in initiating actions for creating solutions for global problems

Nobel Laureate Muhammad Yunus on The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions

Thursday, October 27th, 2022
9:00 a.m. – 10 a.m. ET
Lindner Family Commons
Elliott School of International Affairs
1957 E Street, NW, 6th Floor
and Virtually via Zoom

We are pleased to invite you to a conversation with Nobel Peace Prize laureate Muhammad Yunus, the founder of the Grameen Bank in Bangladesh who created a model for combating poverty through microlending. He is the author of three books, including Banker to the Poor and A World of Three Zeroes: The New Economics of Zero Poverty, Zero Unemployment, and Zero Carbon Emissions. The event will be moderated by Prof. James Foster, Oliver T. Carr Jr Professor of International Affairs and Professor of Economics at the George Washington University. Prof. Foster is known for developing the Global Multidimensional Poverty Index (MPI) along with Dr. Sabina Alkire. Elliott School Dean Alyssa Ayres will provide welcome remarks.

Coffee and breakfast will be provided for in-person attendees.

About the Speaker:

Picture of Muhammad YunusNobel Laureate Professor Muhammad Yunus is the founder of Grameen Bank, pioneering the concepts of microcredit and social business, founding more than 50 Social Business companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” At the Opening Ceremony of the Olympic Games Tokyo 2020 Professor Yunus was conferred with the Olympic Laurel award for his extensive work in sports for development, bringing the concept of social business to the sports world.

In 2006, Professor Yunus and Grameen Bank were jointly awarded Nobel Peace Prize.

Dr. Yunus is the recipient of 63 honorary degrees from universities across 26 countries. He has received 143 awards from 33 countries including state honours from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United State Presidential Medal of Freedom and the United States Congressional Gold Medal. He has appeared on the cover of Time magazine, Newsweek and Forbes magazine. In 2016 GWU awarded him the President’s Medal in recognition of his service.

Professor Yunus has been stressing the need for a basic decision of ‘No Going Back’ to the old ways of thinking and doing. He proposes to create new roads to go to a new destination by creating a World of 3 Zeros – zero net carbon emission, zero wealth concentration for ending poverty once for all, and zero unemployment by unleashing entrepreneurship in everyone.

His recent focuses are:

a) Professor Yunus has been campaigning for making the Covid 19 Vaccine as a Global Common Good since June, 2020, urging the World Trade Organization to place a temporary waiver on Intellectual Property right on vaccine to free up the global capacity to produce vaccines at all locations around the world.

b) Professor Yunus has launched a programme of creating a network of 3ZERO Clubs, each club to be formed by five young people. The programme aims to engage the global youth in initiating actions for creating solutions for global problems.

Welcome Remarks:

Picture of Alyssa AyresAlyssa Ayres was appointed Dean of the Elliott School of International Affairs at George Washington University effective February 1, 2021. Ayres is a foreign policy practitioner and award-winning author with senior experience in the government, nonprofit, and private sectors. From 2013 to 2021, she was senior fellow for India, Pakistan, and South Asia at the Council on Foreign Relations (CFR), where she remains an adjunct senior fellow. From 2010 to 2013 Ayres served as deputy assistant secretary of state for South Asia. During her tenure at the State Department in the Barack Obama administration, she covered all issues across a dynamic region of 1.3 billion people at the time (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka) and provided policy direction for four U.S. embassies and four consulates.

Her work focuses primarily on India’s role in the world and on U.S. relations with South Asia in the larger Indo-Pacific. Her book about India’s rise on the world stage, Our Time Has Come: How India is Making Its Place in the World, was published by Oxford University Press in January 2018 and was selected by the Financial Times for its “Summer 2018: Politics” list. An updated paperback edition was released in 2019. She served as the project director for the CFR-sponsored Independent Task Force on U.S.-India relations, and, from 2014 to 2016, as the project director for an initiative on the new geopolitics of China, India, and Pakistan supported by the MacArthur Foundation.

About the Moderator:

Picture of James FosterProfessor James Foster is the Vice Dean of the Elliott School of International Affairs, Oliver T. Carr, Jr. Professor of International Affairs, and Professor of Economics at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autonoma del Estado Hidalgo (Mexico).

IMF Africa REO

Wednesday, November 16th, 2022

10:00 a.m. – 12:00 p.m.

via Zoom and In-Person

We are pleased to invite you to an event titled “Living on the Edge: A Discussion of the IMF’s Africa Regional Economic Outlook” on Wednesday, November 16th, 2022 from 10:00 am – 12:00 pm EST. This event will feature two panels. The first panel, “Building a More Food-Secure Sub-Saharan Africa” will feature IMF presenters Ivanova Reyes (IMF) and Qianqian Zhang (IMF) alongside discussant Moses Kansanga (GW). The second panel, “Managing Oil Price Uncertainty and the Energy Transition,” will feature IMF presenter Hany Abdel-Latif (IMF) alongside discussant Robert J. Weiner (GW). Catherine Pattillo, a Deputy Director in the IMF’s African Department, will provide welcome remarks alongside IIEP Director Steve Suranovic. This event is co-sponsored by the Institute for African Studies.

Sub-Saharan Africa’s (SSA) recovery has been abruptly interrupted. Last year, activity finally bounced back, lifting GDP growth in 2021 to 4.7 percent. But growth in 2022 is expected to slow sharply by more than 1 percentage point to 3.6 percent, as a worldwide slowdown, tighter global financial conditions, and a dramatic pickup in global inflation spill into a region already wearied by an ongoing series of shocks. Rising food and energy prices are impacting the region’s most vulnerable, and public debt and inflation are at levels not seen in decades. Against this backdrop, and with limited options, many countries find themselves pushed closer to the edge. The near-term outlook is extremely uncertain as the region’s prospects are tied to developments in the global economy and with a number of countries facing difficult sociopolitical and security situations at home. Within this challenging environment, policymakers must confront immediate socioeconomic crises as they arise, while also endeavoring to reduce vulnerabilities to future shocks, building resilience. Ultimately, however, the region’s safety and prosperity will require high-quality growth and the implementation of policies that will set the stage for a sustainable recovery, helping countries move away from the edge.

Agenda

10:00-10:10 – Welcome and conjuncture chapter – IIEP Director Steve Suranovic and IMF Africa Deputy Director Catherine Pattillo

10:10-10:55 – Panel 1 – Building a More Food-Secure Sub-Saharan Africa
Ivanova Reyes Peguero and Qianqian Zhang – IMF Presenters
Moses Kansanga, GW Discussant
Moderator and Audience Q&A

10:55-11:10 – Coffee Break

11:10-11:55 – Panel 2 – Managing Oil Price Uncertainty and the Energy Transition
Hany Abdel-Latif – IMF Presenter
Robert Weiner, GW Discussant
Moderator and Audience Q&A

11:55-12:00 – Wrap-up

Welcoming Remarks:

Catherina Pattillo is a Deputy Director in the IMF’s African Department where she oversees work on several countries, as well as on climate change, capacity development, gender and research. Since joining the Fund from a position at Oxford University, she has worked in the Fiscal Affairs Department where she was chief of the division responsible for the IMF’s Fiscal Monitor, the Research Department, and on countries in Africa and the Caribbean, and the Strategy, Policy and Review Department where she worked on low-income country issues, and emerging issues such as gender, inequality, and climate change. She has published in these areas, as well as on Sustainable Development Goals, firm dynamics in sub-Saharan Africa, growth, investment, debt, monetary and exchange rate policies, aid, and currency crises. She received her Ph.D in Economics from Yale University.

Steve Suranovic is the Director at the Institute for International Economic Policy and an Associate Professor of Economics and International Affairs at the George Washington University.  He is the current Director of the GW Global Bachelor’s program (Shanghai), and a former Director of the Elliot School’s Masters in International Economic Policy.  He teaches courses in international economics and microeconomics principles.  His research includes theoretical analysis of the role of ethics in economics, international trade policy, behavioral models of addiction, energy policy, and climate change policy.  (RePEcGoogle ScholarResearch GateSSRN)

Professor Suranovic received his B.S. in mathematics from the University of Illinois at Urbana/Champaign and his M.S. and Ph.D. in economics from Cornell University. He has published in numerous academic journals, including the Journal of International Economics, the Canadian Journal of Economics, World Economy, and the Journal of Health Economics. His book titled, “A Moderate Compromise: Policy Choice in an Era of Globalization,” published by Palgrave-Macmillan, offers a critique of current methods of policy evaluation and choice and suggests a simple, principled, and moderate alternative.  He also has several textbooks about International Economics published by Flat World Knowledge. Professor Suranovic maintains two educational websites. The International Economics Study Center features a free online international economics textbook, and a complete Survey of International Economics course that includes a textbook, PPT presentations, video lectures, and problem sets.  The Ethical Economics Study Center features a collection of primers highlighting the role of ethical behavior in fostering good (or efficient) economic outcomes.  It also features case studies, including selected movie reviews, demonstrating how unethical behavior is often responsible for the negative outcomes attributed to free markets.

Panelists:

Ivanova Reyes is an economist working in the Regional Studies Division of the International Monetary Fund’s African Department.  Prior to joining the IMF, she worked at Gettysburg College, the World Bank, Inter-American Development Bank, Ministry of Economy of the Dominican Republic (DR), Superintendency of Pensions of the DR and Pontificia Universidad Catolica (PUCMM) of DR.  She holds a PhD in Economics from American University, a masters in economics from Georgetown University and a masters in applied macroeconomics from the Pontificia Universidad Catolica (PUC) of Chile.  Her research is focused on analyzing the impact of China’s economy on Latin America and the Caribbean.

 

Hany Abdel-Latif is an Economist in the Regional Studies Division in the IMF’s African Department. Previously, he worked as a lecturer (assistant professor) at Swansea University UK, where he taught econometrics, macroeconomics, and economic policy. His research covers commodity, financial liquidity, and geopolitical risk shocks, among other macro-financial issues. Hany is a research fellow of the Economic Research Forum (ERF) and a fellow of the Higher Education Academy (FHEA) UK. He has acted as a consultant at several institutions, including the UNDP and Cambridge University Assessment. He holds a PhD from Swansea University and an MSc from City, University of London.

 

Qianqian Zhang is an economist in the African Department at the IMF. Her research interests include fiscal policy, fiscal decentralization, gender, and development issues. She previously worked in the Fiscal Affairs Department and as a country economist for Afghanistan. She received her PhD from George Washington University and her master’s degree from Cornell University.

 

 

Discussants:

Moses Kansanga is an Assistant Professor of Geography and International Affairs at The George Washington University. He is a critical geographer whose research explores questions at the intersection of sustainable food systems and natural resource management from a political ecology perspective. For the past decade, Moses has worked with smallholder farming communities in the Global South with concentration on sustainable agriculture and natural resource politics. He received his PHD at University of Western Ontario.

 

Robert Weiner is the director of the Master of Science in International Business program and a professor of international business, public policy & public administration, and international affairs at the George Washington University School of Business, Washington D.C. He serves concurrently as deputy director of the Master of Science in Government Contracts, a joint program of the GW Schools of Business and Law. He is a faculty director of the Business School’s Center for International Business Education and Research, and an affiliate of the Elliott School of International Affairs’ Institute for International Economic Policy, Institute for Middle East Studies, Institute for Security and Conflict Studies, and Sigur Center for Asian Studies. He is also senior advisor to the Brattle Group. He received his PhD from Harvard University.

Two Generations of Trailblazing Chinese American Women At The Asian Development Bank

Monday, April 25, 2022
5:00 p.m. – 6:00 p.m. EDT

Lindner Family Commons, Room 602
Elliott School of International Affair
and Zoom

How will the Asian Development Bank address the long-term challenges of poverty and climate change amidst evolving regional geopolitics and post-pandemic economic recovery? Please join us for a special conversation with Ambassador Chantale Wong as she begins her tenure as US Director of the Asian Development Bank, with a special appearance by her mentor and predecessor Ambassador Linda Tsao Yang. Both women have blazed new trails: Linda Tsao Yang, US Executive Director to the ADB from 1993-99, was the first woman and minority representative of the US on the board of a multilateral financial institute, while Chantale Wong is the first out LGBTQ+ person of color to be appointed to an ambassador-level position in the United States. Ambassador Julia Chang Bloch, USCET’s Executive Chair and a trailblazer in her own right as the first US Ambassador of Asian descent, will lead the conversation, touching on themes of mentorship, overcoming barriers, the role of the US at the ADB, and sustainable recovery amidst the aftermath of the COVID-19 pandemic. Audience members in-person and online were invited to take part in a lively Q&A session at the event.

This was a co-sponsored event with US-China Education Trust (USCET).

Speakers: 

linda tsao yang Linda Tsao Yang is an ambassador (retired). Linda Tsao Yang served as U.S. Executive Director to the board of the Asian Development Bank in Manila from 1993 to1999. She was appointed by President Clinton and confirmed by the Senate in 1993, the first woman and the first minority to represent the United States on the board of a multilateral financial institution. Yang Is Chair Emerita of the Asian Corporate Governance Association (ACGA) based in Hong Kong which she chaired from 2001 to 2014. From 2003 to 2010, she served on the board of the Bank of China (Hong Kong) – one of three banknote issuing banks in Hong Kong – as an independent non-executive director. Earlier in her career, she was the first minority appointed to serve as California’s Savings and Loan Commissioner; she was also the first minority appointed to the board of the California Public Employees Retirement System ( CalPERS), the largest public pension fund in the United States. She was Vice-Chairman of the Investment Committee of the board and was unanimously elected by her fellow board members to the position of Vice President of the Board.Yang was an invited panelist on International Economy at the economic summit led by then President-elect Clinton in Little Rock, Arkansas in December 1992.

chantale wong Chantale Wong has had a long and distinguished career in public service, currently serving as the US Executive Director to the Asian Development Bank in Manila. Wong is the first out lesbian and first LGBTQ+ person of color appointed to an ambassador-level position in US history, confirmed by the senate in February 2022. Previously, Wong was appointed by President Obama to serve as Vice President for Administration and Finance, and Chief Financial Officer at the Millenium Challenge Corporation (MCC). Earlier in her career, Wong has held leadership positions at the Office of Management and Budget, Departments of Treasury and Interior, and the Environmental Protection Agency, in addition to NASA. Chantale joined the staff of the Asian Development Bank in 1999 as an environmental specialist to ensure the Bank’s assessments complied with their environmental and social policies. She led development and publication of ADB’s first Asian Environment Outlook (2001), and was subsequently appointed by President Bill Clinton to its Board of Directors, representing the US as the Alternate Executive Director to oversee operations. Wong was the founding chair of the Conference on Asian Pacific American Leadership (CAPAL), an organization dedicated to encouraging careers in public service by providing training, workshops, mentors, and work opportunities for young AAPIs.

Moderator: 

julia chang blochJulia Chang Bloch is founding president of the US-China Education Trust. She was the first US ambassador of Asian descent in US history. She has had an extensive career in international affairs and government service, beginning in 1964 as a Peace Corps Volunteer in Sabah, Malaysia and culminating as U.S. Ambassador to the Kingdom of Nepal in 1989. From 1981 to 1988, Ambassador Bloch served at the U.S. Agency for International Development as Assistant Administrator of Food for Peace and Voluntary Assistance and as Assistant Administrator for Asia and the Near East, positions appointed by the president and confirmed by the Senate. She also was the Chief Minority Counsel to a Senate Select Committee; a Senate professional staff member; the Deputy Director of the Office of African Affairs at the U.S. Information Agency; a Fellow of the Institute of Politics at Harvard University’s Kennedy School of Government, and an Associate of the U.S.- Japan Relations Program of the Center for International Affairs at Harvard.

 

Are China and India Likely to Miss the Convergence?

Wednesday, April 13th, 2022
9:00 – 10:30 a.m. EDT / 6:30 – 8:00 p.m. IST
via Zoom

We were pleased to invite you to the sixth webinar in the 2021-2022 Envisioning India series, co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy. This is a platform for dialogue and debate in a series of important discussions.

This event featured Arvind Subramanian, Senior Fellow at Brown University’s Watson Institute for International and Public Affairs and Distinguished Senior Fellow at the Center for Global Development, and Kalpana Kochhar, Director of Development Policy and Finance at the Bill and Melinda Gates Foundation, provided discussant remarks.

The event reflected on the development experiences, similar and different, of China and India, as well as their prospects going forward.

The Envisioning India series is organized under the stewardship of IIEP Director Jay Shambaugh, Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber.

About the Speaker:

picture_of_Arvind_SubramanianArvind Subramanian, Chief Economic Adviser (CEA) to the Government of India between 2014 and 2018, is now Senior Fellow, Brown University’s Watson Institute for International and Public Affairs and Distinguished Senior Fellow, Center for Global Development. Previously, he was Professor at Ashoka University (2020-21), taught at the Harvard Kennedy School (2018-2020), and was the Dennis Weatherstone Senior Fellow at the Peterson Institute for International Economics (2011-2014). Foreign Policy magazine named him as one of the world’s top 100 global thinkers in 2011. As CEA, he oversaw the publication of the annual Economic Survey of India, which became a widely read document on Indian economic policy and development. For example, the 2018 Survey had 20 million views from over 190 countries in its first year of publication. Among the major ideas and policies he initiated and helped implement were a simplified goods and services tax (GST), attempts to tackle the Twin Balance Sheet challenge, creating the financial and digital platform for connectivity (the so-called JAM trinity), charting a new fiscal framework, and Universal Basic Income. Announcing his departure as CEA, the former Finance Minister, Mr. Arun Jaitley wrote a Facebook post, Thank You, Arvind. His award-winning book Eclipse: Living in the Shadow of China’s Economic Dominance was published in September 2011 and had printed 130,000 copies world-wide in four languages. His latest, best-selling book, reflecting on his time in India, “Of Counsel: The Challenges of the Modi-Jaitley Economy,” was published by Penguin Random House in December 2018.

Joshua Felman is currently the head of JH Consulting, providing economic advice to academics and policy practitioners. Before that, he was for many years a senior official at the IMF, where he specialized in Asia and especially India. 

His familiarity with India started in the 1980s, when he first began analyzing the economy, as it started to open up to the outside world. During the boom of the mid-2000s, he moved to Delhi to take charge of the IMF’s India office. And in 2015 he returned to India to work for several years in the Office of the Chief Economic Adviser in the Ministry of Finance.

Mr. Felman also has extensive familiarity with crises. During the East Asian crisis, he was posted to the IMF’s Jakarta office, where he worked closely with the authorities as they reconstructed a shattered financial system, following the collapse of more than 200 banks. Then, he led the IMF’s operations in the Philippines, as they sought to overcome the lingering effects of the crisis. And after that he led the IMF’s work in Korea, when that country was suffering from a household debt crisis.

Following the Global Financial Crisis, he was appointed Assistant Director in the IMF’s Research Department, where he worked closely with Chief Economist Olivier Blanchard, analyzing the implications for the global economy — and also for our understanding of economics.

Mr. Felman did his graduate work at Oxford University in England.

About the Discussants:

picture_of_kalpana_kochharDr. Kalpana Kochhar is Director, Development Policy and Finance at the Bill and Melinda Gates Foundation. Prior to taking this position, she spent 33 years at the IMF, ending her career there as the Director of the Human Resources Department of the IMF between 2016 and 2021. She has also held positions as Deputy Director in the Asia and Pacific Department of the IMF where she worked on India, China, Korea, Japan and several other Asian countries, and in the Strategy, Policy and Review Department where she launched the IMF’s work on the macroeconomic implications of gender inequality and women’s economic empowerment. Between 2010 and 2012, she was seconded to the World Bank as the Chief Economist for the South Asia Region of the World Bank. Ms. Kochhar’s research interests and publications have been on emerging markets including India and China, and jobs and inclusive growth, gender and inequality issues, structural reforms, and regional integration in South Asia. She holds a Ph.D. and an M.A. in Economics from Brown University and an M.A. in Economics from Delhi School of Economics in India. She has a B.A in Economics from Madras University in India.

David Dollarpicture_of_david_dollar is a senior fellow in the John L. Thornton China Center at the Brookings Institution and host of the Brookings trade podcast, Dollar&Sense. He is a leading expert on China’s economy and U.S.-China economic relations. From 2009 to 2013, Dollar was the U.S. Treasury’s economic and financial emissary to China, based in Beijing, facilitating the macroeconomic and financial policy dialogue between the United States and China. Prior to joining Treasury, Dollar worked 20 years for the World Bank, serving as country director for China and Mongolia, based in Beijing (2004-2009). His other World Bank assignments focused on Asian economies, including South Korea, Vietnam, Cambodia, Thailand, Bangladesh, and India. Dollar also worked in the World Bank’s research department. His publications focus on economic reform in China, globalization, and economic growth. He also taught economics at University of California Los Angeles, during which time he spent a semester in Beijing at the Graduate School of the Chinese Academy of Social Sciences in 1986. He has a doctorate in economics from New York University and a bachelor’s in Chinese history and language from Dartmouth College.

Black Politicians During Reconstruction: Impacts and Backlashes

Monday, February 28th, 2022
12:30 – 2:00 p.m. ET
via Zoom

We were pleased to invite you to the 17th webinar of the “Facing Inequality” series, hosted by the Institute for International Economic Policy and co-sponsored by the GW Interdisciplinary Inequality Series. In this webinar, noted economic historian Trevon Logan discussed his research on “Black Politicians During Reconstruction: Impacts and Backlashes.” Shari Eli, Associate Professor of Economics at the University of Toronto, provided discussant remarks, and IIEP Director Jay Shambaugh moderated the discussion.

Racial economic inequality in the United States has substantial roots in history, including not just race-based slavery, but also the failure to move to more equal footing after the Civil War. In this event, Trevon Logan will present results from two papers: “Do Black Politicians Matter?” and “Whitelashing: Black Politicians, Taxes, and Violence.” In this work, he demonstrates the important impact of Black politicians after the war in the Reconstruction South; their presence increased tax revenue and land tenancy, and decreased the black-white literacy gap. He also finds that such increases in tax revenue were followed by a rise in violence against Black politicians, pushing back on the efficacy of these policymakers.

The “Facing Inequality” virtual series focuses on current and emerging inequality issues in the U.S. and around the globe – especially those revealed by the current COVID-19 pandemic. It brings together historians, economists, sociologists, political scientists, and epidemiologists, within the academy and without, to present work and discuss ideas that can facilitate new interdisciplinary approaches to the problem of inequality. This is a platform for dialogue and debate. We invite you to engage with us in this series of important discussions.

About the Speaker:

Trevon LoganTrevon Logan is the Hazel C. Youngberg Distinguished Professor of Economics at The Ohio State University. Professor Logan specializes in economic history, economic demography and applied microeconomics. His research in economic history concerns the development of living standards measures that can be used to directly assess the question of how the human condition has changed over time. He applies the techniques of contemporary living standard measurements to the past as a means of deriving consistent estimates of well-being over time. Most of his historical work uses historical household surveys, but also includes some new data to look at topics such as the returns to education in the early twentieth century, the formation of tastes, and the allocation of resources within the household. He is a Research Associate at the National Bureau of Economic Research and holds a PhD in Economics from the University of California at Berkeley.

About the Discussant:

Shari EliShari Eli is an Associate Professor of Economics at the University of Toronto and a Research Associate at the National Bureau of Economic Research. Her fields of research are economic history, health economics and demography. One section of her research explores the ways in which individuals of low socioeconomic status used cash transfers to improve their health status over the course of the lifecycle. Another section explores the intergenerational persistence of welfare receipt as well as the relationship between social assistance and marriage decisions.

 

John J. Clegg is an historical sociologist working on the roots of mass incarceration in the United States and the comparative political economy of slavery and emancipation in the Atlantic world.

His dissertation, “From Slavery to Jim Crow: Essays on the Political Economy of Racial Capitalism” (NYU 2018) traced the evolution of forms of labor control and racialization across America’s pivotal decade of Civil War and emancipation.

He is currently working on a comprehensive crowd-sourced database of African American Civil War soldiers as well as a large scale research project on the political economy of mass incarceration.

His work has appeared in The Cambridge Journal of Economics, Social Science History, Critical Historical StudiesGlobal Labor JournalThe Brooklyn Rail, The SAGE Handbook of Frankfurt School Critical Theory and The Best American Non-required Reading 2016.

About the Moderator:

Jay ShambaPicture of Jay Shambaughugh is a Professor of Economics and International Affairs, and Director of the Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University. His area of research is macroeconomics and international economics. He has had two stints in public service. He served as a Member of the White House Council of Economic Advisors from 2015-2017. Earlier, he served on the staff of the CEA as a Senior Economist for International Economics and then as the Chief Economist. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. Jay is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Prior to joining the faculty at George Washington, Jay taught at Georgetown and Dartmouth and was a visiting scholar at the IMF. He received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

India at 75: Systemic Challenges and the Path Ahead

Wednesday, February 23rd, 2022
12:00 – 1:30 p.m. ET
via Zoom

With India — one fifth of humanity and the world’s largest democracy — completing 75 years of independence, it is not only a time for reflection but also a time to take bold actions for an inclusive, sustainable, and prosperous future. The shadow of COVID-19 looms large over the economy despite some signs of economic recovery. The pandemic has exposed major structural weaknesses in the economy as well as its governance. Beyond the pandemic, other major systemic challenges – climate change, disruptive technology, rising inequality, and rising majoritarianism — merit urgent attention.

For India, doing more of the same will yield results we have become familiar with – higher inequality, poor education and health outcomes, high youth unemployment, weak investment growth, diminishing prospects in agriculture and industry, and a problematic banking sector. To tackle the challenges, India needs fundamental change across a range of areas – human capital, technology, agriculture, finance, trade, public-service delivery, and more. New ideas and strategies are needed.

The seminar discussed how India can use the next twenty-five years to restructure its economy, rejuvenate its democratic energy, and unshackle its potential. 

The speakers in this webinar were Ravinder Kaur (University of Copenhagen) and Ajay Chhibber (GWU and Atlantic Council), and was moderated by IIEP Distinguished Visiting Scholar Sunil Sharma, with welcoming remarks by IIEP Director Jay Shambaugh.

This event was cosponsored by the Sigur Center.

 

About the Speakers:

Picture of Ravinder KaurRavinder Kaur is a historian of contemporary India. She is Associate Professor of Modern South Asian Studies and the Director of the Centre of Global South Asian Studies at the University of Copenhagen. Her core research focuses on the processes of capitalist transformations in twenty-first-century India. This is the subject of her most recent book Brand New Nation: Capitalist Dreams and Nationalist Designs in Twenty-First-Century India (Stanford University Press, 2020). This work was selected as the “Financial Times Best Book of the Year” in 2020 and longlisted for the “Kamaladevi Chattopadhyay NIF Book Prize” in 2021. She is also the author of Since 1947: Partition Narratives among the Punjabi Migrants of Delhi (Oxford University Press, 2007; 2nd edition, 2018).

Picture of Ajay ChhibberAjay Chhibber is a Distinguished Visiting Scholar, Institute for International Economic Policy, George Washington University and Non-Resident Senior Fellow at the Atlantic Council. He was the first Director General, Independent Evaluation Office, India, and Distinguished Visiting Professor at the NIPFP. He served as Assistant Secretary General, UN, and Assistant Administrator, UNDP. At the World Bank he was the Country Director in Turkey and Vietnam, and Director of the 1997 World Development Report. He has a PhD from Stanford University, an MA from the Delhi School of Economics and was awarded the David Rajaram Prize for best all-rounder at St. Stephen’s College, Delhi University.

Ajay is the co-author, along with Salman Anees Soz, of the recently published book Unshackling India: Hard Truths and Clear Choices for Economic Revival (HarperCollins, 2022). Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to not only restructure its economy but rejuvenate its democratic energy, unshackle its potential, and become a genuinely developed economy by 2047? The book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths and lays out the clear choices and new ideas India must adopt towards that end.

About the Moderator:

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, Sunil was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA). Sunil has a Ph.D. and a M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. He has published widely on economic and financial topics, and his current interests include governance, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

Welcoming Remarks:

Picture of Jay ShambaughJay Shambaugh is a Professor of Economics and International Affairs, and Director of the Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University. His area of research is macroeconomics and international economics. He has had two stints in public service. He served as a Member of the White House Council of Economic Advisors from 2015-2017. Earlier, he served on the staff of the CEA as a Senior Economist for International Economics and then as the Chief Economist. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. Jay is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Prior to joining the faculty at George Washington, Jay taught at Georgetown and Dartmouth and was a visiting scholar at the IMF. He received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

 

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

This event will be co-sponsored by the Sigur Center.

 

Profiling Gendered Multidimensional Poverty and Inequality in Post-Apartheid South Africa

Monday, February 21st, 2022
11:00 – 12:15 p.m. ET
via Zoom

We were pleased to invite you to a joint virtual event with the Oxford Poverty and Human Development Initiative (OPHI) and the United Nations Development Programme (UNDP) Human Development Report Office (HDRO) on Monday, February 21st, 2022. This event featured Kehinde Omotoso presenting “Profiling Gendered Multidimensional Poverty and Inequality in Post-Apartheid South Africa” and Jacob Assa as a discussant.

 

About the Speaker:

Kehinde O. OmotosoKehinde O. Omotoso holds a PhD in Economics from the University of Pretoria, South Africa. Her research covers a wide range of development issues relating to multidimensional poverty, health, gender, climate change and food security. Her research and policy experience spans over a decade during which she has gained a deep understanding of the microeconomic factors that determine poverty and health inequality in sub-Saharan Africa and beyond. She contributes regularly to the policy discourse on multidimensional poverty in the context of sustainable development goals (SDGs). She has presented several research papers in both national and international conferences, seminars and workshops. She has a number of research articles published in reputable journals. She is currently on a post-doctoral research fellowship

 About the Discussant:

Picture of Jacob AssaJacob Assa is a Strategic Advisor with UNDP’s Regional Bureau for Africa. He began his U.N. career 22 years ago as a statistician and then chief of section (DESA/UNSD), focusing on macroeconomic aggregates and development indicators. In this role he was the chief editor of three flagship statistical publications. More recently Jacob worked as an economist focusing on both the least developed countries (at UN-OHRLLS) and UNDP’s Human Development Report (HDR). At UN-OHRLLS, he co-authored the annual SG’s report as well as the flagship publication – State of the LDCs. At UNDP, Jacob co-authored the two most recent HDRs – Inequality in Human Development (2019) and The next frontier: Human development and the Anthropocene (2020). He also developed UNDP’s proposal for a Multidimensional Vulnerability Index, which the Administrator has referred to as an example of thought leadership. Jacob holds a Ph.D. in Economics (2015) from the New School for Social Research and his doctoral dissertation – The Financialization of GDP: Implications for economic theory and policy – has been published as a book by Routledge. He has published in peer-reviewed journals on inequality and growth, financialization, peacebuilding and development, and the political economy of national accounting, most recently in the journals Ecological Economics and New Political Economy.

About the Series:

The Institute for International Economic Policy (IIEP) at George Washington University and the Oxford Poverty and Human Development Initiative (OPHI), with the support of the United Nations Development Programme’s Human Development Report office (UNDP HDRO), are pleased to host a special seminar series on the global Multidimensional Poverty Index (global MPI).

Bringing together the academic and policy spheres, this series of seminars will highlight topics such as race, ethnicity, gender, and caste, the statistical capacity of nations, social protection, the use of geospatial mapping in tracking poverty, poverty and refugees, and evaluating whether we’re on track to meet UN SDG Goal #1. The sessions will also include work that applies the global MPI methodology, the Alkire Foster method, to innovative measures.

 

Extending Multidimensional Poverty Identification: From Additive Weights to Minimal Bundles

Monday, February 14th, 2022
11:00 – 12:15 p.m. ET
via Zoom

We were pleased to invite you to a joint virtual event with the Oxford Poverty and Human Development Initiative (OPHI) and the United Nations Development Programme (UNDP) Human Development Report Office (HDRO) on Monday, February 14th, 2022. This event featured Sam Jones (UNU-WIDER) presenting “Extending Multidimensional Poverty Identification: From Additive Weights to Minimal Bundles.”

In this event, Sam Jones presented his paper which examines how in the popular class of multidimensional poverty measures introduced by Alkire and Foster (2011), a threshold switching function is used to identify who is multidimensionally poor. This paper shows that the weights and cut-off employed in this procedure are generally not unique and that such functions implicitly assume all groups of deprivation indicators of some fixed size are perfect substitutes. To address these limitations, he shows how the identification procedure can be extended to incorporate any type of positive switching function, represented by the set of minimal deprivation bundles that define a unit as poor. Furthermore, the Banzhaf power index, uniquely defined from the same set of minimal bundles, constitutes a natural and robust metric of the relative importance of each indicator, from which the adjusted headcount can be estimated. He demonstrates the merit of this approach using data from Mozambique, including a decomposition of the adjusted headcount using a ‘one from each dimension’ non-threshold function.

About the Speakers:

Sam Jones is a Research Fellow at UNU-WIDER based in Mozambique, on extended leave from his position as an Associate Professor in the Department of Economics, University of Copenhagen. He is a versatile economist with expertise in microeconomic empirical methods, education, labour markets, development finance (including foreign aid) and policy macroeconomics. Sam’s work has been published in leading journals, such as Journal of Development Economics, World Bank Economic Review, American Journal of Agricultural Economics, Food Policy, Social Science & Medicine, Journal of Economic Inequality, World Development, Journal of Development Studies, African Development Review, and Journal of African Economies. Much of Sam’s academic research has focused on sub-Saharan Africa and he has previously worked extensively in Mozambique, spending over ten years as an advisor in the Ministry of Finance.

About the Discussant:

Picture of James FosterJames Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autónoma del Estado Hidalgo (Mexico).

 

About the Series:

The Institute for International Economic Policy (IIEP) at George Washington University and the Oxford Poverty and Human Development Initiative (OPHI), with the support of the United Nations Development Programme’s Human Development Report office (UNDP HDRO), are pleased to host a special seminar series on the global Multidimensional Poverty Index (global MPI). Goal 1 of the Sustainable Development Goals (SDGs) is to end poverty in all its forms and dimensions. The global MPI offers a tool to make progress towards this goal.

Bringing together the academic and policy spheres, this series of seminars will highlight topics such as race, ethnicity, gender, and caste, the statistical capacity of nations, social protection, the use of geospatial mapping in tracking poverty, poverty and refugees, and evaluating whether we’re on track to meet UN SDG Goal #1. The sessions will also include work that applies the global MPI methodology, the Alkire Foster method, to innovative measures.

The seminars are taking place online on Mondays at 11 a.m. EST. They will be hosted by IIEP Professor James Foster and are open to everyone focused on improving the lived experience of those who are deprived.

The Distribution of Wealth in Germany 1895-2018

Monday, February 7th, 2022
12:30 p.m. – 2:00 p.m. ET
via Zoom

We were pleased to invite you to the 16th webinar of the “Facing Inequality” series, hosted by the Institute for International Economic Policy. In this webinar, Dr. Charlotte Bartels discussed her current research on “The Distribution of Wealth in Germany, 1895 to 2018.” This event featured Federal Reserve Principal Economist Alice Henriques Volz as a discussant. IIEP Director Jay Shambaugh provided welcoming remarks and moderated the event.

Dr. Bartels presented the first comprehensive study of the long-run evolution of wealth inequality in Germany. Her paper presents a combination of tax data, surveys, national accounts and rich lists used to study wealth and its distribution in Germany from 1895 to 2018. Her research finds that in the long run, the concentration of wealth in the hands of the top 1% has fallen by half, from close to 50% in 1895 to 27% today. Nearly all of this decline was the result of various shocks that occurred between 1914 and 1952. The interwar period as well as World War II and its aftermath stand out as the great equalizers in 20th century German history. Her research also shows that two off-setting trends have shaped the German wealth distribution since unification. Households at the top made substantial capital gains from rising equity valuations that were counterbalanced by large middle-class capital gains from rising house prices and substantial savings. By contrast, the wealth share of the bottom 50% has halved in the past 30 years.

The “Facing Inequality” virtual series focuses on current and emerging inequality issues in the U.S. and around the globe – especially those revealed by the current COVID-19 pandemic. It brings together historians, economists, sociologists, political scientists, and epidemiologists, within the academy and without, to present work and discuss ideas that can facilitate new interdisciplinary approaches to the problem of inequality. This is a platform for dialogue and debate. We invite you to engage with us in this series of important discussions.

About the Speaker:

Picture of Charlotte BartelsDr. Charlotte Bartels is a post-doctoral researcher at the German Institute for Economic Research (DIW). For the academic year 2021/2022, she is a Kennedy fellow at the Center for European Studies at Harvard University. In 2020, she was Visiting Associate Professor at the City University New York (CUNY). Her research interests lie in the fields of public economics, labor economics and economic history. She is particularly concerned with the long-run dynamics of income and wealth distributions and the political consequences of rising inequality. Another focus of her research is the redistributive and stabilizing impact of welfare state institutions and their incentives. She contributes to the German series for the World Inequality Database (WID). Bartels received her Ph.D. in economics from the Freie Universität Berlin.

About the Discussants:

Picture of Alice Henriques VolzAlice Henriques Volz is a principal economist at the Federal Reserve Board. At the Board, Alice works in the Microeconomic Surveys section, which oversees the Survey of Consumer Finances. Her research interests focus on inequality and retirement. Current research projects include retirement preparation across cohorts and the wealth distribution and understanding trends in wealth and income inequality. She received her Ph.D. in economics from Columbia University and a B.A. from University of California at Berkeley.

 

Trevor Jackson is an assistant professor of economic history at George Washington University, where he teaches the history of inequality and economic crisis. He works on early modern European economic history, with an emphasis on inequality and financial crisis. His book manuscript, Impunity and Capitalism: Afterlives of European Financial Crisis, 1680-1830, is under contract with Cambridge University Press. It examines how changes in the scope for prosecutorial discretion, technical complexity, and the international mobility of capital diffused the capacity to act with impunity in the economy across the very long eighteenth century.  The project argues that impunity has shifted from the sole possession of a legally-immune sovereign to a functional characteristic of technically-skilled professional managers of capital, to an imagined quality of markets themselves, such that a constituent element of the modern economic sphere is that within it, great harm can and will happen to great many people, and nobody will be at fault. Dr. Jackson has taught courses on international economic history ranging from the early modern period to the twentieth century, as well as courses on capitalism and inequality, the history of economic crisis, and the history of human rights.  Prior to joining the faculty at the George Washington University, he lectured at the University of California, Berkeley.

About the Moderator:

Picture of Jay ShambaughJay Shambaugh is Professor of Economics and International Affairs, and Director of the Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University. His area of research is macroeconomics and international economics. He has had two stints in public service. He served as a Member of the White House Council of Economic Advisors from 2015-2017. Earlier, he served on the staff of the CEA as a Senior Economist for International Economics and then as the Chief Economist. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. Jay is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Prior to joining the faculty at George Washington, Jay taught at Georgetown and Dartmouth and was a visiting scholar at the IMF. He received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

William White on Negative Economic Shocks: Can Our Fragile Democracies Take the Hit?

Wednesday, May 4, 2022
12:00 p.m. – 1:30 p.m. EDT
via Zoom

The global economic and financial system has been showing increasing signs of stress for many years, raising the likelihood of harmful “tipping points”. In large part, this has been due to the unintended consequences of well-meaning macroeconomic and regulatory policies. Now we must also confront negative supply shocks that will lower real growth and exacerbate inflationary tendencies over a number of years. Unfortunately, over recent years, many democratic countries have developed political “fault lines” that could now threaten the future of democracy itself. History provides many examples of political regime change triggered by environmental crises, pandemics, and above all economic and financial crises. In principle, these systemic fragilities could still be reduced but, in practice, there are many political obstacles to doing so.

Speakers: 

william whiteWilliam White is currently a Senior Fellow at the C D Howe Institute in Toronto. From 2009 until March 2018, he served as Chair of the Economic and Development Review Committee at the OECD in Paris. Prior to that, he spent fourteen years as Economic Adviser at the Bank for International Settlements (BIS) in Basel. In that role, he was responsible for all BIS research, data collection, and the organization of meetings for central bankers from around the world. Before joining the BIS in 1994, he was the Deputy Governor responsible for international affairs at the Bank of Canada in Ottawa.

In addition to publishing widely, Mr. White’s other activities have included membership of the Issing Committee, advising Chancellor Merkel on G20 issues. In addition to earlier prizes awarded in Europe, in 2016 Mr. White received the Adam Smith Award, the highest award of the National Association of Business Economists in Washington.

Discussants: 

marthha finnemoreMartha Finnemore is University Professor of Political Science and International Affairs at the George Washington University in Washington, DC.  Her research focuses on global governance, international organizations, cybersecurity, ethics, and social theory. She is a Fellow of the American Academy of Arts and Sciences, a non-resident scholar at the Cyber Policy Initiative at the Carnegie Endowment for International Peace, has been a visiting research fellow at the Brookings Institution and Stanford University, and has received fellowships or grants from the MacArthur Foundation, DoD’s Minerva Research Initiative, the Social Science Research Council, the Smith Richardson Foundation, and the United States Institute of Peace.

 

alan kirman
Economics professor Alan Kirman at Pantheon Sorbonne University in Paris. Picture taken June 28, 2012. REUTERS/Benoit Tessier (FRANCE)

Alan Kirman is the Director of Studies at the Ecole des Hautes Etudes (EHESS) in Paris, Professor Emeritus at Aix-Marseille University, member of the Institut Universitaire de France, and Chief Adviser to the OECD NAEC (New Approaches to Economic Challenges) initiative. He has a B.A. from Oxford University and a Ph.D. in Economics from Princeton University.

Alan was formerly a Professor at Johns Hopkins University, Université Libre de Bruxelles, the University of Warwick, and the European University Institute in Florence. He has a Ph.D. Honoris Causa from the Jaime 1 University in Castellon, Spain. He has published more than 160 articles in international journals and is the author of five books including Complex Economics: from Individual to Collective Rationality and editor of 18 others.

Professor Kirman is a Fellow of the Econometric Society, of the European Economics Association, and member of the Institute for Advanced Study at Princeton. He was awarded the Humboldt Prize and is a member of the Accademia dei Lincei in Rome. He is panel chair for the 2022 Advanced Grant programme of the ERC in SHS, Honorary Editor of the Journal of Economic Behavior and Organization, and Associate Editor of several other journals..

 

Moderator: 

sunil sharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, Sunil was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA). Sunil has a Ph.D. and a M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. He has published widely on economic and financial topics, and his current interests include governance, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

 

IIEP Rethinking Capitalism and Democracy Series
 
The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

Unshackling India: Hard Truths and Clear Choices for Economic Revival

Wednesday, February 2nd, 2022

We were pleased to invite you to a joint Elliott School Book Launch Series and IIEP Envisioning India event on Wednesday, February 2nd to discuss Unshackling India. This event featured authors Ajay Chhibber and Salman Soz with discussant remarks by Kaushik Basu (Cornell University), and Martin Wolf (Financial Times). This webinar was moderated by Elliott School Dean Alyssa Ayres, and Elliott School Vice Dean James Foster provided welcoming remarks.

This was the launch of Ajay Chhibber and Salman Anees Soz’s book Unshackling India: Hard Truths and Clear Choices for Economic Revival.

As India enters its seventy-fifth year of independence, conventional policy is unlikely to combat the breadth of its economic challenges. Across a range of areas—human capital, technology, agriculture, finance, trade, public-service delivery and more—new ideas must now be on the table. The COVID-19 pandemic has not only cost India many lives and livelihoods, it has also exposed major structural weaknesses in the economy.

A huge farm and jobs crisis, rising and massive inequalities, tepid investment growth and chronic banking-sector challenges have plagued the economy for many years. The pandemic has exacerbated these challenges. It has also exposed the limitations of the Indian state, which tries to control too much—and ends up stifling the economy and the inherent energies of its young population. Climate change is no longer a distant threat, while disruptive technology has huge implications for India’s demographic dividend. In addition, the dangerous lurch towards majoritarianism will cast its shadow on India’s pursuit of prosperity for all.

Unshackling India examines the question: Can India use the next twenty-five years, when it will reach the hundredth year of independence, to not only restructure its economy but rejuvenate its democratic energy and unshackle its potential and become a genuinely developed economy by 2047? This book argues that India can foster a prosperous and inclusive economy if it sets its mind to it, acknowledges the hard truths and lays out the clear choices and new ideas India must adopt towards that end.

Welcoming Remarks:

Picture of James FosterJames Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autónoma del Estado Hidalgo (Mexico).

About the Moderator:

Picture of Alyssa AyresAlyssa Ayres is the Dean of the Elliott School of International Affairs at George Washington University. Her work focuses primarily on India’s role in the world and on U.S. relations with South Asia in the larger Indo-Pacific. Before joining the Elliott School, she was a Senior Fellow at the Council on Foreign Relations, and Deputy Assistant Secretary of State for South Asia under the Obama administration. She holds a Ph.D. in South Asian Languages and Civilizations from the University of Chicago.

 

About the Speakers:

Picture of Ajay ChhibberAjay Chhibber is Distinguished Visiting Scholar, Institute for International Economic Policy, George Washington University and Non-Resident Senior Fellow at the Atlantic Council. He was the first Director General, Independent Evaluation Office, India, and Distinguished Visiting Professor at the NIPFP. He served as Assistant Secretary General, UN, and Assistant Administrator, UNDP. At the World Bank he served as Country Director in Turkey and Vietnam, and Director of the 1997 World Development Report. He has a PhD from Stanford University, an MA from the Delhi School of Economics and was awarded the David Rajaram Prize for best all-rounder at St. Stephen’s College, Delhi University.

 

Picture of Salman Anees SozSalman Soz is an economic development consultant, author and commentator. He has extensive international experience across a range of economic development issues. Formerly with the World Bank, he now serves as a consultant to international institutions. He is a recipient of the World Bank President’s Award for Excellence. His commentary appears in a variety of media outlets and he speaks regularly on politics, economics, and international affairs. He has an MBA from Yale University, an MA in Economics from Northeastern University, and a BA (Hons) in Economics from St. Stephen’s College, where he was the President of the Students’ Union Society.

About the Discussants:

Picture of Kaushik BasuKaushik Basu is Professor of Economics and Carl Marks Professor of International Studies at Cornell University. He is currently the President of the International Economic Association and a nonresident senior fellow in the Global Economy and Development program at the Brookings Institution. He recently served as Chief Economist at the World Bank and before that was Chief Economic Adviser to the Government of India. During his tenure at the Bank, he regularly co-taught an Elliott School course Game Theory and Strategic Thinking with James Foster, which included a class session in the Preston Auditorium of the World Bank for its 150 GW students. As one student commented “Being taught by Prof. Basu was definitely an Only at GW moment!” He has now returned to Cornell but fondly remembers his time in DC – especially his weekly chats with GW students and his daily strolls across the GW campus from home to work in the Bank, and back again.

Picture of Martin WolfMartin Wolf CBE is Chief Economics Commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000. He was a member of the UK government’s Independent Commission on Banking between June 2010 and September 2011. He is an honorary fellow of Nuffield College, Oxford and King’s College, London.  He has received honorary doctorates from six universities, including the London School of Economics. He is a University Global Fellow of Columbia University, New York. Mr Wolf won the Ludwig Erhard Prize for economic commentary for 2009, the 33rd Ischia International Journalism Prize in 2012,  the Overseas Press Club of America’s prize for “best commentary on international news in any medium” for 2013 and the 2019 Lifetime Achievement Award at the Gerald Loeb Awards. His most recent book is The Shifts and The Shocks: What we’ve learned – and have still to learn – from the financial crisis.

 

The Envisioning India series is organized under the stewardship of IIEP Director Jay Shambaugh, Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber.

The U.S. Federal Reserve and Economic Inequality

Wednesday, January 26th, 2022
12:00 – 1:30 p.m. EDT

We were pleased to invite you to a Rethinking Capitalism and Democracy event on Wednesday, January 26th, entitled “The U.S. Federal Reserve and Economic Inequality.” This event featured Karen Petrou (Federal Finance Analytics), with discussant remarks by Mark Levonian (formerly of Promontory Financial Group), Bill Nelson (Bank Policy Institute), and Peter Conti-Brown (University of Pennsylvania).

In her ground-breaking 2021 book, Karen Petrou shows how the U.S. Federal Reserve inadvertently – but dramatically – exacerbated U.S. income and wealth inequality after 2010. Approaching the problem from a pragmatic, market-focused perspective, she demonstrates how the combined force of post-2008 monetary and regulatory policy made Americans more unequal, the financial system even more fragile, and voters angrier.

In the seminar, Petrou provided a perspective on what the Federal Reserve did to counter the pandemic-induced 2020 financial crisis and its inequality impact. She laid out the inequality-transmission channels of current Fed policy and discussed specific policy solutions, to address worsening economic inequality in a higher-risk financial system.

This webinar was moderated by IIEP Distinguished Visiting Scholar Sunil Sharma, and had welcoming remarks by IIEP Director Jay Shambaugh.

Welcome Remarks:

Picture of Jay ShambaughJay Shambaugh is Professor of Economics and  International Affairs, and Director of the Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University. His area of research is macroeconomics and international economics. He has had two stints in public service. He served as a Member of the White House Council of Economic Advisors from 2015-2017. Earlier, he served on the staff of the CEA as a Senior Economist for International Economics and then as the Chief Economist. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. Jay is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Prior to joining the faculty at George Washington, Jay taught at Georgetown and Dartmouth and was a visiting scholar at the IMF. He received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

About the Moderator:

Picture of Sunil Sharma

Sunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, Sunil was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA).

From 2012-2020, he was on the Governing Board of the Mysore Royal Academy (MYRA) School of Business, Mysore, India. During 2012-2018, he was a member of the Advisory Board, Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University, Singapore, and over 2011-2015, he served on the International Advisory Board, Institute of Global Finance, Australian School of Business, University of New South Wales, Sydney, Australia.

Sunil has a Ph.D. and a M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. He has published widely on economic and financial topics, and his current interests include governance, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

About the Presenter:

Picture of Karen Petrou Karen Petrou is the co-founder and Managing Partner of Federal Financial Analytics, Inc., a privately-held company that since 1985 has provided analytical and advisory services on legislative, regulatory, and public-policy issues affecting financial services companies doing business in the U.S. and abroad. Petrou is a frequent speaker on topics affecting the financial services industry. In addition to testifying before the U.S. Congress, she has spoken before the Federal Reserve Banks of New York, St. Louis, San Francisco, and Chicago, the European Central Bank, the Office of the Comptroller of the Currency, the International Monetary Fund, the Clearing House, the Bank Policy Institute, the Institute of International Bankers, the Securities Industry and Financial Markets Association, the Japanese Diet, and many other governmental, industry and academic groups. She has also authored numerous articles in publications such as the American Banker and the Financial Times, and is frequently quoted as a bank policy expert in the Wall Street Journal, Bloomberg, Politico, the Hill, and other media outlets.

Prior to founding her own firm in 1985, Petrou worked in Washington as an officer at Bank of America, where she began her career in 1977. She is an honors graduate in Political Science from Wellesley College and also was a special student in an honors program at the Massachusetts Institute of Technology. She earned an M.A. in that subject from the University of California at Berkeley, and was a doctoral candidate there. She has served on the boards of banking organizations and now sits as a director on the board of the Foundation Fighting Blindness and the Fidelco Guide Dog Foundation. In 2019, she and her husband Basil were named “visionaries” by the Foundation Fighting Blindness.

About the Discussants:

Picture of Mark LevonianMark Levonian was most recently Managing Director and Global Head for Enterprise Economics and Risk Analysis at Promontory Financial Group. He was formerly Senior Deputy Comptroller for Economics at the US Office of the Comptroller of the Currency (OCC), where he served as a key advisor to the Comptroller before, during, and after the global financial crisis. Mark oversaw quantitative examination support and policy research for the OCC and was closely involved in policy responses to the financial crisis, including the development of bank stress testing. As a senior regulatory official and economist, he led or participated in various Basel Committee initiatives related to economic modeling and played a leading role in the development of rules and guidance for multiple generations of the Basel capital framework. Prior to joining the OCC, Mark was Vice President for Banking Supervision and Regulation and Economic Research Officer at the Federal Reserve Bank of San Francisco, Manager of the Banking Studies Department at the New York Fed, Lecturer in Finance at the University of California’s Haas School of Business, and Senior Economist at the Reserve Bank of Australia. He has been an adviser/consultant to the World Bank, the IMF, and the central banks of Russia and Belarus.

Picture of Bill Nelson

Bill Nelson is an Executive Vice President and Chief Economist at the Bank Policy Institute and an adjunct professor at Georgetown University. Previously he served as Executive Managing Director, Chief Economist, and Head of Research at the Clearing House Association and Chief Economist of the Clearing House Payments Company. Mr. Nelson contributed to and oversaw research and analysis to support the advocacy of the Association on behalf of TCH’s owner banks.
Prior to joining The Clearing House in 2016, Mr. Nelson was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Mr. Nelson attended Federal Open Market Committee meetings and regularly briefed the Board and FOMC. He was a member of the Large Institution Supervision Coordinating Committee (LISCC) and the steering committee of the Comprehensive Liquidity Analysis and Review (CLAR). He has chaired and participated in several BIS working groups on the design of liquidity regulations and most recently chaired the CGFS-Markets Committee working group on regulatory change and monetary policy. Mr. Nelson joined the Board in 1993 as an economist in the Banking section of Monetary Affairs. In 2004, he was the founding chief of the new Monetary and Financial Stability section of Monetary Affairs. In 2007 and 2008, he visited the Bank for International Settlements, in Basel, Switzerland, where his responsibilities included analyzing central banks’ responses to the financial crisis and researching the use of forward guidance by central banks. He returned to the Board in the fall of 2008 where he helped design and manage several of the Federal Reserve’s emergency liquidity facilities.

Mr. Nelson earned a Ph.D., an M.S., and an M.A. in economics from Yale University and a B.A. from the University of Virginia. He has published research on a wide range of topics including monetary policy rules; monetary policy communications; and the intersection of monetary policy, lender of last resort policy, financial stability, and bank supervision and regulation.

Picture of Peter Conti-BrownPeter Conti-Brown is the Class of 1965 Associate Professor of Financial Regulation at The Wharton School of the University of Pennsylvania, Co-Director of the Wharton Initiative of Financial Policy and Regulation, and Nonresident Fellow in Economics Studies at The Brookings Institution. A financial historian and a legal scholar, Conti-Brown studies central banking, financial regulation, and public finance, with a particular focus on the history and policies of the US Federal Reserve System. He is author of the book The Power and Independence of the Federal Reserve (Princeton University Press 2016), co-author of a leading textbook on financial regulation (The Law of Financial Institutions), and author and editor of several other books and articles on central banking, financial regulation, and bank corporate governance. He received a law degree from Stanford Law School and a PhD in history from Princeton. He and his wife Nikki are the parents of four children.

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

The Challenges of Technology & Economic Catch-Up in Emerging Economies

Tuesday, November 30th, 2021
10:00 a.m. – 11:00 a.m. EST
Hybrid

This was the book launch of The Challenges of Technology & Economic Catch-Up in Emerging Economies, featuring Nicholas Vonortas and distinguished speakers.

The obstacles faced by emerging economies in upgrading their technology can stall growth, and the existing challenges are enhanced under COVID-19, geopolitical struggles, and the growing concern around environmental sustainability. The Challenges of Technology and Economic Catch-up in Emerging Economies synthesizes and interprets existing knowledge on technology upgrading failures, in firm, sector, and macro levels, across different countries and world macroregions.

The Elliott School Book Launch Series was proud to present a lecture featuring the author, distinguished speakers, and Dean Alyssa Ayres of the Elliott School. The event was held in-person and livestreamed simultaneously.

About the Co-Editors

Picture of Nicholas VonortasNicholas Vonortas is a Professor of Economics and International Affairs at the Elliott School and Director of its Institute for International Science and Technology Policy (IISTP). He is also a Leading Research Fellow at the Institute for Statistical Studies and Economics of Knowledge in the National Research University Higher School of Economics in Moscow. His interests center around industrial organization, the economics of technological change, technology and innovation policy and strategy, and R&D program evaluation. He holds a Ph.D. in Economics from New York University.

 

Jeon-Dong LeeJeon-Dong Lee is a professor in the College of Engineering at Seoul National University and a Special Advisor to the President of Korea on Economy and Science. His research focuses on the use of network economics and the social effects of network technologies. He holds a Ph.D in Science and Telecommunications from Seoul National University.

 

Picture of Keun LeeKeun Lee is a Professor of Economics at Seoul National University in Seoul, Korea, an editor of Research Policy, an associate editor of Industrial and Corporate Change, and a council member of the World Economic Forum, and Vice Chair of National Economic Advisory Council of Korea. He holds a Ph.D. in economics from the University of California, Berkeley.

 

Picture of Dirk MeissnerDirk Meissner is a professor and laboratory head in the Institute for Statistical Studies and Economics of Knowledge at the National Research University Higher School of Economics in Russia. His research interests include science, technology, innovation policy, and commercialization. He holds a PhD from Dresden University Institute of Technology.

 

 

Picture of Slavo RadosevicSlavo Radosevic is a Professor of Industry and Innovation Studies at University College London. His research focuses on the economics of technological change and innovation studies, as well as growth and structural change through innovation systems and entrepreneurship. He holds a Ph.D. from the University of Zagreb.

 

 

About the Guest Speakers

Picture of Otaviano CanutoOtaviano Canuto is a nonresident senior fellow in the Global Economy and Development Program at the Brookings Institution. His experience includes 15 years as vice president, executive director or senior adviser in institutions such as the World Bank, International Monetary Fund (IMF), and Inter-American Development Bank (IDB) and has also served as state secretary for international affairs at the ministry of finance at the Government of Brazil. He holds a PhD in economics from University of Campinas in Brazil.

 

Picture of Anwar AridiAnwar Aridi is a Private Sector Specialist at the Europe and Central Asia (ECA) unit of the Trade and Competitiveness Global Practice at the World Bank. He specializes in science, technology, and innovation policy issues, private sector development, technology entrepreneurship, and technology transfer. He holds a Ph.D. in Science and Technology Policy from the GWU Trachtenberg School of Public Policy and Administration.

 

About the Dean

Picture of Alyssa AyresAlyssa Ayres is the Dean of the Elliott School of International Affairs at George Washington University. Her work focuses primarily on India’s role in the world and on U.S. relations with South Asia in the larger Indo-Pacific. Before joining the Elliott School, she was a Senior Fellow at the Council on Foreign Relations, and Deputy Assistant Secretary of State for South Asia under the Obama administration. She holds a Ph.D. in South Asian Languages and Literatures from the University of Chicago.

About the Event

This event is free, recorded, and open to the public. Media inquiries and advance questions are accepted at esiaresearch@email.gwu.edu.

Distributional Impacts of Cash Transfers on the Multidimensional Poverty of Refugees: The ESSN program in Turkey

Monday, November 29th, 2021
11:00 a.m. – 12:15 p.m. EST
via Zoom

Most evaluation exercises of humanitarian cash transfer programs use traditional metrics of poverty and study average effects of intended outcomes separately. We analyze the impact of the Emergency Social Safety Net (ESSN) cash program on the multidimensional poverty of refugees in Turkey, using a purpose-build Refugee Multidimensional Poverty Index. We conduct a nuanced causal analysis of the distributional impacts of the ESSN on the incidence and intensity of multidimensional poverty, and decompose effects for separate dimensions of poverty. Results show that the ESSN successfully reached the poor and significantly reduced overall multidimensional poverty among its beneficiaries. Significant reductions are found in the dimensions of food security, living standards and education. Incidence and intensity of poverty are shown to fall across the entire distribution. This supports emerging claims that these types of programs, still relatively new in humanitarian contexts, can be transformative for their beneficiaries to achieve multiple outcomes simultaneously. Reductions in the intensities for more deprived households stand out as a finding that outcome specific evaluations and multidimensional impact evaluations focusing on estimating average treatment effect would have missed, demonstrating the added value of the proposed methodological innovation to focus on the entire distribution of deprivation in this paper. By learning from the largest humanitarian cash program in the world, results provide important lessons for cash programs on multidimensional poverty of refugees elsewhere.

  

About the Speaker:

Picture of Matthew Robson

Matthew Robson works part-time at the Oxford Poverty and Human Development Initiative (OPHI) as a Research Assistant. He has worked on a range of projects since 2014, including: refugee multidimensional poverty indices, mismatches between poverty indexes and changes in poverty over time. He is a Postdoctoral Research Fellow at the University of York, working within the Equity in Health Policy (EQUIPOL) research group to develop methods to evaluate the causal impacts of interventions on health inequalities. His research interests also span experimental and behavioural economics, where he focuses on prosocial behaviour and inequality aversion. For more information, see his website: https://mrobson92.com/

 

About the Discussant:

Picture of Josefin Pasanen

Josefin Pasanen joined the Human Development Report Office (HDRO) research team in 2020. She brings a background in research, monitoring and evaluation, and capacity building for high-impact policy design. She has a strong interest in translating research into policy innovation. Prior to joining HDRO, Josefin was head of Capacity building at the global research center Poverty Action Lab’s (J-PAL) office for Latin America and the Caribbean, working to strengthen government, NGO and private sector capacities for evidence-based policies and programs across the region. A development economist by training, she holds an MSc in Local Economic Development from the London School of Economics and Political Science (LSE) and a BSc in Economics and Political Science from Uppsala University. Her research and policy interests center on data for development, sustainability and social inclusion, poverty alleviation, inequalities, gender and labour markets. Josefin’s previous experience also includes research at the Swedish Agency for Public Management and the Institute for Evaluation of Labour Market and Education Policy, and policy advisory for the Mayor ́s office at the City of Stockholm.

 

 

 

 

On Track or Not? Projecting the Global Multidimensional Poverty Index

Monday, November 15th, 2021
11:00 a.m. – 12:15 p.m. EST
via Zoom

This was the fifth event in the continuation of our seminar series on Multidimensional Poverty Measurement, jointly hosted by the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford, the Human Development Report Office (HDRO) at the United Nations Development Programme (UNDP), and the Institute for International Economic Policy (IIEP) at George Washington University. Nicolai Suppa (Research Associate, Oxford Poverty and Human Development Initiative, Oxford Department of International Development, University of Oxford & Researcher, Centre for Demographic Studies (CED), Universitat Autònoma de Barcelona) presented a paper and Doug Gollin (Professor of Development Economics, Oxford Department of International Development, University of Oxford) discussed.

About the Speaker:

Picture of Nicolai SuppaNicolai Suppa is currently postdoctoral researcher at the Centre for Demographic Studies in Barcelona and Research Associate with the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford. He holds a PhD in economics from TU Dortmund in Germany, where he also studied economics and sociology. After his Phd he worked in the research project “Multidimensional Poverty Measurement in Germany and the European Union” funded by the German Research Foundation (DFG). His research interests are best described as applied welfare economics, including multidimensional poverty measurement and analysis, research on subjective well-being, the capability approach, labour economics, and applied econometrics.

About the Discussant:

Picture of Doug GollinDoug Gollin is Professor of Development Economics at Oxford University, based in the Oxford Department of International Development. His research focuses broadly on economic development and growth, with an emphasis on the structural transformations that accompany the growth process. He has particular interests in agricultural productivity and technology, from a micro scale to macro scale. His work has also looked at rural-urban mobility and urbanization processes, spatial patterns of development and a range of other topics.

Professor Gollin joined Oxford in October 2012 after spending sixteen years on the faculty of Williams College in the United States. He currently serves as Research Director for a major global program of academic research on Structural Transformation and Economic Growth (STEG), funded by the UK Foreign, Commonwealth, and Development Office. Professor Gollin is a managing editor of the Journal of African Economies. From 2012-17, he chaired the Standing Panel on Impact Assessment (SPIA) of the CGIAR and served on the CGIAR Independent Science and Partnership Council. He has also served on the Research Advisory Group for the former UK Department for International Development (DFID).

Linkages with Multinationals: The Effects on Domestic Firms’ Exports

Tuesday, November 16th, 2021
12.30 p.m. – 2.00 p.m. ET
via Zoom

Christian Volpe Martincus, Principal Economist at the Integration and Trade Sector (INT) of the Inter-American Development Bank (IDB) will present his paper, Linkages with Multinationals: The Effects on Domestic Firms’ Exports.

Abstract: Multinational firms’ affiliates are typically larger, more productive, and more likely to export. Existing empirical evidence suggests that domestic firms that are connected to these affiliates tend to have better export outcomes. However, this evidence relies on firm-to-firm connections that are assumed based on country-level input-output matrices rather than actually observed. In this paper, we examine, whether and how linking up with multinational firms results in improved export performance for domestic firms, using a unique dataset that includes data on firm-to-firm purchases and sales both within and across countries. Our estimation results indicate that selling to a multinational firm is associated with a significant increase in the probability that a domestic firm starts to export, especially to a country where the respective multinational firm is headquartered or has an affiliate. This estimated effect is larger when the multinational firms themselves sell abroad and when the linkage intensity is higher.

About the Speaker:

Picture of Christian VolpeChristian Volpe Martincus is Principal Economist at the Integration and Trade Sector (INT) of the Inter-American Development Bank (IADB). He previously worked for the Ministry of the Economy of the Province of Buenos Aires and was advisor at the MERCOSUR Commission of the National Representatives Chamber in Argentina.

He is the technical leader of INT impact evaluation work related to trade and investment operations and initiatives, the INT networks ELSNIT and TIGN, and the INT Trade Policy Research Seminar Series. He has also advised several governments in both Latin American and the Caribbean and OECD countries on export promotion, investment promotion, trade facilitation, and the evaluation of the respective programs.

Christian holds a PhD in Economics from the University of Bonn, Germany and a Master in Economics from the National University of La Plata (Argentina). He has presented in numerous international academic and policy workshops and conferences and has published on international trade and economic geography in several international professional journals. Christian is a CESifo Research Fellow and serves as an Associate Editor for the Review of International Economics.

Taking on China – the Imperative and agenda for India

Wednesday, November 17th, 2021
8:30 – 10:00 am EDT / 7:00 – 8:30 pm IST

This was the third webinar in the 2021-2022 Envisioning India series, co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy, a platform for dialogue and debate. We invited you to engage with us in this series of important discussions.

The Envisioning India series is organized under the stewardship of IIEP Director Jay Shambaugh, Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber. The third event of the 2021-2022 series featured Ambassador (Retd) Gautam Bambawale (Distinguished Professor, Symbiosis University, Pune, India) and Dr. Ganesh Natarajan (5F World and Lighthouse Communities) to discuss “Taking on China – The Imperative and Agenda for India.” Manjeet Kripalani (Gateway House) and Dr. Jaimini Bhagwati (CSEP) provided discussant remarks.

India and China were more or less comparable in terms of economy size and global influence in the past but the rapid growth of China in the last five decades has taken China to near super power status and an economy which is over four times the size of India (14 trillion vs 3 trillion USD). This has seen increasing belligerence from China in the last year or so and we believe that India must act and act on multiple fronts if we are to retain our position on the High Table of global affairs.

Six senior members of the Pune International Center in India came together over a one year period in 2021-21 to produce a book Rising to the China Challenge: Winning Through Strategic Patience and Economic Growth that has been recently published and widely read in political, diplomatic and economic circles. Our submission is that there is a need for significant policy responses and diplomatic moves on the one hand and a renewed focus on restoring economic symmetry with China on the other to restore some level of equilibrium between the two nations. Two of the authors, Ambassador (Retd) Gautam Bambawale and Dr. Ganesh Natarajan, will present the book.

In the talk, three areas of great importance will be addressed.
1. Redressing the economic imbalance by focusing on industry sectors where India has the opportunity to redress the huge disparity that currently exists in domestic independence and global position, sectors where we have the imperative and the ability to catch up and build much higher values in the years to come and finally areas where India can indeed take the lead and build jobs for the future.
2. Diplomatic responses needed from India by having new models of engagement with global nations of importance, China’s neighbors and India’s own neighbors to counter China’s growing dominance in world affairs.
3. India’s own domestic and international imperatives and policies and programs that are essential to set India on a path of sustained and significant growth as a democratic force of significance to the world.

About the Speakers:

Picture of Gautam BambawaleAmbassador (Retd) Gautam Bambawale was a member of the Indian Foreign Service from 1984 to 2018. He was India’s Ambassador to Bhutan, Pakistan and China. Bambawale was stationed in Washington DC in 2004-07 during the Indo-US nuclear deal which transformed ties between the two countries. He has been India’s first Consul General in Guangzhou (China) 2007-09. He was Director of the Indian Cultural Centre, Berlin 1994-98. Ambassador Bambawale worked in the Prime Minister’s Office 2002-04. At the Ministry of External Affairs he was Joint Secretary for East Asia from 2009-2014. Bambawale has dealt with China for 15 years of his 34 year diplomatic career. He is currently Distinguished Professor, Faculty of Humanities and Social Sciences, Symbiosis International University, Pune.

Picture of Ganesh NatarajanDr. Ganesh Natarajan is Chairman and Co-Founder of 5F World and Lighthouse Communities. He is an investor and mentor to digital platforms and AI entrepreneurs in India and USA. Ganesh is a Board Director of SBI, Hinduja Global Solutions and Asian Venture Philanthropy Network and is Chairman of Honeywell Automation India. Ganesh is an alumnus of IIT Bombay and Harvard Business School and a recipient of IIT’s Distinguished Alumnus Award.

 

 

About the Discussants:

Picture of Manjeet KripalaniManjeet Kripalani is Executive Director of Gateway House. Prior to the founding of Gateway House, she was India Bureau chief of Businessweek magazine from 1996 to 2009. During her extensive career in journalism (Businessweek, Worth and Forbes magazines, New York), she has won several awards, including the Gerald Loeb Award, the George Polk Award, Overseas Press Club and Daniel Pearl Awards. Kripalani was the 2006-07 Edward R. Murrow Press Fellow at the Council on Foreign Relations, New York, which inspired her to found Gateway House. Her political career spans being the deputy press secretary to Steve Forbes during his first run in 1995-96 as Republican candidate for U.S. President in New Jersey, to being press secretary for the Lok Sabha campaign for independent candidate Meera Sanyal in 2008 and 2014 in Mumbai. Kripalani holds two bachelor’s degrees from Bombay University (Bachelor of Law, Bachelor of Arts in English and History) and a master’s degree in International Affairs from Columbia University, New York. She sits on the executive board of Gateway House and is a member of the Rotary Club of Bombay.

Picture of Jaimini BhagwatiDr. Jaimini Bhagwati is currently a Distinguished Fellow at the Centre for Social and Economic Progress (CSEP), Chairman of the Infrastructure Development Finance Corporation (IDFC) Asset Management Trustee Company and Board member of IDFC Limited. Dr. Bhagwati was India’s High Commissioner to the United Kingdom and India’s Ambassador to the European Union, Belgium and Luxembourg. He has held senior positions in the Indian Ministry of External Affairs, Ministry of Finance, Department of Atomic Anergy and the World bank Treasury. His responsibilities at the World Bank included bond funding including execution of over-the-counter derivatives transactions. Between 2013-2018 Dr. Bhagwati was the Reserve Bank of India Chair Professor at ICRIER. Dr. Bhagwati was educated at St. Stephen’s College, New Delhi, Tufts University and Massachusetts Institute of Technology (MIT), USA.

Latin America: The Pandemic, Poverty, and Policy

Latin America Event Banner

Wednesday, November 17th, 2021
4:30 p.m. – 5:30 p.m. EST
via Zoom

This was a panel discussion on Wednesday, November 17th on “Latin America: The Pandemic, Poverty, and Policy.” The event featured panelists Mauricio Cárdenas (Columbia University and former Minister of Finance, Colombia), Benigno López Benítez (Inter-American Development Bank and former Minister of Finance, Paraguay), Nora Lustig (Tulane University), and William Maloney (The World Bank). Danny Leipziger (GWU) moderated the event.

This panel discussion aimed to review the issues related to the direct impact of pandemics on the poor in Latin America. The discussion focused on the urgent need to design policies to lessen the negative impact on the most vulnerable in a region most affected by recent events.

This event is co-sponsored by the Growth Dialogue, the GW Center for International Business Education and Research (GW-CIBER), the Latin American and Hemispheric Studies Program at the George Washington University, and the Institute for International Economic Policy (IIEP).

About the Panelists

Picture of Mauricio Cárdenas SantamaríaDr. Mauricio Cárdenas Santamaría is a former Minister of Finance and Public Credit of Colombia and Visiting Research Scholar at Columbia University’s School of International and Public Affairs. An economist and politician, he served as the 69th Minister of Finance and formerly as Minister of Mines and Energy of Colombia in the administration of President Juan Manuel Santos Calderón. Prior to this, he was a Senior Fellow and Director of the Latin America Initiative at the Brookings Institution.

In a long and distinguished career in the Government of Colombia, he has also served as Minister of Economic Development, as Minister of Transport, and as Director of the National Planning Department. In the private sector, he has served as Director of the Higher Education and Development Foundation (Fedesarrollo) and as the 7th President of the Latin American and Caribbean Economic Association (LACEA).

Since leaving government, Dr. Cardenas joined various academic institutions. In 2019, he became a Visiting Senior Research Scholar at the Center on Global Energy Policy of Columbia University’s School of International and Public Affairs (SIPA). Since 2020, Dr. Cardenas has been serving in the Independent Panel for Pandemic Preparedness and Response (IPPR), a group examining how the World Health Organization (WHO) and countries handled the COVID-19 pandemic. He received his doctorate in Economics from the University of California at Berkeley.

Picture of Benigno López BenítezBenigno López Benítez is Vice-President for Sectors and Knowledge at the Inter-American Development Bank since his appointment in November 2020. Prior to joining the IDB, he served as Minister of Finance of Paraguay. In that role, he led a comprehensive tax-reform initiative aimed at improving the progressive capacity of the tax system, increasing government revenue to finance health and education reforms, and incentivizing labor formalization.

Prior to his public service, Mr. Lopez served as Chairman of the Social Security Institute, Paraguay’s employer-based health insurance and pensions system. During his tenure, he aimed to restructure the institution’s debt, professionalize its administration and structure and diversify its investment portfolio. In 2013, Mr. Lopez was appointed Executive Legal Director and member of the board of Itaipú Bi-nacional, which administers the world’s largest hydroelectric dam on the Paraguay-Brazil border. From 2012-2013, Mr. Lopez served as Senior Advisor to the Executive Board of the IMF, Washington D.C. Previously, he worked for more than two decades at the Central Bank of Paraguay as Board Director from 2007 to 2012 and as head of the legal department.

Mr. Lopez holds a law degree from Paraguay’s Catholic University and a Master of Laws (LL.M) from Georgetown University.

Picture of Nora LustigDr. Nora Lustig is Samuel Z. Stone Professor of Latin American Economics and the founding Director of the Commitment to Equity Institute (CEQ) at Tulane University. She is also a Non-resident Senior Fellow at the Brookings Institution, the Center for Global Development and the Inter-American Dialogue.

Professor Lustig’s research is on economic development, inequality and social policies with emphasis on Latin America. Among her recent publications, the Commitment to Equity Handbook: Estimating the Impact of Fiscal Policy on Inequality and Poverty is a step-by-step guide to assessing the impact of taxation and social spending on inequality and poverty in developing countries.

Prof. Lustig is a founding member and President Emeritus of the Latin American and Caribbean Economic Association (LACEA) and was a co-director of the World Bank’s World Development Report 2000: Attacking Poverty. She serves on the editorial board of the Journal of Economic Inequality and is a member of the Society for the Study of Economic Inequality’s Executive Council. Prof. Lustig served on the Atkinson Commission on Poverty, the High-level Group on Measuring Economic Performance and Social Progress, and the G20 Eminent Persons Group on Global Financial Governance. She received her doctorate in Economics from the University of California at Berkeley.

Picture of William MaloneyDr. William Maloney, a U.S. national, is Chief Economist for the Latin America and Caribbean Region at the World Bank. He joined the World Bank in 1998 as Senior Economist for the Latin America and Caribbean Region. He held various positions including Lead Economist in the Office of the Chief Economist for Latin America, Lead Economist in the Development Economics Research Group, Chief Economist for Trade and Competitiveness and Global Lead on Innovation and Productivity. He was most recently Chief Economist for Equitable Growth, Finance and Institutions (EFI) Vice Presidency. From 2011 to 2014 he was Visiting Professor at the University of the Andes in Bogotá and worked closely with the Colombian government on innovation and firm upgrading issues.

Dr. Maloney received his doctorate in Economics from the University of California Berkeley (1990), his BA from Harvard University (1981), and studied at the University of the Andes in Bogota, Colombia (1982-83). His research activities and publications have focused on issues related to international trade and finance, developing country labor markets, and innovation and growth, including several flagship publications about Latin America and the Caribbean, including Informality: Exit and Inclusion and Natural Resources: Neither Curse nor Destiny. Most recently, he published The Innovation Paradox: Developing-Country Capabilities and the Unrealized Promise of Technological Catch-Up.

About the Moderator

Picture of Danny LeipzigerDr. Danny Leipziger is Professor of International Business and International Affairs at the George Washington University and Director of the Growth Dialogue. He is a faculty affiliate of the Institute for International Economic Policy. Prior to joining GW, Prof. Leipziger was Vice President for Poverty Reduction and Economic Management at the World Bank (2004-2009). Dr. Leipziger held senior management positions in the East Asia and Latin America Regions. He was the World Bank’s Director for Finance, Private Sector and Infrastructure for Latin America (1998-2004). He served previously in the U.S. Department of State and was a Member of the Secretary’s Policy Planning Staff. Dr. Leipziger was Vice Chair of the Spence Commission on Growth and Development and he served on the WEF Council on Economic Progress.

An economist with a Ph. D. from Brown University, he has published widely in development economics, finance and banking, and on East Asia and Latin America. He is the author of several books, including Lessons of East Asia (U. of Michigan Press), Stuck in the Middle (Brookings Institution), and Globalization and Growth, and more than 50 refereed and published articles in journals and other outlets.

Global Multidimensional Poverty Index 2021 Unmasking Disparities: Ethnicity, Race, and Gender

Monday, October 11th, 2021
11:00 a.m.  – 12:15 p.m. EDT
via Zoom

In this first event in the continuation of our seminar series on Multidimensional Poverty Measurement, jointly hosted by the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford, the Human Development Report Office (HDRO) at the United Nations Development Programme (UNDP), and the Institute for International Economic Policy (IIEP) at George Washington University, speakers presented the extensive findings of the 2021 Global Multidimensional Poverty Index (global MPI) Report Unmasking Disparities: Ethnicity, Race, and Gender. The global MPI Report is jointly produced by OPHI and HDRO, with results and report being updated each year. The 2021 global MPI presents findings on multidimensional poverty around the world, using the most recent data from 109 countries, covering 5.9 billion people, and including changes over time in 80 countries. For the first time, the 2021 global MPI includes findings for trends with up to three points in time, detailed disaggregations of global MPI results by racial and ethnic groups, gender of household head, and analyses on multidimensional poverty and the socio-economic implications of COVID-19.

About the Speakers:

Picture of Sabina AlkireSabina Alkire (Director, Oxford Poverty and Human Development Initiative, Oxford Department of International Development, University of Oxford) directs the Oxford Poverty and Human Development Initiative (OPHI), a research centre within the Oxford Department of International Development, University of Oxford. Dr Alkire works on a new approach to measuring poverty and well-being that goes beyond the traditional focus on income and growth. This multidimensional approach to measurement includes social goals, such as health, education, nutrition, standard of living and other valuable aspects of life. She devised a new method for measuring multidimensional poverty with her colleague James Foster (OPHI Research Associate and Professor of Economics at George Washington University) that has advantages over other poverty measures and has been adopted by the Mexican Government, the Bhutanese Government in their ‘Gross National Happiness Index’ and the United Nations Development Programme. Dr Alkire has been called upon to provide input and advice to several initiatives seeking to take a broader approach to well-being rather than just economic growth, for example, the Commission on the Measurement of Economic Performance and Social Progress (instigated by President Sarkozy); the United Nations Human Development Programme Human Development Report Office; the European Commission; and the UK’s Department for International Development.

Picture of Yanchun ZhangYanchun Zhang (Chief of Statistics, Human Development Report Office, United Nations Development Programme) has more than twenty years of quantitative research experience on a wide range of economic and sustainable development topics. She has published articles on international macroeconomics, climate change and development, economic vulnerabilities and social protection in refereed academic and policy journals.Prior to HDRO, she served as Chief of the Commodities Branch at the United Nations Conference on Trade and Development (UNCTAD) in Geneva from 2019 to 2020, leading analytical research, which includes a biennial statistics report State of Commodities Dependence, and capacity-building projects in a dozen of commodity dependent developing countries in Africa and Asia. Prior to that, she was Chief of the Commodity Policy Implementation and Outreach Section from 2014 to 2019, in charge of formulating demand-driven technical cooperation initiatives, mobilizing multilateral and bilateral funding sources and coordinating the preparation of publicity materials and press releases for outreach efforts.Before UNCTAD, she had worked at UNDP in New York from 2007 to 2013 as a Policy Specialist, conducting original research on emerging development topics that are strategically important for the organization. From 2003 to 2006, she was an assistant professor at San Francisco State University, teaching and researching on econometrics, statistics and macroeconomics. Prior to her academic career, she also worked for the World Bank’s Development Research Group.She holds Ph.D. and M.A. degrees in Economics with specializations on econometrics, development economics and international economics from University of Virginia, U.S.A, and a B.A. degree in Economics with honors from Shanghai Fudan University, China.

Picture of Heriberto TapiaHeriberto Tapia (Policy Specialist, Human Development Report Office, United Nations Development Programme) is a senior member of the writing-research team at HDRO. He has worked on Human Development Reports 2015, 2016 and 2017. Previously, he served in the Executive Office of UNDP (2012-2014) and in the Economic Commission for Latin American and the Caribbean (1998-2005). He has worked as a consultant to the IMF, UNDP and ECLAC. Furthermore, he has been lecturer at Columbia University (New York), University of Chile (Santiago) and University Diego Portales (Santiago). Heriberto holds a Ph.D. in economics from Columbia University, and a Master’s degree in economics and a Commercial Engineering degree from the University of Chile.

Picture of Sophie Scharlin-PetteeSophie Scharlin-Pettee (Oxford Poverty and Human Development Initiative, Oxford Department of International Development, University of Oxford) supports the outreach team in policy programming. She has worked on the Changes over Time project, which focuses on trends in multidimensional poverty, harmonising earlier data to the specifications of the 2019 global Multidimensional Poverty Index (global MPI). Previously, she contributed to the data preparation, computation, analysis, and report publication for the global MPI revision in 2018 and the annual global MPI release in 2019.

Before OPHI, Sophie supported ESRC-funded research investigating dual career couples’ life course outcomes from a time-use, longitudinal, and cross-national perspective; she also interned at the Consortium on Gender, Security, and Human Rights, where she delivered a background paper on the political economies of peace-building, among other research activities.

 

The Diffusion of Female Empowerment: Evidence from Social Networks in India

Tuesday, November 2nd, 2021
12:30 p.m. – 2:00 p.m.
via Zoom

Trade & Development Workshop

Speaker: David Yanagizawa-Drott (Zurich, formerly Harvard HKS)

The Diffusion of Female Empowerment: Evidence from Social Networks in India

Abstract: Do men may maintain privileged positions in society simply because most such positions are held by other men? If some women gain access to positions of power, does female empowerment diffuse via social networks? We study these questions in the political context of elections to the Parliament of India, Lok Sabha. To measure social networks, we make use the universe of Facebook friendship links between constituencies across the country. To identify causal effects, we exploit variation in close election wins in the network of each constituency. The results show that male incumbents benefit from having other male incumbents in the social network of the voters; they are more likely to remain in power. When females randomly win seats, female empowerment (entry, votes, representation) diffuses to other constituencies depending on pre-existing conditions. There is little to no diffusion to areas where female empowerment is very weak to begin. Diffusion appears to occur only when empowerment is already relatively high. Together, the results indicate that unequal representation in the status quo tends to be self-reinforcing, but dynamic trajectories towards equality are possible once sufficient conditions are met.

India’s Economy in a Post-Pandemic World

Wednesday, October 20th, 2021
9:00 – 10:30 a.m. EDT / 6:30 – 8:00 p.m. IST
via Zoom

We were pleased to invite you to the second webinar in the 2021-2022 Envisioning India series, co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy. This was a platform for dialogue and debate, and we invited you to engage with us in this series of important discussions.

The Envisioning India series is organized under the stewardship of IIEP Director Jay Shambaugh, Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber. The second event featured Dr. Sajjid Z. Chinoy, J.P. Morgan’s Chief India Economist, discussing “India’s Economy in a Post-Pandemic World.” Dr. Poonam Gupta (Director General of NCAER) and Dr. Shankar Acharya (former Chief Economic Adviser to the Government of India) provided discussant remarks.

What is the nature of India’s recovery from COVID? Where are pressures most evident and what opportunities has COVID-19 thrown up? Why is inflation so sticky in the wake of ostensible slack? What role can monetary and fiscal policy play in the near term? Where will India’s growth come from in a post-pandemic world: Consumption? Investment? Exports? Public Investment? Finally, what do we know about India’s underlying growth potential, particularly investment and productivity growth? Our distinguished speaker and discussants will address these and related issues in this second talk of 2021-22 on Envisioning India.

About the Speaker:

Picture of Sajjid ChinoyDr. Sajjid Z. Chinoy is J.P. Morgan’s Chief India Economist and a member of the Economic Advisory Council to the Prime Minister. He served as a member of the Advisory Council to India’s 15th Finance Commission and has previously served on several RBI committees and task-forces (Offshore Rupee Markets, Secondary Market for Corporate Loans) including the RBI’s “Expert Committee to Revise and Strengthen the Monetary Policy Framework” that proposed inflation targeting in 2014. He was a consultant to the FRBM Review Committee that proposed a new fiscal anchor in India in 2016. He has been ranked by Asset Magazine as one of the best individuals in fixed income research in India for every year since 2014. Sajjid has authored several publications on the Indian economy including co-editing a book on Indian economic reform with Dr. Anne O. Krueger, former First Deputy Managing Director of the IMF. He has previously worked at the International Monetary Fund (IMF) and McKinsey & Company, and holds a Ph.D. in Economics from Stanford University.

About the Discussants:

Picture of Poonam GuptaDr. Poonam Gupta is the Director General of NCAER. Before joining NCAER, she was Lead Economist, Global Macro and Market Research, International Finance Corporation (IFC); and Lead Economist for India at the World Bank. Her prior appointments include the Reserve Bank of India Chair Professor at National Institute of Public Finance and Policy (NIPFP); Professor at Indian Council for Research on International Economics Relations (ICRIER); Associate Professor, Department of Economics, Delhi School of Economics; and, Economist at the International Monetary Fund. Her research has been published in leading scholarly journals and featured in The Economist, Financial Times, and Wall Street Journal. She holds a PhD in International Economics from the University of Maryland, USA and a Masters in Economics from the Delhi School of Economics, University of Delhi.

Picture of Shankar AcharyaDr. Shankar Acharya is one of India’s leading policy economists. As the longest-serving Chief Economic Adviser to the Government of India (1993-2001), he was deeply involved in the economic reforms of the 1990s and served three successive governments of the Congress, the United Front and the National Democratic Alliance. He also served as Member of the Securities and Exchange Board of India (1997-2000), Member, Twelfth Finance Commission (2004) and Member, National Security Advisory Board (2009-2013). He was non-executive Chairman of Kotak Mahindra Bank for 12 years (2006-2018), one of India’s newest and most successful private commercial banks. He also served as a member of the Reserve Bank of India’s Advisory Committee on Monetary Policy (2005-2016). Earlier, he worked in the World Bank (1971-1982 and 1991-1993), where he led the World Development Report team for 1979 and was Research Adviser to the Bank. He returned to India in 1982 as Senior Fellow, National Institute of Public Finance and Policy (NIPFP), before joining the Government as Economic Adviser, Ministry of Finance (1985-90).

Since 2001 he has been Honorary Professor at the Indian Council for Research on International Economic Relations (ICRIER). He has authored eleven books (mostly on Indian economic issues and policies) and numerous scholarly articles in academic journals. His eight most recent books are Essays on Macroeconomic Policy and Growth in India (2006, Oxford University Press, Delhi); Can India Grow without Bharat? (2007, Academic Foundation, Delhi); India and Global Crisis (2009, Academic Foundation, Delhi); (edited with Rakesh Mohan) India’s Economy: Performance and Challenges (2010, Oxford University Press, Delhi; paperback edition, 2011); India after the Global Crisis (2012, Orient BlackSwan, Delhi), Towards Economic Crisis (2012–14) and Beyond (2015, Academic Foundation, Delhi), India’s Economy 2015-2000 (2021, Academic Foundation, Delhi) and An Economist at Home and Abroad (Harper Collins, 2021, Delhi).

Dr Acharya did his B.A. from Oxford, graduating with First Class honours in Politics, Philosophy and Economics in 1967, before proceeding to Harvard University to earn his Ph.D. in Economics in 1972.

Inequality and the Centrifugal Nature of the Labor Market

Wednesday, September 29, 2021
12:00 p.m. – 1:30 p.m.
via Zoom

This was a joint Facing Inequality Series and Rethinking Capitalism & Democracy Series event featuring Peter Dietsch (University of Victoria).

Globalization and technological change are the two staple explanations of the income inequality between the relatively skilled and unskilled segments of the labor market. While recognizing their importance, this webinar turns the spotlight on another, neglected driver of income inequality. The mechanics of the labor market have a tendency to allow skilled workers to extract a significant wage premium. Arguably, the magnitude of this premium is neither just nor necessary for a functioning labor market. Interestingly, the policy response required to contain this centrifugal nature of the labor market differs markedly from the standard remedies to reduce income inequality.

Kathryn Holston (Harvard and World Bank) provided discussant remarks. This webinar was moderated by IIEP Director Jay Shambaugh with introductory remarks by IIEP Distinguished Visiting Scholar Sunil Sharma. The event was co-sponsored by GW Interdisciplinary Inequality Seminar, organized by Professor Trevor Jackson.

About the Speaker:

Picture of Peter Dietsch Peter Dietsch is a professor in the Department of Philosophy at the University of Victoria, British Columbia. His research focuses on issues of economic ethics, notably on tax justice, normative dimensions of monetary policy, and on income inequalities. Dietsch is the author of Catching Capital – The Ethics of Tax Competition (Oxford University Press, 2015), co-author of Do Central Banks Serve the People? (Polity Press, 2018), and co-editor of Global Tax Governance – What is Wrong with It and How to Fix It (ECPR Press, 2016). He has published numerous articles and book chapters, and is a regular contributor in the media on debates in his field. Dietsch received the Friedrich Wilhelm Bessel Research Award from the Humboldt Foundation in 2021 and was nominated to the College of New Scholars, Artists and Scientists of the Royal Society of Canada in 2017. Prior to the University of Victoria, Dietsch taught at the Université de Montréal for 16 years. He has been a visiting fellow at the Wissenschaftszentrum Berlin, at the European University Institute in Florence, and at the University of Victoria.

About the Discussant:

Picture of Kathryn HolstonKathryn Holston is an economist in the Office of the World Bank Chief Economist and a PhD candidate in economics at Harvard (on leave for the 2021-22 academic year). Since 2019, she has been a Stone PhD Scholar in Inequality and Wealth Concentration at Harvard. Her current work focuses on financial fragility during the COVID-19 crisis and banking crises throughout history. She is also interested in monetary policy, central bank independence and governance, and policymaking under low interest rates. Kathryn’s past work includes estimating the natural rate of interest for advanced economies with Thomas Laubach and John C. Williams, for which they received the Bhagwati Award for best paper in the Journal of International Economics. Previously, Kathryn has worked in the Monetary Studies Section of the Federal Reserve Board and as a Guaranteed Income Fellow at the Jain Family Institute. She is a graduate of the University of Pittsburgh, where she studied economics and math.

About the Moderators:

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington, D.C., USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF- Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, Dr. Sharma was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, a M.A. from the Delhi School of Economics, and a B.A. (Honors) from St. Stephen’s College, Delhi University. His current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

Picture of Jay ShambaughJay Shambaugh is the Co-Director of the Institute for International Economic Policy and recently served as a member of the Biden transition team. His work includes analysis of the interaction of exchange rate regimes with monetary policy, capital flows, and trade flows as well as studies of international reserves holdings, country balance sheet exchange rate exposure, the cross-country impact of fiscal policy, the crisis in the euro area, and regional growth disparities. He has also served as a Member of the White House Council of Economic Advisors from 2015-2017. He also spent 3 years as the Director of the Hamilton Project at the Brookings Institution. He is also a Faculty Research Fellow at the NBER and Non-Resident Senior Fellow in Economic Studies at Brookings. Shambaugh received his Ph.D. in economics from the University of California at Berkeley, an M.A. from the Fletcher School at Tufts, and a B.A. from Yale University.

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

IIEP Facing Inequality Series

The Facing Inequality series focuses on current and emerging inequality issues in the U.S. and around the globe, especially those revealed by the current COVID-19 pandemic. It brings together historians, economists, sociologists, political scientists, and epidemiologists, within the academy and without, to present work and discuss ideas that can facilitate new interdisciplinary approaches to the problem of inequality. It is a platform for dialogue and debate. This series is organized under the stewardship of IIEP Co-Director James Foster; Oliver T. Carr, Jr. Professor of International Affairs and Professor of Economics; and IIEP Faculty Affiliate Trevor Jackson, Assistant Professor of History. It is co-sponsored by the GW Interdisciplinary Inequality Series and co-organized by Professor Trevor Jackson from the Department of History and Professor Bryan Stuart from the Department of Economics.

Getting India to the Green Frontier

Wednesday, September 29, 2021
9:00 – 10:30 a.m. EDT / 6:30 – 8:00 p.m. IST

This was the eleventh webinar in the “Envisioning India” series, a platform for dialogue and debate co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy.

The “Envisioning India” series is organized under the stewardship of IIEP Co-Director James Foster, Oliver T. Carr, Jr. Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber.

The talk focused on the Getting to the Green Frontier Development Model for India that has been proposed by Mr. Sinha and laid out a Net-Zero Pathway for India in the 21st century. He also discussed climate finance options and India’s expectations from the COP 26 conference in Glasgow in November this year.

About the Speaker:

Picture of Jayant SinhaJayant Sinha, Chairperson of the Standing Committee on Finance, Parliament of India and BJP Lok Sabha Member of Parliament from Hazaribagh, Jharkhand. Mr. Sinha is a second term Member of Parliament from Jharkhand, India. Mr. Sinha won his Lok Sabha elections in 2014 and 2019 with record margins. As Chairperson of the Standing Committee on Finance, Mr. Sinha leads the 31 member Parliamentary panel that has oversight of the Ministries of Finance, Corporate Affairs, Statistics & Program Implementation, and the Niti Aayog (the government planning agency). In addition, the panel has Parliamentary responsibility for the Reserve Bank of India, the Securities & Exchange Board of India, the Insolvency & Bankruptcy Board, and the Insurance and Pension regulatory authorities. Mr. Sinha is very active in Parliament having opened the debate on India’s Annual Budget on multiple occasions as well as by introducing important Private Member Bills. In the 2021 Budget session, he introduced the Climate Change (Net Zero Carbon) Private Member Bill 2021.

Previously, Mr. Sinha served on India’s Council of Ministers from 2014 to 2019; first, as the Minister of State for Finance and then as the Minister of State for Civil Aviation. During his time as a Minister, Mr. Sinha gained wide recognition as an innovative and results-oriented policymaker with singular successes ranging from piloting the legislation that brought in India’s game-changing bankruptcy code to establishing India’s sovereign wealth fund (the National Infrastructure Investment Fund) to privatizing multiple airports under an entirely new regulatory framework. As Aviation Minister, Mr. Sinha was instrumental in upgrading safety and security across India’s fast-growing aviation system. He launched the UDAN Regional Connectivity Scheme which expanded the number of operational airports in India by 50% in just three years. Mr. Sinha also implemented several major digital initiatives such as the DigitalSky Drone policy and the DigiYatra digital traveler program.

Prior to his career in public service, Mr. Sinha was Partner at Omidyar Network (ON) and the Managing Director of Omidyar Network India Advisors, where he led overall investment strategy and operations in India from 2009 to 2013. At Omidyar, Mr. Sinha made venture capital investments in a variety of companies including two unicorns: Quikr and DailyHunt. Before joining Omidyar Network, Mr. Sinha was Managing Director at Courage Capital Management, where he led Global Technology and India-related investing for a billion dollar global special situations hedge fund. Mr. Sinha joined Courage Capital in 2006 after twelve years with McKinsey & Company, where he was a Partner in the Boston and Delhi offices, and co-led the Global Software & Services Practice.

As a global thought leader, Mr. Sinha has been published in the Financial Times, Times of India, Economic Times, Indian Express, Business Standard, Harvard Business Review, and the McKinsey Quarterly. He has pioneered new thinking on platform-based businesses, innovation-driven entrepreneurship, Climate Change, and sustainable development. Mr. Sinha’s Getting to the Green Frontier development model is gaining broad acceptance as the Net Zero pathway for India in the 21st century.

Mr. Sinha has an MBA with Distinction from the Harvard Business School, an MS in Energy Management & Policy from the University of Pennsylvania, and a BTech with Distinction from the IIT Delhi. He was awarded the Distinguished Alumni award from IIT Delhi in 2015.

About the Discussants:

Picture of Mohua MukherjeeMohua Mukherjee served for over 25 years in many roles at the World Bank in Washington DC, primarily on investment projects. Her experience with World Bank lending spans 9 different sectors in 44 countries. Her most recent responsibility at the World Bank was heading the innovative US$1 billion Solar Program for Govt of India, which covered rooftop solar, large-scale solar parks and dedicated transmission lines to transport solar energy from one part of the country to the rest. She is also an Advisor with the India Smart Grid Forum. Previously, she worked pro bono for two years to support the establishment of the International Solar Alliance and served as their Program Ambassador. Mohua retired early from the World Bank in 2017 due to family reasons, and today she works as a Consultant for various international organizations, including the World Bank.

She also worked as an investment banker during a four year sabbatical in Nairobi, Kenya, where she successively headed the Corporate Finance Departments of Citibank and ABN AMRO Bank. Mohua has a Bachelors and Masters degree in Economics and an MBA, all from Boston University on an academic scholarship, and she has a Certificate in Public Private Partnerships from Harvard University.

Picture of Nitin DesaiNitin Desai has had a long and distinguished career in the Government of India and the United Nations. He has also worked for some time in private industry and taught at two UK Universities.

In the Government of India Mr. Desai worked at senior levels in the Planning Commission from 1973 to 1987. From 1988 to 1990 Mr. Desai was the Chief Economic Adviser and Secretary in the Department of Economic Affairs in the Ministry of Finance.

Mr. Desai joined the United Nations in 1990 as Deputy Secretary General of the Rio Earth Summit and was Under Secretary General from 1993 to 2003 dealing with economic and social affairs. Mr. Desai’s international involvement has been most prominent in the development and promotion of sustainable development as the goal of policy, first as Senior Adviser and key draftsman for “Our Common Future”, the Report of the Brundtland Commission on Environment and Development and then as Deputy Secretary-General for the Rio Earth Summit, the manager of the Commission on Sustainable Development for its first decade and as the Secretary General for the Johannesburg Summit. He was also responsible for the organisation of the Copenhagen Summit on Social Development, the Monterrey Summit on Finance for Development and many other global events.

After his retirement from the UN Mr. Desai continued to remain a Special Adviser to the UN Secretary General for Internet governance and chaired the Advisory Group that organizes the annual UN Internet Governance Forum till December 2010.

He chaired a Committee on Venture Capital and Technology Innovation set up by the Planning Commission in 2005-06 and the Advisory Panel on Transparency Standards set up by the Reserve Bank of India in 2007-08. He is also the Indian co-chair with Lord Chris Patten of the Indo-UK Roundtable set up by the two governments. He is a member of the Council on Climate Change chaired by the Prime Minister and was a member of the National Security Advisory Board 2008-10. He is also a member of the News Broadcasting Standards Authority.

He is an Honorary Fellow of the London School of Economics and Political Science, UK. In India he is a Distinguished Visiting Fellow at the Energy and Resources Institute (TERI) and Honorary Professor at the Indian Council for Research in International Economic Relations (ICRIER). He is connected with the governing bodies of several NGOs and research institutions including the Institute of Economic Growth whose Governing Body he chairs. He is a trustee of Worldwide Fund for Nature (WWF) International. He writes a monthly column for the Business Standard, an Indian daily.

Poverty, Climate, and Unemployment: Towards a World of Three Zeros

Thursday, September 16, 2021
10:00 a.m. – 11:00 p.m. EDT
via Zoom

We were pleased to invite you to a conversation with Nobel Peace Prize laureate Muhammad Yunus, the founder of the Grameen Bank in Bangladesh who created a model for combating poverty through microlending. He is the author of three books, including Banker to the Poor. The event was moderated by Prof. James Foster, Oliver T. Carr Jr Professor of International Affairs, Professor of Economics, and Vice Dean at the Elliott School of International Affairs. Prof. Foster is known for developing the Global Multidimensional Poverty Index (MPI) along with Dr. Sabina Alkire. Elliott School Dean Alyssa Ayres provided welcome remarks.

About the Speaker:

Picture of Muhammad YunusNobel Laureate Professor Muhammad Yunus is the founder of Grameen Bank, pioneering the concepts of microcredit and social business, founding more than 50 Social Business companies in Bangladesh. For his constant innovation and enterprise, the Fortune Magazine named Professor Yunus in March 2012 as “one of the greatest entrepreneurs of our time.” At the Opening Ceremony of the Olympic Games Tokyo 2020 Professor Yunus was conferred with the Olympic Laurel award for his extensive work in sports for development, bringing the concept of social business to the sports world.

In 2006, Professor Yunus and Grameen Bank were jointly awarded the Nobel Peace Prize.

Professor Muhammad Yunus is the recipient of 63 honorary degrees from universities across 26 countries. He has received 143 awards from 33 countries including state honours from 10 countries. He is one of only seven individuals to have received the Nobel Peace Prize, the United States Presidential Medal of Freedom and the United States Congressional Gold Medal. He has appeared on the cover of Time Magazine, Newsweek and Forbes Magazine.

Professor Yunus has been stressing the need for a basic decision of ‘No Going Back’ to the old ways of thinking and doing. He proposes to create new roads to go to a new destination by creating a World of 3 Zeros – zero net carbon emission, zero wealth concentration for ending poverty once and for all, and zero unemployment by unleashing entrepreneurship in everyone.

His recent focuses are:

a. Professor Yunus has been campaigning for making the Covid 19 Vaccine as a Global Common Good since June, 2020, urging the World Trade Organization to place a temporary waiver on Intellectual Property rights on vaccines to free up the global capacity to produce vaccines at all locations around the world.

b. Professor Yunus has launched a programme of creating a network of 3ZERO Clubs, each club to be formed by five young people. The programme aims to engage the global youth in initiating actions for creating solutions for global problems.

About the Moderator:

Picture of James FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Vice Dean of the Elliott School of International Affairs at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His joint 1984 Econometrica paper (with Joel Greer and Erik Thorbecke) is one of the most cited papers on poverty. It introduced the FGT Index, which has been used in thousands of studies and was employed in targeting the Progresa CCT program in Mexico. Other research includes work on economic inequality with Amartya Sen; on the distribution of human development with Luis Felipe Lopez-Calva and Miguel Szekely; on multidimensional poverty with Sabina Alkire; and on literacy with Kaushik Basu.

Professor Foster’s work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank.

Alyssa Aryes will provide welcome remarks.

Picture of Alyssa AryesAlyssa Ayres is Dean of the Elliott School of International Affairs at George Washington University. Dean Ayres is a foreign policy practitioner and award-winning author with senior experience in the government, nonprofit, and private sectors. She was Senior Fellow for India, Pakistan, and South Asia at the Council on Foreign Relations (CFR), where she remains an adjunct senior fellow. From 2010 to 2013 Ayres served as Deputy Assistant Secretary of State for South Asia in the Barack Obama administration, where she covered all issues across a dynamic region of 1.3 billion people at the time (Bangladesh, Bhutan, India, Maldives, Nepal, and Sri Lanka) and provided policy direction for four U.S. embassies and four consulates. Her work focuses primarily on India’s role in the world and on U.S. relations with South Asia in the larger Indo-Pacific. Her last book is, Our Time Has Come: How India is Making Its Place in the World (OUP, 2018). She holds a Ph.D. from the University of Chicago.

Social Protection and Multidimensional Poverty

Monday, November 8th, 2021
11:00 a.m. – 12:15 p.m. EDT
via Zoom

This was the fourth event in the continuation of our seminar series on Multidimensional Poverty Measurement, jointly hosted by the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford, the Human Development Report Office (HDRO) at the United Nations Development Programme (UNDP), and the Institute for International Economic Policy (IIEP) at George Washington University. Liyousew Borga (Postdoctoral Research Associate, Universite du Luxembourg) presented a paper and Catherine Porter (Director, Young Lives, Oxford Department of International Development, University of Oxford) discussed.

Abstract: We investigate the impact of three large-scale social-protection schemes in Ethiopia, India, and Peru on multidimensional poverty. Using data from the Young Lives cohort study, we show the trend, changes and evolution of multidimensional poverty for individuals in program participant households. We follow a number of strategies to produce estimates that deal with non-random program placement. Our findings show that both the incidence and intensity of multidimensional poverty declined in all three countries over the period 2006–2016, more so for program participants than non-participants. We find positive short-term impact on asset formation, livestock holding, and some living standard indicators. In all three countries these positive impacts are sustained even in the medium and longer-term.

About the Presenter:

Picture of Liyousew BorgaLiyousew Borga is a Postdoctoral Research Associate at the University of Luxembourg. Before that, he was a Junior Researcher at CERGE-EI (Center for Economic Research and Graduate Education – Economics Institute) in Prague, Czech Republic, where he did his PhD. His research interest lies in applied econometrics, mainly labor and development economics. He is particularly interested in the early origins and evolution of health and human capital; the role of intrahousehold resource allocation, and the measurement of poverty and vulnerability. The aim is to understand the mechanisms through which effective policy interventions and optimal choices of investment can help mitigate inequalities and promote health and human capital development.

About the Discussant:

Picture of Catherine PorterCatherine Porter is the Director of Young Lives and a Senior Lecturer at the Department of Economics, Lancaster University, UK. Her research interests are in applied microeconomics, often using panel or longitudinal datasets. Her focus is on the impact of unexpected events (shocks) on various outcomes such as nutrition, education and parental investments, how inequality develops through childhood into adolescence and early adulthood, and the effectiveness of policy in remediating such inequalities.

The Growing Importance of Decision-Making on the Job

Wednesday, September 15, 2021
2:30 p.m. – 4:00 p.m.
via Zoom

Joint Macro-International / Trade & Development Workshop

David Deming (Harvard University and NBER) presented his paper, “The Growing Importance of Decision-Making on the Job.”

Abstract: Machines increasingly replace people in routine job tasks. The remaining tasks require workers to make open-ended decisions and to have “soft” skills such as problem-solving, critical thinking and adaptability. This paper documents growing demand for decision-making and explores the consequences for life-cycle earnings. Career earnings growth in the U.S. more than doubled between 1960 and 2017, and the age of peak earnings increased from the late 30s to the mid-50s. I show that a substantial share of this shift is explained by increased employment in decision-intensive occupations, which have longer and more gradual periods of earnings growth. To understand these patterns, I develop a model that nests decision-making in a standard human capital framework. Workers predict the output of uncertain, context-dependent actions. Experience reduces prediction error, improving a worker’s ability to adapt using data from similar decisions they have made in the past. Experience takes longer to accumulate in high variance, non-routine jobs. I test the predictions of the model using data from the three waves of the NLS. Life-cycle wage growth in decision-intensive occupations has increased over time, and it has increased relatively more for highly-skilled workers.

Food Systems at a Crossroads: How to fix them and help people, economies, and the planet

Thursday, June 24, 2021
12 p.m. EDT
via Zoom

The empty grocery shelves and miles-long food bank queues we have seen during the COVID-19 pandemic have underscored the fragility of the highly centralized, “just-in-time” global food supply chain on which we all depend. But the food system’s weaknesses extend far beyond vulnerability to shocks. Food produced through the overuse of chemicals, in monoculture cropping systems, and intensive animal farming on land and at sea degrades natural resources faster than they can regenerate and causes over a third of all man-made greenhouse gas emissions. Crucially, this flawed system fails to feed the world, with billions of people chronically under- or over-nourished.

Nicoletta Batini and Bruce Friedrich in conversation with moderator Ann Florini explored the economic and financial policies needed to make food systems healthy for people and planet, alongside measures to boost ecosystem conservation to preserve the future of food security, providing several examples of successful country cases. The role of disruptive technologies and markets, like the booming sector of alternative proteins, will receive special attention.

Opening Remarks:

Picture of Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington, D.C., USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, Dr. Sharma was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, and his current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture, and the institutional structure and design of financial regulation.

About the Speaker:

Picture of Nicoletta BatiniNicoletta Batini is the Lead Evaluator of the International Monetary Fund’s (IMF) Independent Evaluation Office. Prior to the IMF, she was Advisor of the Bank of England’s Monetary Policy Committee, Professor of Economics at the University of Surrey, and Director of the International Economics and Policy Office of the Treasury in Italy. She holds a Ph.D. in international finance (S.S.S.U.P. S. Anna) and a Ph.D. in monetary economics (University of Oxford). Today her research focuses on the economics of energy and land and sea use transitions for climate mitigation. Her new book “The Economics of Sustainable Food: Smart Policies for People and the Planet” was just published by Island Press and the International Monetary Fund.

About the Discussant:

Picture of Bruce FriedrichBruce Friedrich is co-founder and executive director of the Good Food Institute. With branches in the United States, India, Israel, Brazil, Europe, and Asia Pacific, GFI is accelerating the production of plant-based and cultivated meat in order to bolster the global protein supply while protecting our environment, promoting global health, and preventing food insecurity. Bruce oversees GFI’s global strategy, working with directors and international managing directors to ensure that GFI is maximally effective at delivering mission-focused results. Bruce graduated from Georgetown Law and also holds degrees from Johns Hopkins University and the London School of Economics. Bruce was named 2021 “American Food Hero” by @EatingWell Magazine.

About the Moderator:

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management at Arizona State University, where she directs programs at the Washington, DC campus. She was previously Professor of Public Policy at Singapore Management University; founding Director of the Centre on Asia and Globalization at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations involving government, civil society and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

 

IIEP Rethinking Capitalism and Democracy Series

The COVID-19 pandemic, like the global financial crisis a decade ago, has laid bare the cracks in the leading capitalist democracies. Fissures in the political, social, economic, and financial orders, accompanied by an increasingly stressed natural environment, pose serious and possibly existential threats to these societies, as exploding income and wealth inequality subverts the integrity and fairness of markets and elections, weak regulatory oversight increases the likelihood and severity of the next crash, and the visible effects of climate change threaten lives and livelihoods and drive migrations. The three spheres of wellbeing – political and social, economic and financial, and the natural environment, are each becoming more fragile while their complex interrelationships are producing wicked challenges. The IIEP webinar series on Rethinking Capitalism and Democracy examines these difficult questions and possible policy responses.

 

Thunderbird Finance and Sustainability Series

The global financial system is facing new pressures to become “sustainable” – not only financially stable, but simultaneously environmentally friendly and socially inclusive. These pressures have emerged in reaction to the increasing financialization of the global economy and the sector’s failure to steer investment to meet the full needs of society. Top public authorities are rethinking financial regulation, coming together, for example, in the new Network of Central Banks and Supervisors for Greening the Financial System. The private sector has already moved rapidly from CSR to considering broad ESG (environmental, social, governance) risks and opportunities in investments. Some investors are exploring natural and social capital returns, along with financial metrics. New financial technologies (“fintech”) impose yet more pressures on incumbent institutions, but also offer opportunities for the creation of “citizen-centric” finance. Thunderbird’s Finance and Sustainability webinar series explores these developments with leading practitioners and thinkers.

The Use of Multidimensional Poverty and Vulnerability Indices in the Context of Health Emergencies

Monday, May 24, 2021
10 a.m. – 11:15 a.m. EDT
via Zoom

Health emergencies pose serious threats to human lives and livelihoods. They also risk exacerbating disadvantages by unequally affecting those who are already worse-off. Identifying how different population subgroups are unequally exposed, susceptible, or vulnerable to diseases, due to social, environmental, and economic implications of health emergencies is vital in developing equitable preparedness, response and recovery measures.

WHO and the Oxford Poverty and Human Development Initiative (OPHI) have been collaborating to explore how the global Multidimensional Poverty Index (global MPI) and national multidimensional poverty and vulnerability indices (MPIs or MVIs) could be used  in health emergencies, especially in the face of COVID-19 pandemic and its socio-economic consequences. This talk provides a brief overview of how MPIs and MVIs can be used in health emergencies to prevent or mitigate the impacts and to prevent exacerbation of pre-existing inequalities and deprivation. It presents four ways of using multidimensional measures in health emergency contexts, drawing examples from recent studies.

The use of multidimensional measures in the context of health emergencies is new, which invites further discussion, study and exploration by wider stakeholder groups.

 

This event and seminar series was jointly organized with the Oxford Poverty & Human Development Initiative (OPHI) and the UNDP Human Development Report Office.

Meet the Presenter: 

Dr Niluka Wijekoon is a medical epidemiologist. She works in the Emergencies Programme at WHO headquarters in Geneva, in the Department of Health Information Management and Risk Assessment.

Dr Niluka is a technical expert in surveillance, early warning, alert and response in emergency settings. She has started her public health career with the United Nation’s International Organization for Migration (IOM) as the Emergency Health Coordinator in Sri Lanka, during the ethnic crisis. She has first joined WHO in 2011 as the Officer in Charge (OIC) of WHO’s emergency hub in Vavuniya, Sri Lanka. She has been with WHO headquarters since 2014 and has worked in emergencies and outbreaks around the world, including in Ethiopia, Kenya, Liberia, Sierra Leon, Guinea, Nigeria, South Sudan, Mozambique, Rohingya crisis is Bangladesh, NE Syria, Yemen, DRC, and Indonesia.  Dr Niluka also manages WHO’s electronic tool for early warning, alert and response named EWARS-in-a-Box, an innovative solution for outbreak detection in emergency settings. 

Before embarking on a public health career, Dr Niluka worked as an emergency physician in both public and private healthcare sectors. She obtained her Master of Public Health from The University of Sheffield, UK and Master of Biostatistics and Epidemiology from French School of Public Health, Paris, France (École des hautes études en santé publique). 

Dr Niluka has been a human rights and gender champion from the onset of her career. She is the Gender, Equity and Human Rights (GER) focal person for her department at WHO and also an active member of the team which leads the research brief on using multidimensional poverty and vulnerability indices to inform equitable policies and interventions in preparedness for, response to and recovery from health emergencies.

Meet the Discussant: 

Juan Daniel Oviedo was appointed Chief Statistician of Colombia in August 2018. He has international professional experience in economic consulting for energy markets, and national experience in government and teaching. Previously, he was the Director of Institutional Planning and Research (2016-2018) and Director of the PhD School of Economics (2013-2016) at the Universidad del Rosario of Bogotá. In addition, he was the Founding Partner and Chief Director of LEICO Consultores (2011-2018), a leading consulting firm which performed as an expert opinion both for the private and public sector in regulated industries in Colombia and Latin America. He holds a permanent academic position at Universidad del Rosario of Bogotá (Colombia) since 2005. Juan has a PhD in economics from the University of Toulouse 1 (France) and BA in economics from the Universidad del Rosario of Bogotá (Colombia). 

 

 

8th Annual Conference Washington Area Development Economics Symposium (WADES)

Thursday, May 13, 2021 – Friday, May 14, 2021 

The Washington Area Development Economics Symposium (WADES) is an annual research conference which highlights academic work from researchers at leading economics institutions in development economics in the Washington DC area. Researchers from George Washington University, University of Maryland, Georgetown University, Johns Hopkins University, University of Virginia, the World Bank, the International Food Policy Research Institute (IFPRI), American University, George Mason University, and the Center for Global Development are all participants in the symposium. The 2021 virtual-WADES will be hosted by the Georgetown University Initiative for Innovation, Development, and Evaluation.

Agenda

Thursday, May 13, 2:00 pm – 6:00 pm

2:00 – 2:30: Faculty Presentation:

Remi Jedwab (GWU): “Estimating the Spillover Effects of Foreign Conflict: Evidence from Boko Haram”

2:45 – 3:30: Student Presentation:

Deniz Sanin (Georgetown): “Do Domestic Violence Laws Protect Women from Domestic Violence? Evidence from Rwanda”

Discussant: Kenneth Leonard (Maryland)

3:45 – 4:15: Washington Area Research Showcase: Poster Session

4:30 – 5:15: Student Presentation:

Tomohiro Hara (Maryland): “Radio and racism during Apartheid”

Discussant: Alessandra Fenizia (GWU)

5:30 – 6:00: Faculty Presentation:

Shan Aman-Rana (UVA): “Gender, information exchange and choice over co-workers: experimental evidence” (with Clement Minaudier, Brais Alvarez Pereira, and Shamyla Chaudry)

Friday, May 14, 2:00 pm – 5:30 pm

2:00 – 2:30: Faculty Presentation:

M. R. Sharan (Maryland): “Something to Complain About: How Minority Representatives Overcome Ethnic Differences”

2:45 – 3:30: Student Presentation:

Luan Santos (UVA): “Deadly Politics: Political Connections, Intergovernmental Transfers, and Mortality”

Discussant: Jishnu Das (Georgetown)

3:30 – 4:00: Coffee Break

4:00 – 4:45: Student Presentation:

Federico Haslop (GWU): “Climate Change, Rural Livelihoods and Urbanization: Evidence from the Permanent Shrinking of Lake Chad”

Discussant: Gaurav Chiplunkar (UVA)

5:00 – 5:30: Faculty Presentation:

Catherine Michaud Leclerc (Georgetown): “Private School Entry, Sorting, and Performance of Public Schools: Evidence from Pakistan”

A Multi-Country Analysis of Multidimensional Poverty in Contexts of Forced Displacement

Monday, May 10, 2021
10:00 a.m. EDT

Although forcibly displaced communities face many simultaneous deprivations in their daily lives, in access to education, food security, adequate housing, etc., there is relatively little research on how the multidimensional poverty of these populations differs in both level and composition from that of host communities. This paper presents a multi-country descriptive analysis of multidimensional poverty among forcibly displaced populations and host communities. The paper uses household survey data containing detailed household information and displacement-specific information from Ethiopia, Nigeria, Somalia, South Sudan, and Sudan to create a Multidimensional Poverty Index (MPI) that captures the overlapping deprivations experienced by poor individuals and households in these countries. It then uses this MPI to explore relationships between multidimensional poverty, displacement status, and gender of the household head, as well as examining the mismatches and overlaps between MPI and monetary poverty. The results reveal significant differences across displaced and host communities in all countries except Nigeria. In three of the countries (Ethiopia, South Sudan, Sudan) female-headed households have higher MPIs, while in Somalia, those living in male-headed households are more likely to be identified as multidimensionally poor. They also find mismatches between the proportion of people classified as poor by the MPI and the international $1.90/day monetary poverty line, which verifies the need for complementary measures when assessing deprivations among the forcibly displaced.

Meet the Presenter:

Yeshwas Admasu Bogale is part of the Research Fellow in Forced Displacement program which is supported by the FCDO-UNHCR-WB program on building the evidence on forced displacement. He is working on the Gender Dimensions of Forced Displacement research program. In his current research, he examines the gender differences in access to resources and opportunities for restoring livelihoods among refugees in Ethiopia. His main research interests are in development economics and agricultural economics, with a special focus in applying impact evaluation techniques. He has a PhD in economics from Heriot-Watt University in United Kingdom and MSc in Economics from the University of Copenhagen.

Meet the Discussant:

Anna Gaunt joined UNHCR’s Regional Bureau for East, the Horn and the Great Lakes in January 2020, taking up the role of Senior Livelihoods and Economic Inclusion Officer. She has over 18 years’ experience in the implementation of international donor-funded humanitarian and development programmes focusing on the economic inclusion of vulnerable populations in the Middle East and Africa.

Anna re-established the Economic Inclusion Exchange East Africa and co-chairs the working group together with NRC. The forum includes members of regional INGOs, UN agencies, IFIs, CSOs, and research institutes across the humanitarian-development nexus operating in East Africa, the Horn and the Great Lakes region. It stimulates discussions, research, and sharing of best practices related to the livelihoods and economic inclusion of refugee, returnees, other persons in displacement and their host communities. It is an open platform for partners to discuss advocating, researching, investing and realizing projects that strengthen self-reliance and resilience, reduce the need of assistance, contribute to economies, increase protection and enhance durable solutions.

 

About the Event Series

The Institute for International Economic Policy (IIEP) at George Washington University and the Oxford Poverty and Human Development Initiative (OPHI), with the support of the United Nations Development Programme’s Human Development Report office (UNDP HDRO), are pleased to host a special seminar series on the global Multidimensional Poverty Index (global MPI). Goal 1 of the Sustainable Development Goals (SDGs) is to end poverty in all its forms and dimensions. The global MPI 2020 offers a tool to make progress towards this goal.

Produced in partnership with the UNDP HDRO, the global MPI 2020 compares acute multidimensional poverty for 107 countries in developing regions and provides a detailed image of who is poor and how they are poor. It offers both a global headline and a fine-grained analysis covering 1,279 sub-national regions, and important disaggregation such as children, and people living in urban or rural areas, together with the indicator deprivations of each group. Bringing together the academic and policy spheres, this series of seminars will highlight topics such as sensitivity analyses, overlapping deprivations, changes over time (poverty trends), and inequality using the global data. The sessions will also include work that applies the global MPI methodology, the Alkire Foster method, to innovative measures.

The seminars are taking place online on Mondays at 10 a.m. EST. They will be hosted by IIEP Co-Director Professor James Foster and are open to everyone focused on improving the lived experience of those who are deprived.

The Policy and Advocacy Use of Multidimensional Poverty Measures

Monday, April 26, 2021
10:00am EDT
via Zoom

Policy and programme impacts of multidimensional (child) poverty measurement

Multidimensional poverty measures are being used increasingly widely, and indeed included in the Sustainable Development Goals which require countries to reduce at least by half the proportion of men, women and children of all ages living in poverty in all its dimensions according to national definitions by 2030. Despite this increased prominence and adoption of multidimensional poverty measures both at the global and national level – including by UNICEF country offices, there have been few if any comprehensive assessments on the policy and programme use of multidimensional poverty measures.

The talk, and the paper behind it, aims to address this knowledge gap to understand how in practice multidimensional poverty measures – with a focus on child poverty – have been used to guide policy makers and practitioners towards poverty reduction. Accordingly, rather than focus on possible or conceptual pathways of impact, the work intends to review real world examples of how measures have been used to better understand their potential and their limits.

Meet the Presenters:

Sola Engilbertsdottir is a Social Policy Specialist at UNICEF Headquarters in NY and has 14 years of social policy and research experience with UNICEF, with a specific focus on child poverty. She has broad experience working in the East Africa region, in Kenya she supported a decentralized social budgeting initiative and the development of the Kenyan social protection strategy. With UNICEF Rwanda she managed the first ever Rwandan multidimensional child poverty analysis and the evaluations of a child sensitive social protection pilot and an integrated ECD programme. Between 2008 and 2012 Sola provided research and policy advocacy support to over 50 countries participating in a Global Study on Child Poverty and Disparities. She currently supervises UNICEF’s child poverty efforts, including support to UNICEF country offices in measuring child poverty and translating child poverty evidence into policy action. Prior to joining UNICEF Sola was a social worker in her native country, Iceland. She holds a degree in Anthropology, as well as a degree in Social Work from the University of Iceland and an MPA from Columbia University.

Picture of David StewartDavid Stewart began his career at the Global Human Development Report of UNDP where he spent 6 years working on the Human Development Reports and indices and researched, wrote and presented Reports on Human Rights, Democracy, the Millennium Development Goals, New Technologies, Cultural Freedom and Development Assistance. Between 2005 and 2010 he worked with UNICEF in New York working initially on State of the World’s Children, and subsequently led the organisation’s work on Policy Advocacy. David spent 4 years as Chief of Social Policy and Evaluation for UNICEF Uganda where he has worked on a range of social policy issues including child poverty, social protection, and public finance for children. He is currently the Chief of the Child Poverty and Social Protection Unit for UNICEF in New York, where he works on measurement, technical support to country and regional offices and global advocacy in the areas of social protection and child poverty. Recent work includes “A World Free from Child Poverty” a practitioner’s guide to achieving the SDGs on child poverty, “Making Cash Transfers Work for Children and Families” and he is currently working on universal child grants and developing UNICEF’s updated social protection framework. He co-chairs the Global Coalition to End Child Poverty, and holds a degree in Economics from the University of Sussex and a Masters in Development Economics from the University of Oxford.

Meet the Discussants:

Gonzalo Hernandez LiconaGonzalo Hernández Licona is Director of the Multidimensional Poverty Peer Network (MPPN), providing strategic direction to the activities of the South-South network of 60 countries and 20 international agencies sharing best practice on how to measure multidimensional poverty.

He was formerly the Executive Secretary of the National Council for the Evaluation of Social Development Policy (CONEVAL) in Mexico, which is responsible for evaluating social development programmes and carrying out the country’s poverty measurement. Previously, he was Head of Evaluation and Monitoring at the Ministry of Social Development in Mexico.

Between 2017 and 2019 he was the author, together with 14 scientists of the 2019 Global Development Sustainable Report for the United Nations. He was full-time Chair Professor at the Autonomous Institute of Technology of Mexico (ITAM) in the Economy Department from 1991–1992 and 1996–2002. He has taught Development Economics at ITAM since 2003.

Peace in the Age of Chaos

Thursday, April 22, 2021
5:00 pm – 6:30 pm EDT
via Zoom

The major challenges facing humanity are global in nature – climate change, pandemics, ever decreasing biodiversity, lack of usable fresh water and food security to name a few. Without a world that is basically peaceful, we will never get the levels of trust, cooperation and inclusiveness needed to solve these issues – yet, what creates peace is poorly understood.

In his ground-breaking new book, Peace in the Age of Chaos: The Best Solution for a Sustainable Future, Steve Killelea, founder of both the Global Peace Index and the world-renowned think tank, the Institute for Economics and Peace (IEP), shares his personal journey to study, understand and measure peace – a peace that is a positive, tangible and achievable measure of human wellbeing and progress.

This was a discussion with Steve about his new book; why he believes peace is a prerequisite for the survival of society as we know it in the 21 st century; and how Positive Peace, when combined with systems thinking, provides an exciting new way to conceptualise how societies function and a new approach to solving some of the most intractable problems of our time.

Meet the presenter:

Picture of Steve KilleleaAs a global philanthropist, Steve Killelea has laid the foundations to develop an entirely new understanding of peace. As a thought leader, he has reshaped the entire concept to recognise its integrity to the revival of our economic and political systems. Few have provoked global thought amongst both policymakers and members of the public quite to the extent of Steve. An international entrepreneur behind the global think tank, the Institute for Economics and Peace, he combines a highly successful career in technology with a philanthropic focus on peace and sustainable development to shed new light on issues, from terrorism and conflict to economics and prosperity.

Steve harbours over a decade’s worth of award-winning experience, delving into the crucial yet misunderstood concept of global peace. He founded the Institute for Economics and Peace (IEP) in 2007, as an independent not for profit global research institute analysing the intertwined relationships between business, peace, and economic development. Steve’s funding and thought leadership behind the Institute would see him recognised as one of the World’s 100 Most Influential People on reducing the onset of armed violence. IEP global leadership extends to calculating the economic cost of violence, measuring peace, risk analysis of a nation’s threat levels, and a new understanding of “Positive Peace” – an eight- pillar model embracing the attitudes, institutions, and structures required to create and sustain peaceful societies. As one of the world’s most impactful think tanks, its research is extensively used by multi-laterals, including the United Nations, World Bank, Organisation for Economic Co-operation and Development (OECD), as well as thousands of university courses around the world. He is also the founder of the Global Peace Index, the world’s leading quantitative measurement of global peacefulness, ranking 163 countries, and independent territories.

Meet the discussant:

Picture of Pedro ConceiçãoSince January 2019, Pedro Conceição is Director of the Human Development Report Office, United Nations Development Programme (UNDP). Prior to that, from October 2014, he was Director, Strategic Policy, at the Bureau for Policy and Programme Support of UNDP, where he co-led the UN’s participation in the G20 Finance and Central Bank Governors Meetings, managed UNDP’s engagement in the Financing for Development processes, and contributed to articulate UNDP’s support to the implementation of the 2030 Agenda and the Sustainable Development Goals. Before that, he was Chief-Economist and Head of the Strategic Advisory Unit at the Regional Bureau for Africa (from 1 December 2009).

Prior to this, he was Director of the Office of Development Studies (ODS) from March 2007 to November 2009, and Deputy Director of ODS, from October 2001 to February 2007. His work on financing for development and on global public goods was published by Oxford University Press in books he co-edited (The New Public Finance: Responding to Global Challenges, 2006; Providing Global Public Goods: Managing Globalization, 2003).

He has published on inequality, the economics of innovation and technological change, and development in, amongst others journals, the African Development Review, Review of Development Economics, Eastern Economic Journal, Ecological Economics, Environmental Economics and Policy Studies, and Technological Forecasting and Social Change. He co-edited several books including: Innovation, Competence Building, and Social Cohesion in Europe- Towards a Learning Society (Edward Elgar, 2002) and Knowledge for Inclusive Development (Quorum Books, 2001).

Prior to coming to UNDP, he was an Assistant Professor at the Instituto Superior Técnico, Technical University of Lisbon, Portugal, teaching and researching on science, technology and innovation policy. He has degrees in Physics from Instituto Superior Técnico and in Economics from the Technical University of Lisbon and a PhD. in Public Policy from the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin, where he studied with a Fulbright scholarship.

Matthew Levinger is Research Professor of International Affairs at the George Washington University. He directs the National Security Studies Program, an executive education program for senior officials from the U.S. government and its international partners, as well as the Master of International Policy and Practice Program at GW’s Elliott School of International Affairs. Before joining GW, he was Senior Program Officer at the United States Institute of Peace, where he developed and taught executive education programs on international conflict analysis and prevention for foreign policy professionals from the United States and overseas. From 2005 to 2007, Levinger was Founding Director of the Academy for Genocide Prevention at the U.S. Holocaust Memorial Museum. At the Holocaust Museum, he played a key role in launching “Crisis in Darfur,” a joint initiative of the Museum and Google Earth, as well as the Genocide Prevention Task Force, co-chaired by former Secretary of State Madeleine Albright and former Secretary of Defense William Cohen.  Before moving to Washington, he was associate professor of History at Lewis & Clark College in Portland, Oregon; he has also taught at Stanford University. In 2003-2004, he was a William C. Foster Fellow at the U.S. Department of State. He has consulted for organizations including the World Bank, IREX, the National Democratic Institute, and the UN Department of Peacekeeping Operations.

Levinger’s research and teaching have focused on conflict analysis and prevention, as well as the history of nationalism, revolutionary politics, and genocide. His handbook Conflict Analysis: Understanding Causes, Unlocking Solutions was published by the U.S. Institute of Peace Press in 2013.  He is also the author of Enlightened Nationalism: The Transformation of Prussian Political Culture, 1806-1848 (Oxford, 2000) and coauthor of The Revolutionary Era, 1789-1850 (Norton, 2002). He received his B.A. from Haverford College and his Ph.D. in History from the University of Chicago.

Meet the Moderator: 

Picture of Sabina AlkireSabina Alkire directs the Oxford Poverty and Human Development Initiative (OPHI), a research centre within the Oxford Department of International Development, University of Oxford. Dr Alkire works on a new approach to measuring poverty and well-being that goes beyond the traditional focus on income and growth. This multidimensional approach to measurement includes social goals, such as health, education, nutrition, standard of living and other valuable aspects of life. She devised a new method for measuring multidimensional poverty with her colleague James Foster (OPHI Research Associate and Professor of Economics at George Washington University) that has advantages over other poverty measures and has been adopted by the Mexican Government, the Bhutanese Government in their ‘Gross National Happiness Index’ and the United Nations Development Programme. Dr Alkire has been called upon to provide input and advice to several initiatives seeking to take a broader approach to well-being rather than just economic growth, for example, the Commission on the Measurement of Economic Performance and Social Progress (instigated by President Sarkozy); the United Nations Human Development Programme Human Development Report Office; the European Commission; and the UK’s Department for International Development.

 

This event was co-sponsored by the Institute for Economics and Peace, the Oxford Poverty & Human Development Initiative (OPHI), the UNDP Human Development Report Office (UNDP-HDRO), and the Institute for International Economic Policy (IIEP).

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Quality-adjusted Population Density

Tuesday, April 13, 2021
12:30pm – 2:00pm
via Zoom

About the Presenter:

Picture of Vernon HendersonJ. Vernon Henderson joined the London School of Economics in September 2013 as School Professor of Economic Geography, having previously been Eastman Professor of Political Economy at Brown University, USA.

His research focuses on urbanization in developing countries, looking both within and across cities and regions. His current research looks at topics such as the evolution of the urban system in sub-Saharan Africa; factor market distortions, city size and welfare in China; spatial equilibrium models; the dynamics of investment in the built environment in cities, how colonial legacy affects sprawl and the spatial layout of cities; the link between ethno-linguistic diversity and urban concentration worldwide; and the role of geography and history in economic development.

His recent work is published in journals such as the Quarterly Journal of Economics, American Economic Review, Review of Economic Studies, Science and Journal of Development Economics. He has been a co-editor of the Journal of Urban Economics and the Handbook of Regional and Urban Economics, and serves on a number of editorial boards. He is a founder and past President of the Urban Economics Association.

Over the years, he has worked with governments in Asia and Africa directly or indirectly through institutions such as the World Bank and DFIDic on formulating urban policies.

Paper: Quality-adjusted Population Density, joint with Adam Storeygard (Tufts) and David Weil (Brown)

Abstract: Quality-adjusted population density (QAPD) is population divided by l and area that has been adjusted for geographic characteristics. We derive weights on these geographic characteristics from a global regression of population density at the quarter-degree level with country fixed effects. We show, first, that while income per capita is uncorrelated with conventionally measured population density across countries, there is a strong negative correlation between income per capita and Q APD; second, that the magnitude of this relationship exceeds the plausible structural effect of density on income, suggesting a negative correlation between QAPD and productivity or factor accumulation; and third, that higher Q APD in poor countries is primarily due to population growth since 1820. We argue that these facts are best understood as results of the differential timings of economic takeoff and demographic transition across countries, and particularly the rapid transfer of health technologies from early to late developers.

Africa after COVID-19: Charting a New Course for Economic Growth and Development

Tuesday, March 9, 2021
10:00am – 11:30am
via Zoom

Join IIEP and the Institute for African Studies for a discussion with Dr. Ibrahim Mayaki, CEO of the African Union Development Agency/NEPAD; Dr. Vera Songwe, Executive Secretary of the UN Economic Commission for Africa, and Dr. Khaled Sherif, Vice President for Regional Development, Integration, and Business Delivery at the African Development Bank, on charting Africa’s path out of economic crisis toward a more resilient future.
 
The COVID-19 pandemic has swept across the world with devastating impact on human health and livelihoods,  deepening existing vulnerabilities and disparities within societies, national economies, and the global system. African economies shrank by an average 2.1 percent in 2020 and will emerge from the crisis weakened and more deeply in debt. The crisis compels new thinking on the path to recovery and redressing national and global economic inequality and fragility. What new tools and approaches are needed to speed Africa’s economic recovery and build future reslience? What role for African-based and global multilateral institutions in recovery and growth? What entry points for broader international solidarity and  support? Ours speakers are leaders at the forefront of these debates within African multilateral insitutions and global fora.
 

Co-sponsors:
GWU Institute for African Studies

Meet the Speakers: 

Dr. Ibrahim Assane MayakiDr. Ibrahim Assane Mayaki of the Republic of Niger is the CEO of the African Union Development Agency/New Economic Partnership for African Development (AUDA-NEPAD), mandated to facilitate and coordinate  implementation of regional and continental priority development programs and projects.  Dr. Mayaki served as Prime Minister of Niger from 1997-2000 and previously as Minister of Foreign Affairs and Minister in Charge of African Integration and Cooperation. Dr. Mayaki holds a Masters degree from the National School of Public Administration (Enap), Quebec, Canada and a PhD.

 

dr. vera songweVera Songwe of Cameroon is Executive Secretary of the UN Economic Commission for Africa, appointed in April 2017. She previoulsy served as the International Finance Corporation’s Regional Director for West and Central Africa, World Bank Country Director for Senegal, Cape Verde, Gambia, Guinea-Bissau and Mauritania, and Adviser to the Managing Director of the World Bank for the Africa. She holds a PhD in Mathematical Economics at the Centre for Operations Research and Econometrics, an MA in Law and Economics, a Diplôme d’Etudes Approfondies in Economic Sciences and Politics from the Université Catholique de Louvain, and a BA  in Economics and Political Science from the University of Michigan.

 

Dr. Khaled Sherif is Vice President for Regional Development, Integration, and Business Delivery at the African Development Bank. Previously, he held several senior positions at the World Bank, including Sector Manager for the Private and Financial Sector Development department and Chief Administrative Officer for Africa Resource Management Unit. He has worked at the Agency for International Development in Egypt and at Ministry of Cabinet Affairs and Administrative Development also in Egypt He holds a B.A and an M.A. in Economics and an M.A. in Political Science from the American University in Cairo; and holds a Ph. D. in Public Policy and Management at Boston University.

Growth Elasticity of Multidimensional Poverty in India Between 2005/06 and 2015/16

Monday, March 8, 2021
10:00am – 11:15am
via WebEx

Post-reform India has generated high economic growth, yet progress in income poverty and many other key development outcomes has remained modest. This paper seeks to explore how inclusive has Indian economic growth been in terms of reducing multidimensional poverty between 2005-06 and 2015-16, employing a constellation of elasticity and semi-elasticity measures – each capturing different forms and components of inclusivity. We assess multidimensional poverty by the well-known Multidimensional Poverty Index (MPI). A growth elasticity measure captures the percentage change (relative) in a target variable due to a one percent economic growth; whereas, a growth semi-elasticity measure captures the absolute change in a target variable due to a one percent economic growth. Our estimates show that, nationally, a one percent annual economic growth during the study period is associated with 0.0027 units (absolute) or 1.34 percent (relative) annual reduction in the MPI. Our estimates of horizontal inclusiveness, assessed by the change in state MPIs associated with a one percent of national economic growth, show a wide variation across states. For instance, for every one percent national economic growth, the MPI in Bihar falls only by 0.96 percent, but the MPI in Kerala falls by 3.79 percent. Our analyses and application in the paper demonstrate the efficacy of these tools for measuring inclusiveness of economic growth in terms of reducing multidimensional poverty as well as inform policy.

Co-sponsors:
Oxford Poverty and Human Development Initiative (OPHI)
UNDP Human Development Report Office

About the Presenter:

pic of Dr Suman SethDr. Suman Seth is an associate professor at the Leeds University Business School. He joined the business school in 2015. He is also a Research Associate at the Oxford Poverty and Human Development Initiative (OPHI) within the Oxford Department of International Development at the University of Oxford. He obtained a PhD degree in Economics from Vanderbilt University in the USA. After his PhD, he served as a Research Office and as a Senior Research Officer at OPHI between 2010 and 2015. He is primarily interested in Development Economics with a particular emphasis on measurement methodologies and policy-oriented applications. Previously, he has served as consultants to the Regional Bureau of Latin America and the Caribbean, United Nations Development Programme (UNDP), to the Development Research Groups at the World Bank, and to the Asian Development Bank.

About the Discussant:

Ajay Chhibber is Distinguished Visiting Scholar, Institute for International Economic Policy, Elliott School of International Affairs, George Washington University and Non-Resident Senior Fellow, the Atlantic Council, Washington DC.

He was the Chief Economic Advisor, Federation of Indian Chambers of Commerce and Industry (FICCI). He was earlier the first Director General (Minister of State) , Independent Evaluation Office, Government of India and Distinguished Visiting Professor at the National Institute of Public Finance and Policy (NIPFP), India – affiliated institute of the Ministry of Finance – where he completed a major study on India’s Public Sector Enterprises.

He held senior positions at the UN as Assistant Secretary General and Assistant Administrator, UNDP and managed their program for Asia and the Pacific. At the World Bank he served as Country Director in Turkey and Vietnam and Division Chief for Indonesia and the Pacific and Lead Economist, West Africa Department. He was also Director of the 1997 World Development Report on the Role of the State. He also worked in the World Bank’s Research Department, as Advisor to the Chief Economist of the World Bank and at the Public Economics Division.

He has a Ph. D from Stanford University, a Masters from the Delhi School of Economics. He also has attended advanced management programs at the Harvard Business School, Harvard University and INSEAD, France. He taught at Georgetown University and at the University of Delhi. He has published widely including 5 books in development economics, and is a contributor (columnist) to several newspapers.

He is now writing a book on “India: A Reset for the 21st Century” under contract with Harper-Collins.

About the Moderators:

Picture of Sabina AlkireSabina Alkire directs the Oxford Poverty and Human Development Initiative (OPHI), a research centre within the Oxford Department of International Development, University of Oxford. Dr Alkire works on a new approach to measuring poverty and well-being that goes beyond the traditional focus on income and growth. This multidimensional approach to measurement includes social goals, such as health, education, nutrition, standard of living and other valuable aspects of life. She devised a new method for measuring multidimensional poverty with her colleague James Foster (OPHI Research Associate and Professor of Economics at George Washington University) that has advantages over other poverty measures and has been adopted by the Mexican Government, the Bhutanese Government in their ‘Gross National Happiness Index’ and the United Nations Development Programme. Dr Alkire has been called upon to provide input and advice to several initiatives seeking to take a broader approach to well-being rather than just economic growth, for example, the Commission on the Measurement of Economic Performance and Social Progress (instigated by President Sarkozy); the United Nations Human Development Programme Human Development Report Office; the European Commission; and the UK’s Department for International Development.

Picture of James E. FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autónoma del Estado Hidalgo (Mexico).

About the Event Series

The Institute for International Economic Policy (IIEP) at George Washington University and the Oxford Poverty and Human Development Initiative (OPHI), with the support of the United Nations Development Programme’s Human Development Report office (UNDP HDRO), are pleased to host a special seminar series on the global Multidimensional Poverty Index (global MPI). Goal 1 of the Sustainable Development Goals (SDGs) is to end poverty in all its forms and dimensions. The global MPI 2020 offers a tool to make progress towards this goal.

Produced in partnership with the UNDP HDRO, the global MPI 2020 compares acute multidimensional poverty for 107 countries in developing regions and provides a detailed image of who is poor and how they are poor. It offers both a global headline and a fine-grained analysis covering 1,279 sub-national regions, and important disaggregation such as children, and people living in urban or rural areas, together with the indicator deprivations of each group. Bringing together the academic and policy spheres, this series of seminars will highlight topics such as sensitivity analyses, overlapping deprivations, changes over time (poverty trends), and inequality using the global data. The sessions will also include work that applies the global MPI methodology, the Alkire Foster method, to innovative measures.

The seminars are taking place online on Mondays at 10 a.m. EST. They will be hosted by IIEP Co-Director Professor James Foster and are open to everyone focused on improving the lived experience of those who are deprived.

 

India’s Farm Laws

Friday, February 26, 2021
9:00 a.m. – 10:30 a.m.
via WebEx

This was the seventh webinar in the “Envisioning India” series, co-sponsored by the Sigur Center for Asian Studies and the Institute for International Economic Policy. It is a platform for dialogue and debate. We invited you to engage with us in this series of important discussions.

The “Envisioning India” series is organized under the stewardship of IIEP Co-Director James Foster, Oliver T. Carr, Jr. Professor of International Affairs and Professor of Economics, and IIEP Distinguished Visiting Scholar Ajay Chhibber. The seventh event on “India’s Farm Laws” featured Kaushik Basu, Mahendra Dev, and Sudha Narayanan. The discussion was moderated by IIEP Co-Director Jay Shambaugh.

In September 2020, the Indian Parliament passed 3 farm acts: The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020; Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, 2020; Essential Commodities (Amendment) Act, 2020. The laws allow farmers to sell outside regulated government markets, allow contractual farming and remove cereals, onion, potato and oil seed from the essential commodities list. The laws ostensibly designed to modernize the farm sector have generated huge protests in India, led to violence on India’s Republic Day, January 26, and continue unabated. Farm Associations and many experts consider them anti-farmer, whereas others think these reforms are necessary to move Indian agriculture forward. India’s farm sector provides only 15% of India’s GDP but provides livelihood for almost 50% of the population. The stakes are indeed high.

Our distinguished panel of experts debate the laws, place them in a broader context of India’s agricultural sector problems and suggest possible solutions.

About the speakers: 

Kaushik Basu is Professor of Economics and Carl Marks Professor of International Studies at Cornell University. He is currently the President of the International Economic Association and a nonresident senior fellow in the Global Economy and Development program at the Brookings Institution. He recently served as Chief Economist at the World Bank and before that was Chief Economic Adviser to the Government of India. During his four years at the Bank he co-taught a popular course in the Elliott School with James Foster, entitled Introduction to Game Theory and Strategic Thinking, which every week brought 150 GW students and many visitors from the Bank and other neighboring institutions to the Harry Harding Auditorium of the Elliott School. One class per term was held in Preston Auditorium of the World Bank. As one student commented “Being taught by Prof. Basu was definitely an only at GW moment!” He has now returned to Cornell but fondly remembers his time in DC – especially his weekly chats with GW students and his daily strolls across the GW campus from home to work in the Bank, and back again.

Professor Basu has research interests that span across development economics, welfare economics, game theory, industrial organization, and law. As a professor at the Delhi School of Economics, he founded the Centre for Development Economics in 1992 and served as its first Executive Director. Kaushik Basu holds a B.A. in Economics from St. Stephen’s College, Delhi University, and M.Sc. and PhD in Economics from the London School of Economics, and several honorary degrees, including doctorates from IIT Bombay, Fordham University New York, Bath University, England, and the University of Florence. His recent books are “An Economist in the Real World” and “The Republic of Beliefs.”

S. Mahendra Dev has been the Director and Vice Chancellor of the Indira Gandhi Institute of Development Research (IGIDR) in Mumbai, India, since 2010. Prior to this, he was Chairman of the Commission for Agricultural Costs and Prices for the Ministry of Agriculture of the Government of India, Director of the Centre for Economic and Social Studies in Hyderabad, and Acting Chairman of the National Statistical Commission of the Government of India. He is a recipient of the Malcolm Adiseshiah Award for outstanding work on development studies and has approximately 120 research publications in international and national journals in the areas of agricultural development, poverty, public policy, inequality, food security, nutrition, employment guarantee schemes, social security and farm and nonfarm employment. He has written or edited 20 books, including Inclusive Growth in India. He is a member of the Board of Trustees of the International Food Policy Research Institute and was nominated to serve as Vice Chair of the Board beginning in 2018. He has been a consultant and adviser to many international organizations, including the United Nations Development Programme, the World Bank, the International Labour Organization, the Food and Agriculture Organization of the United Nations, United Nations Economic and Social Commission for Asia and the Pacific, UNICEF, UNESCO, the UK Department for International Development, and the Organization for Economic Cooperation and Development. He received his PhD from the Delhi School of Economics and completed his postdoctoral research at Yale University.

Sudha Narayanan joined IFPRI’s South Asia Regional Office in December 2020 as a research fellow. Sudha’s research interests straddle agriculture, food and nutrition policy, and human development. She is particularly interested in survey-based research using micro econometric approaches to understand broader questions of agrarian change and state delivery systems for nutrition security. Her research focuses on contract farming, agrifood value chains, technology adoption in agriculture, public policies for food security and employment and agriculture-nutrition linkages.

She was previously an Associate Professor at the Indira Gandhi Institute of Development Research (IGIDR), Mumbai. She obtained a PhD from Cornell University in 2011, specialising in agricultural economics. She earlier obtained M.A. and M.Phil. degrees in Economics from the Delhi School of Economics, India. Prior to studying for a doctoral degree, Sudha worked with the Institute of Economic Growth, Delhi, the Right to Food Campaign in India and Cornell University, among others.

 

Analysing Individual Deprivations alongside Household Poverty: Possibilities for Gendered, Intrahousehold, and Multidimensional Analyses

Monday, February 22, 2021
10:00 a.m. – 11:15 a.m.
via Webex

 

Most poverty measures identify a household as poor or non-poor based on the achievements of all its members. Using the household as the unit of identification enables a poverty measure to draw on information from persons of different ages, genders, and life situations, but loses individual information by summarising it at the level of the household. As a consequence, gendered and intrahousehold inequalities are not illuminated even when data for them exist. However individual indicators or indices lose information regarding the achievements of other household members, and face challenges in finding a structure by which to compare all genders and ages. This paper augments a household multidimensional poverty index (MPI) by applying individual-level analyses to individual indicators in that MPI, and analysing individual deprivations alongside the matrix of deprivations underlying an MPI. Here we focus on individually undernourished and out of school children. Analyses show what proportion of deprived (and poor) children i) live in multidimensionally poor households; ii) are girls vs boys; iii) live in households in which other eligible children are not deprived in that indicator. We also observe iv) what additional deprivations children experience besides the focal deprivation, and v) what proportion of people live in households where children of different ages experience different age-specific deprivations concurrently. Finally using data on completed years of schooling for all adults and children vi) we identify ‘pioneer children’, to illustrate the possibility of combining information on the deprivation or attainment status of more than one household members. This paper provides a prototype methodology that can be incorporated into standard analyses of household poverty measures that include individual indicators in order to shine a light jointly on individual and household poverty. We illustrate each aspect of the methodology with analyses of the global Multidimensional Poverty Index (MPI) for seven countries in South Asia.

About the Presenter:

Rizwan Ul Haq is a Research Associate at OPHI. He is also Assistant Professor of Development Studies at the Pakistan Institute of Development Economics where he is Head of the Department of Development Studies. He has more than 18 years of experience in population and development mainly focusing on poverty, ageing and health. He has worked in the United Nations Development Programme in the preparation of National Human Development Report for Pakistan on Youth.

 

About the Discussants:

Cheryl Doss is a development economist whose research focuses on issues related to assets, agriculture and gender with a regional focus on sub-Saharan Africa. Among her research projects, she co-leads the Gender Asset Gap Project, a large-scale effort to collect data and measure individual asset and wealth holdings for men and women in Ecuador, Ghana, and Karnataka, India. This research examines best practices for collecting individual data on assets and also quantifies women’s ownership of and control over productive assets. Currently, much of her work focuses on how to understand both joint and individual ownership and decision-making within rural households. Cheryl Doss works with a range of international organizations on issues including best approaches for collecting sex-disaggregated data, gender and agriculture, intrahousehold resource allocation, and women’s asset ownership. Currently, she is the gender advisor for the CGIAR Research Program on Policies, Institutions, and Markets led by the International Food Policy Research Institute (IFPRI). In recent years, she has also worked with UN Women, the UN Food and Agriculture Organization, the Bill and Melinda Gates Foundation, the World Bank, DFID, the Africa Development Bank, and the UN Foundation on issues of women’s asset ownership. She has published widely in academic journals in economics, agricultural economics, and development studies.

Jeni Klugman is Managing Director at the Georgetown Institute for Women, Peace and Security and Senior Adviser at the Stanford University Center for Gender Equality. Dr Klugman’s previous positions include fellow at the Kennedy School of Government’s Women in Public Policy Program at Harvard University, Director of Gender and Development at the World Bank, and director and lead author of three global Human Development Reports published by the UNDP. She has published over a dozen books and major global reports, and (co)authored over 70 articles in peer reviewed journals. She regularly participates in major global gender policy initiatives, including the Lancet Series on Gender Equality; the Bill and Melinda Gates Foundation’s strategy on women’s economic empowerment; and the Council on Foreign Relations’ Advisory Committee on economic inclusion and global growth. She is currently a member of The Lancet Global Commission on Gender and Health; advising VicHealth, Australia to bring behavioral insights to advance gender equality; UN Women, the World Bank and partners on justice for women; the World Bank on the gender dimensions of forced displacement; and working with the UN Development Program on human mobility. Jeni holds a Ph.D. in Economics from the Australian National University and postgraduate degrees in both Law and Development Economics from the University of Oxford where she was a Rhodes Scholar. She was included in the Apolitical Inaugural List of the World’s 100 Most Influential People in Gender Policy in 2018 and in 2019.

These seminars are organized jointly with the Oxford Poverty and Human Development Initiative (OPHI) and the UNDP Human Development Report Office. They will he hosted by IIEP Co-Director James Foster.

ophi logo

Language Training and Refugees’ Integration

Tuesday, February 16, 2021
12:30pm – 2:00pm
via WebEx

The Trade & Development Seminar series highlights theoretical and/or empirical research on international and domestic trade, as well as the economic aspects of development.

Paper: “LANGUAGE TRAINING AND REFUGEES’ INTEGRATION”

Abstract: In this paper we evaluate the effects of a reform enacted in Denmark, which significantly increased language training for those who were recognized as refugees on or after January 1, 1999. Using a Regression Discontinuity Design we find a significant and permanent positive effect on earnings of the treated refugees. This effect accrued over time, together with an increase in schooling and in the probability of working in a communication-intensive job. We also find evidence of higher completion rates of lower secondary school and lower probability of juvenile crime for male children whose parents were both treated by the reform.

About the speaker: 

Giovanni Peri is Professor of Economics at the University of California, Davis and a Research Associate of the National Bureau of Economic Research in Cambridge, Massachusetts.  He is Editor of the “Journal of the European Economic Association” and in the Editorial Board of several Academic Journals in Economics.  He is the Founder and Director of the UC Davis Global Migration Center an interdisciplinary  research group focusing  on international migrations.

His Research focuses on the impact of international migrations on labor markets and productivity of the receiving countries and on the determinants of international migrations. He has published in several academic journals including, among many others,  the American Economic Review, the Review of Economic Studies, The Review of Economics and Statistics, the Economic Journal, the Journal of European Economic Association, the Journal of International Economics and the Journal of Labor Economics.

His research has been featured in popular Blogs and in media outlets including the New York Times, the Wall Street Journal, the Washington Post, National Public Radio, the Economist Magazine. He has received several grants  for the study of international migrations from foundations and international organizations, including the National Science Foundation, the Russel Sage Foundation, the John D. and Catherine T. MacArthur Foundation, the World Bank, and the Volkswagen Foundation.

How the Pandemic Exposed the Incomplete Gender Revolution: Work, Family, and Public Policy

Monday, February 15th 2021
2:00pm – 3:30pm
WebEx

Over the past 70 years gender roles in the home and the workplace changed. Women have become more equal contributors in the labor market and men more equal contributors in the home. These changes were partially driven by the economic forces of technological change and increased international trade. As we entered 2020, women held the majority of jobs in the labor market and the vast majority of children were being raised in homes in which all parents worked. The pandemic disrupted our modern family and work lives, bringing kids out of childcare and home, and leaving many parents unemployed, while others are working at home. The result has been an unprecedented drop in labor force participation and a scaling back of hours of work by parents, particularly among women. In this talk, the economic forces that pushed gender equality, the limitations to fully realizing gender equality, and the set-back of women’s equality caused by the pandemic were discussed.

About the Speakers: 

Betsey Stevenson is a professor of public policy and economics at the University of Michigan. She is also a faculty research associate at the National Bureau of Economic Research, a visiting associate professor of economics at the  University of Sydney, a research fellow of the Centre for Economic Policy Research, a fellow of the Ifo Institute for  Economic Research in Munich, and serves on the executive committee of the American Economic Association. She  served as a member of the Council of Economic Advisers from 2013 to 2015 where she advised President Obama on  social policy, labor market, and trade issues. She served as the chief economist of the U.S. Department of Labor from  2010 to 2011, advising the Secretary of Labor on labor policy and participating as the secretary’s deputy to the White House economic team. She has held previous positions at Princeton University and at the University of Pennsylvania’s Wharton School.

Dr. Stevenson is a labor economist who has published widely in leading economics journals about the labor market and the impact of public policies on outcomes both in the labor market and for families as they adjust to changing labor market opportunities. Her research explores women’s labor market experiences, the economic forces shaping the modern family, and how these labor market experiences and economic forces on the family influence each other. She is a columnist for Bloomberg View, and her analysis of economic data and the economy are frequently covered in both print and television media.

Dr Stevenson earned a BA in economics and mathematics from Wellesley College and an MA and PhD in economics from Harvard University.

Picture of Madeline QuillacqMadeline de Quillacq is a current senior at the Elliott School of International Affairs at the George Washington University, pursuing a Bachelor of Science in Economics and International Affairs, with a concentration in International Economics. She is president of GW Women in Economics, an intern at the Reshoring Institute, and has been a research assistant at the Institute for International Economic Policy for almost two years. In addition, she served as an undergraduate teacher’s assistant for the college course “Principles of Mathematics for Economics” and attended Sciences Po in Paris, France during the 2019-2020 academic year. Madeline is a tri-citizen (US, UK, France) and fluent in French.

About the Discussants: 

Dr. Mary Ellsberg is the Executive Director and Founding Director of the Global Women’s Institute at the George  Washington University.  Dr. Ellsberg has more than 30 years of experience in international research and programs on  gender and development. Before joining the university in August 2012, Dr. Ellsberg served as Vice President for Research and Programs at the International Center for Research on Women. Dr. Ellsberg’s deep connection to global   gender issues stems not only from her academic work, but also from living in Nicaragua for nearly 20 years, leading   public health and women’s rights advocacy. She was a member of the core research team of the World Health   Organization’s Multi-Country Study on Domestic Violence and Women’s Heath, and she has authored more than 40 books and articles on violence against women and girls. Dr. Ellsberg earned a doctorate in epidemiology and public health from Umea University in Sweden and a bachelor’s degree in Latin American studies from Yale University.

Picture of Madeline QuillacqEiko Strader is an Assistant Professor of Public Policy, Women’s, Gender & Sexuality Studies, and Sociology. Her research and teaching focus on social inequalities by gender, race/ethnicity, sexuality, citizenship, and criminal records. Much of her work tries to understand how and under what conditions these social categories become relevant in predicting life chances across different policy contexts. She has published related works in Social Forces, Research in Social Stratification and Mobility, International Migration Review, Journal of International Affairs, and other outlets.

 

This event was co-sponsored with GW Women in Economics.

GW Women in Economics seeks to increase women’s representation and support women’s participation in economics, at GWU and in the broader profession. The organization seeks to address the demonstrated lack of representation of women in the field of economics, beginning at the pipeline by fostering interest among students, increase visibility of women pursuing economic degrees, providing professional networking opportunities that promote the advancement of women in the professions, and to create a forum in which issues of common interest can be explored.

Test Format and Calculator Use in the Testing of Basic Math Skills for Principles of Economics: Experimental Evidence

August 2020

Irene R. Foster (George Washington University),  Melanie Allwine Fennell (Randolph-Macon College)

IIEP working paper 2020-20

Abstract: Results from an experiment in Fall 2013 of 902 incoming students at this university are reported. In this experiment, after students were given a basic math assessment to ensure they had the necessary math skills to take a principles of economics course, they were randomly allocated to a treatment or control group to test if there was a significant impact of test format, calculator use, and calculator type on students’ scores. The interaction of calculator use/type and test format was also tested. The results from this experiment suggest that each treatment had a significant positive impact on students’ assessment scores, with much variation depending on the type of question asked and the level of performance.

JEL Codes: A22, C23

Key Words: Economic Education, Teaching Economics, Math Assessment, Microeconomics,
Calculator Use, Test Format

Multidimensional Poverty Indices and Children. Four Measurement Strategies

Monday February 8th, 2021

10:00 AM-11:30AM EST

View Jakob Dirksen and Sabina Alkire’s slides here (PDF)

In order to break intergenerational cycles of poverty and sustainably alleviate deprivations, explicit focus on, and prioritisation of, disadvantaged children is imperative. This all the more so given that children are evidently both among the most vulnerable and oftentimes among the poorest members of societies around the world. In order to effectively focus policy efforts on the alleviation of children’s deprivations and to achieve sustainable poverty eradication, multidimensional measures that can accurately capture the many deprivations experienced by children are thus key. Recognising that child poverty is characterised by age-specific deprivations different from deprivations adults or children of other age groups experience, a rich and growing literature on child multidimensional poverty measurement has emerged. However, experience has shown that, for pro-poor(est) policy-making, such efforts have often resulted in disjoint measurement exercises producing separate statistics of child versus all-population multidimensional poverty. Such disjoint measures have been difficult to communicate and interpret alongside one another – causing confusion that can be disadvantageous in particular for those whose already disadvantaged circumstances they are meant to capture and help improve. Responding to this dilemma, in this presentation we offer four synergetic measurement strategies. These can be used to achieve clear, policy-prescriptive and actionable population-level statistics of multidimensional poverty that focus attention explicitly and directly on children’s deprivations, guiding the prioritisation of those least well-off and at risk of being left behind

 

About the Presenter:

pic of Jakob DirksenJakob Dirksen is part of OPHI’s Research and Outreach teams. He is also a Lecturer at Leuphana University of Lüneburg, Germany. He has held research positions at the Blavatnik School of Government and Mansfield College at the University of Oxford, and has worked in diplomacy for the German Foreign Office. Jakob studied Liberal Arts and Sciences, Social Sciences, and Philosophy in Germany and Spain. His research interests are the theory and measurement of well-being, poverty and inequalities; sustainable development; and the capability approach.

 

About the Discussants:

photo of ana vazAna Vaz is the Director of Research and Technical Validation at SOPHIA Oxford, where she is developing tools for companies to measure multidimensional poverty among their employees and exploring how multidimensional poverty data might support social investment. Before joining SOPHIA Oxford, Ana was a Senior Research Officer at the Oxford Poverty and Human Development Initiative (OPHI), University of Oxford. Ana’s work at OPHI focused on the measurement of multidimensional poverty and women’s empowerment. She holds a DPhil in Economics from the University of Oxford, and she was previously on the faculty at the Catholic University of Portugal and a consultant at PricewaterhouseCoopers.

About the Moderator:

Picture of James E. FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autonoma del Estado Hidalgo (Mexico).

These seminars are organized jointly with the Oxford Poverty and Human Development Initiative (OPHI) and the UNDP Human Development Report Office. They will he hosted by IIEP Co-Director James Foster.

ophi logo

Valuing Nature: Whales, Elephants, and the Global Economy

Thursday, November 19, 2020
12:00 p.m. – 1:15 p.m.

via WebEx

Economic systems and human well-being depend critically on natural services provided by a huge range of ecosystems. But those ecosystems are being rapidly destroyed by failure to value those services. As the understanding grows that nature provides finite and often irreplaceable inputs into human lives and livelihoods, new methods are emerging to value natural capital and incorporate those valuations into markets and public policy.

In this webinar, IMF economist Ralph Chami builds on his pathbreaking studies on whales, elephants, and other natural service-providers to lay out an accessible valuation framework that decision makers can use to build public-private partnerships, create employment opportunities, and build a nature-friendly and inclusive global economy. ASU-Thunderbird professor Ann Florini will provide discussant remarks.

This webinar was moderated by Dr. Sunil Sharma, Distinguished Visiting Scholar at the Institute for International Economic Policy, alongside IIEP Co-Director James Foster, Oliver T. Carr Professor of International Affairs and Professor of Economics. This event is co-sponsored by the Thunderbird School of Management at Arizona State University and the Institute for International Economic Policy at GWU.

Meet the Discussants:

 

Ralph Chami PictureRalph Chami is currently an Assistant Director at the IMF and leads the Western Hemisphere Division of the Institute for Capacity Development (ICD). Previously, he was Assistant Director and Division Chief in the Middle East and Central Asia Department responsible for the Regional Economic Outlook, and then the surveillance and program work on fragile states. His forthcoming book on Macroeconomic Policy in Fragile States, co-edited with Raphael Espinoza and Peter Montiel, will be published by Oxford University Press in January 2021. Before joining the IMF in 1999, he was on the Finance faculty of the Mendoza School of Business, University of Notre Dame, USA. Dr. Chami has a Ph.D. in Economics from the Johns Hopkins University, and his areas of interest include banking regulation and supervision, financial markets, remittances, and climate change.

Picture of Ann FloriniAnn Florini is Clinical Professor at the Thunderbird School of Global Management, Arizona State University, where she directs programs at the Washington, D.C. campus. She was previously Professor of Public Policy at Singapore Management University founding director of the Centre on Asia and Globalisation at the National University of Singapore; and a Senior Fellow at the Brookings Institution. She has spearheaded numerous international initiatives on global governance, energy and climate policy, and cross-sector collaborations including government, civil society, and the private sector. Her many books and articles have addressed governance in China, transparency in governance, transnational civil society networks, and the role of the private sector in public affairs. Dr. Florini received her Ph.D. in Political Science from UCLA and a Masters in Public Affairs from Princeton University.

Picture of James E. FosterJames E. Foster is the Oliver T. Carr, Jr. Professor of International Affairs, Professor of Economics, and Co-Director of the Institute for International Economic Policy at the George Washington University. He is also a Research Associate at the Oxford Poverty and Human Development Initiative at Oxford University. Professor Foster’s research focuses on welfare economics — using economic tools to evaluate and enhance the wellbeing of people. His work underlies many well-known social indices including the global Multidimensional Poverty Index (MPI) published annually by the UNDP in the Human Development Report, dozens of national MPIs used to guide domestic policy against poverty, the Women’s Empowerment in Agriculture Index (WEAI) at USAID, the Gross National Happiness Index of Bhutan, the Better Jobs Index of the InterAmerican Development Bank, and the Statistical Performance Index of the World Bank. Prof. Foster received his PhD in Economics from Cornell University and has a Doctorate Honoris Causa from Universidad Autonoma del Estado Hidalgo (Mexico).

Sunil SharmaSunil Sharma is a Distinguished Visiting Scholar at the Institute for International Economic Policy, Elliott School of International Affairs, The George Washington University, Washington DC, USA, and a Senior Associate at the Council on Economic Policies, Zurich, Switzerland. He was Assistant Director in the IMF’s Research Department from 2015-2018, and the Director of the IMF-Singapore Regional Training Institute (STI) in Singapore from 2006-2015. Before moving to Singapore in 2006, he was Chief of the IMF Institute’s Asian Division in Washington, D.C. Prior to joining the IMF in 1992, he was on the Economics faculty at the University of California, Los Angeles (UCLA). He has a Ph.D. and M.A. in Economics from Cornell University, and his current interests include rethinking capitalism and democracy, systemic hazards, complex systems, the international financial architecture,  and the institutional structure and design of financial regulation.

 

More info can be found here.

 

Long-Run Effects of Incentivizing Work After Childbirth

May 2020

Elira Kuka (George Washington University, IZA, and NBER) and Na’ama Shenhav (Dartmouth College and NBER)

IIEP working paper 2020-10

Abstract: This paper uses a panel of SSA earnings linked to the CPS to estimate the impact of increasing post-childbirth work incentives on mothers’ long-run career trajectories. We implement a novel research design that exploits variation in the timing of the 1993 reform of the Earned Income Tax Credit (EITC) around a woman’s first birth and in eligibility for the credit. We find that single mothers exposed to the expansion immediately after a first birth (“early-exposed”) have 3 to 4 p.p. higher employment in the 5 years after a first birth than single mothers exposed 3 to 6 years after a first birth (“late-exposed”). Ten to nineteen years after a first birth, early-exposed mothers have the same employment and hours as late-exposed mothers, but have accrued 0.5 to 0.6 more years of work experience and have 6 percent higher earnings. Incorporating long-run effects on EITC benefits and earnings increases the implied marginal value of public funds (MVPF) of the expansion. Our results suggest that there are steep returns to work incentives at childbirth that accumulate over the life-cycle.

 

JEL Codes: J16, J31, H2

Key Words: child penalty, EITC

Medieval Cities Through the Lens of Urban Economic Theories

May 2020

Remi Jedwab (George Washington University), Noel D. Johnson (George Mason University), and Mark Koyama (George Mason University)

IIEP working paper 2020-9

Abstract: We draw on theories and empirical findings from urban economics to explore and explain patterns of city growth in the Middle Ages (c. 800-1500 CE). We discuss how agricultural development and physical geography determined the location and size of cities during the medieval period. We also consider the relative importance of economies of scale, agglomeration, and human capital spillovers in medieval cities and discuss how their growth was limited by disamenities and constraints on mobility. We discuss how medieval cities responded to shocks such as the Black Death and describe how institutions became increasingly important in determining their trajectories. Avenues for future research are also laid out.

 

JEL Codes: R11; R12; R19; N9; N93; N95

Key Words: Medieval Era; City Growth; Urbanization; Food Surplus Hypothesis; Agglomeration Effects; Labor Mobility; Pandemics; Institutions; Europe; Asia

Human Capital Accumulation at Work: Estimates for the World and Implications for Development

February 2020

Remi Jedwab, Asif Islam, Paul Romer, and Robert Samaniego

IIEP working paper 2020-3

Abstract: In this paper, we: (i) study wage-experience profiles and obtain measures of returns to potential work experience using data from about 24 million individuals in 1,084 household surveys and census samples across 145 countries; (ii) show that returns to work experience are strongly correlated with economic development – workers in developed countries appear to accumulate twice more human capital at work than workers in developing countries; and (iii) use a simple accounting framework to find that the contribution of work experience to human capital accumulation and economic development might be as important as the contribution of education itself.

JEL: O11; O12; O15; O47; E24; J11; J31

Keywords: Returns to Work Experience; Returns to Education; Human Capital Accumulation; Economic Development; Labor Markets; Development Accounting

Cities of Workers, Children or Seniors? Age Structure and Economic Growth in a Global Cross-Section of Cities

August 2019

Remi Jedwab, Daniel Pereira, and Mark Roberts

IIEP working paper 2019-13

Abstract: A large literature documents the positive influence of a city’s skill structure on its rate of economic growth. By contrast, the effect of a city’s age structure on its economic growth has been a hitherto largely neglected area of research. We hypothesize that cities with more working-age adults are likely to grow faster than cities with more children or seniors and set out the potential channels through which such differential growth may occur. Using data from a variety of historical and contemporary sources, we show that there exists marked variation in the age structure of the world’s largest cities, both across cities and over time. We then study how age structure affects economic growth for a global cross-section of mega-cities. Using various identification strategies, we find that mega-cities with higher dependency ratios – i.e. with more children and/or seniors per working-age adult – grow significantly slower. Such effects are particularly pronounced for cities with high shares of children. This result appears to be mainly driven by the direct negative effects of a higher dependency ratio on the size of the working-age population and the indirect effects on work hours and productivity for working age adults within a city.

JEL: R10; R11; R19; J11; J13; J14; O11; N30

Keywords: Urbanization; Cities; Age Structure; Dependency Ratios; Children; Ageing; Demographic Cycles; Agglomeration Effects; Human Capital; Growth; Development

Divorce among European and Mexican Immigrants in the U.S

August 2019

Barry Chiswick and Christina Houseworth

IIEP working paper 2019-12

Abstract: This paper analyzes the status of being currently divorced among European and Mexican immigrants in the U.S., among themselves and in comparison to the native born of the same ancestries. The data are for males and females age 18 to 55, who married only once, in the 2010-2014 American Community Surveys.

Among immigrants, better job opportunities, measured by educational attainment, English proficiency and a longer duration in the U.S. are associated with a higher probability of being divorced. Those who married prior to migration and who first married at an older age are less likely to be divorced. Those who live in states with a higher divorce rate are more likely to be divorced. Thus, currently being divorced among immigrants is more likely for those who are better positioned in the labor market, less closely connected to their ethnic origins, and among Mexican immigrants who live in an environment in which divorce is more prevalent.

Key Words: Marriage, Divorce, Minorities, Immigrants, Gender, Human Capital

JEL Codes: J12, J15, J16, J24

Economic Diversification in the Post-Oil Era

Friday, April 12, 2019
9:00 am – 10:30 am

Hosting Kuwait’s Minister of Finance 

Elliott School of International Affairs
State room, 7th floor
1957 E Street NW
Washington, DC 20052


Schedule

09:00-09:30 a.m

Registration, Light Refreshments, and Networking

09:30-09:40 a.m.

Welcome Remarks by Amb. Ghnem

09:40-10:20 a.m 

one -on-one discussion with H.E. Dr. Nayef F. Al-Hajraf moderated by Prof. Robert Weiner

10:20 a.m.-10:30 a.m

Audience Q&A

Drug Money and Bank Lending: The Unintended Consequences of Anti-Money Laundering

March 2019

Tomas Williams, Pablo Slutzky, and Mauricio Villamizar-Villegas

IIEP Working Paper 2019-5

Abstract: We explore the unintended consequences of anti-money laundering (AML) policies. For identification, we exploit the implementation of the SARLAFT system in Colombia in 2008, aimed at controlling the flow of money from drug trafficking into the financial system. We find that bank deposits in municipalities with high drug trafficking activity decline after the implementation of the new AML policy. More importantly, this negative liquidity shock has consequences for credit in municipalities with little or nil drug trafficking. Banks that source their deposits from areas with high drug trafficking activity cut lending relative to banks that source their deposits from other areas. We show that this credit shortfall negatively impacted the real economy. Using a proprietary database containing data on bank-firm credit relationships, we show that small firms that rely on credit from affected banks experience a negative shock to investment, sales, size, and profitability. Additionally, we observe a reduction in employment in small firms. Our results suggest that the implementation of the AML policy had a negative effect on the real economy.

JEL Classification: K42, G18, G21

Keywords: money laundering; organized crime; financial system; bank lending; liquidity; economic growth

Agricultural extension, intra-household allocation and malaria

March 2019

Yao Pan and Saurabh Singhal

IIEP Working Paper 2019-4

Abstract: Can agricultural development programs improve health-related outcomes? We exploit a spatial discontinuity in the coverage of a large-scale agricultural extension program in Uganda to causally identify its effects on malaria. We find that eligibility for the program reduced the proportion of household members with malaria by 8.9 percentage points, with children and pregnant women experiencing substantial improvements. An examination of the underlying mechanisms indicates that an increase in income and the resulting increase in the ownership and usage of bednets may have played a role. Taken together, these results signify the importance of financial constraints in investments for malaria prevention and the potential role that agricultural development can play in easing it.

Keywords: Malaria, Intra-household Allocation, Agricultural Extension, Regression Discontinuity, Uganda

JEL Classification: I15, I12, D13, O12, Q16.

Works Councils and Workplace Health Promotion in Germany

February 2019

Stephen C. Smith, Uwe Jirjahn and Jens Mohrenweiser

IIEP Working Paper 2019-1

Abstract: From a theoretical viewpoint, there can be market failures resulting in an underprovision of occupational health and safety. Works councils may help mitigate these failures. Using establishment data from Germany, our empirical analysis confirms that the incidence of a works council is significantly associated with an increased likelihood that the establishment provides more workplace health promotion than required by law. This result also holds in a recursive bivariate probit regression accounting for the possible endogeneity of works council incidence. Furthermore, analyzing potentially moderating factors such as collective bargaining coverage, industry, type of ownership, multiestablishment status and product market competition, we find a positive association between works councils and workplace health promotion for the various types of establishments examined. Finally, we go beyond the mere incidence of workplace health promotion and show that works councils are positively associated with a series of different measures of workplace health promotion.

JEL Classification: I18, J28, J50, J81.

Keywords: Non-union employee representation, works council, occupational health and safety, workplace health promotion.

A mHealth Voice Messaging Intervention to Improve Infant and Young Child Feeding Practices in Senegal

February 2019

Shauna Downs, Jessica Fanzo, Jozefina Kalaj, Joachim Sackey, and Stephen C. Smith

IIEP Working Paper 2019-6

Abstract: Mobile health (mHealth) interventions have the potential to improve infant and young child feeding (IYCF) practices; however, gaps in the literature remain regarding their design, implementation and effectiveness. The aims of this study were to: design a mHealth voice messaging intervention delivered to mothers and fathers targeting IYCF practices and examine its implementation and impact in households with children 6-23 months in three rural villages in Senegal. We conducted focus groups (n=6) to inform the intervention development. We then conducted a pilot study (n=47 households) to examine the impact of the intervention on IYCF practices of children 6-23 months. Voice messages were sent to the children’s mothers and fathers over a period of four weeks (2 messages/week; 8 messages in total), and 24-hour dietary recalls and food frequency questionnaires (FFQs) were conducted before and immediately after the implementation of the mHealth intervention to examine its impact on IYCF practices. Overall, 3 of the 8 behaviors increased and one decreased. There was a significant increase in the number of children that consumed fish (60% vs 94%; p=0.008) as measured by the 24-hour recall after the completion of the intervention. We also found significantly higher frequency of egg (p=0.026), fish (p=0.004) and thick porridge (p=0.002) consumption in the previous 7-days measured by the FFQ. Our findings suggest that voice messaging IYCF interventions in Senegal have the potential to improve IYCF behaviors among young children in the short term. Future research should entail scaling-up the intervention and examining its sustainability over the long-term.

JEL Classification: I15, O15; Q12

Keywords: Infant and young child feeding, mHealth, behavior change communication, nutrition, horticulture, farming groups

Pandemics, Places, and Populations: Evidence from the Black Death

February 2019

Remi Jedwab, Noel D. Johnson, and Mark Koyama

IIEP Working Paper 2019-3

Abstract: The Black Death killed 40% of Europe’s population between 1347-1352, making it one of the largest shocks in the history of mankind. Despite its historical importance, little is known about its spatial effects and the effects of pandemics more generally. Using a novel dataset that provides information on spatial variation in Plague mortality at the city level, as well as various identification strategies, we explore the short-run and long-run impacts of the Black Death on city growth. On average, cities recovered their pre-Plague populations within two centuries. In addition, aggregate convergence masked heterogeneity in urban recovery. We show that both of these facts are consistent with a Malthusian model in which population returns to high-mortality locations endowed with more rural and urban fixed factors of production. Land suitability and natural and historical trade networks played a vital role in urban recovery. Our study highlights the role played by pandemics in determining both the sizes and placements of populations.

JEL: R11; R12; O11; O47; J11; N00; N13

Keywords: Pandemics; Black Death; Mortality; Path Dependence; Cities; Urbanization; Malthusian Theory; Migration; Growth; Europe

Should Leaders Focus on Poverty or Inequality? Ethical and Policy Perspectives

The Leadership, Ethics, and Practice Initiative and the Institute for International Economic Policy Presents:

 
Should Leaders Focus on Poverty or Inequality?
Ethical and Policy Perspectives 
 

Monday, February 25, 2019

5:00pm to 6:00pm

Elliott School of International Affairs
Lindner Commons, 6th floor
1957 E Street NW
Washington, DC 20052
 
Join us for an evening discussion on the topic:
“Should Leaders Focus on Poverty or Inequality? : Ethical and Policy Perspectives”
 with Dr. Douglas Hicks Professor of Religion and Dean of Oxford College at the Emory University.

This event is on the record and open to media. 

 

Is There a Kuznets Curve for Intra-City Earnings Inequality?

November 2018

Haixiao Wu

IIEP Working Paper 2018-9

Abstract: Many papers have found a positive relation between income inequality and city size in the US and other countries. This literature has assumed that the relation is linear. Tests performed here find that it is concave, resembling the classic Kuznets curve. A theoretical model based on the Income Elasticity Hypothesis (IEH), explains that inequality is a concave function of housing prices that tend to increase with city size. Further tests confirm the concavity of the relation between Gini and housing costs that is predicted by the IEH. Although for most cities, inequality still rises with housing costs, if housing costs continue to grow in large cities, inequality should eventually fall, resembling the Kuznets Curve at the country level

Private Sector Policymaking

October 2018

David Szakonyi

IIEP Working Paper 2018-8

Abstract: Many papers have found a positive relation between income inequality and city size in the US and other countries. This literature has assumed that the relation is linear. Tests performed here find that it is concave, resembling the classic Kuznets curve. A theoretical model based on the Income Elasticity Hypothesis (IEH), explains that inequality is a concave function of housing prices that tend to increase with city size. Further tests confirm the concavity of the relation between Gini and housing costs that is predicted by the IEH. Although for most cities, inequality still rises with housing costs, if housing costs continue to grow in large cities, inequality should eventually fall, resembling the Kuznets Curve at the country level

Development Economics Meets the Challenges of Lagging U.S. Areas Applications to Education, Health and Nutrition, Behavior, and Infrastructure

September 2018

Stephen C. Smith

IIEP Working Paper 2018-7

Abstract: This chapter examines the development economics evidence base for insights into policy reforms that would benefit struggling areas in the United States. My focus is on improving education, physical and mental health, infrastructure, and institutions. First, consistent with findings on education policy effectiveness, I propose raising the legal minimum dropout age (prospectively to 19), providing better information about the benefits of completing high school, supporting targeted paraprofessional tutoring, and providing family financial incentives for attending school and graduating from high school. Second, to improve health outcomes in struggling areas, the focus is using and building on existing effective health and nutrition programs and services, identifying ways to include more families who are eligible for but not participating in these programs. Moreover, the recent development and behavioral economics evidence base has extended our understanding of the psychological, cognitive, and economic behavioral lives of the poor; the literature highlights the ways that poverty can impede cognitive functioning, with implications for policies to uplift lagging U.S. areas. Third, a review of evidence on the benefits of improving lagging rural and urban area transportation infrastructure points to the likely benefits of improved connectivity for lagging U.S. areas: reversing the legacy of past discriminatory policies, encouraging sector-based clusters, and extending access to high-speed internet. Finally, the chapter highlights the relevance of some cross-cutting themes in development economics, including the high returns to reliable household microdata and the importance of improving institutions to enable more inclusive, substantial, and lasting progress.

An Examination of the Link between Urban Planning Policies and the High Cost of Housing and Labor

September 2018

Anthony Yezer, William Larson, Weihua Zhao 

IIEP Working Paper 2018-6

Abstract: Past research has established positive empirical relation between city-level land use regulations and housing costs. One interpretation of these findings is that building restrictions raise the cost of producing housing. Alternatively, these price effects could reflect greater willingness to pay for quality urban design. Disentangling and identifying cost versus amenity factors empirically is an unresolved challenge. This paper presents an alternative to empirical tests, relying instead on the predictions of neoclassical urban theory. Simulations of an open city model demonstrate that theoretical predictions differ substantially from those obtained from empirical testing in two main ways. First, restrictions on land use and housing density influence the price level but not the elasticity of housing supply. Second, the effects of land use restrictions on average house prices are ambiguous and depend on the precise location of the planning restriction. Furthermore, the model generates direct estimates of effects on wages and demonstrates that transportation impediments are more consequential for housing prices than land use restrictions. This indicates a potentially fruitful path for future empirical work, and the possibility of omitted variable bias if transportation impediments are correlated with land use regulation.

JEL Codes: R30, R31, R38

Keywords: monocentric city model, price gradient, zoning, standard urban model

Modelling Economic Development: The Lewis Model Updated

September 2018

Carmel Chiswick 

IIEP Working Paper 2018-5

Abstract: This analysis updates the dual-economy model of economic development suggested by W. Arthur Lewis in 1954. The updated aggregate model incorporates advances since then in modern labor economics and the findings of empirical studies of LDC economies and it removes Lewis’ implicit assumption that capital-formation is costless to the host LDC country. Specifying investment in human capital for both sectors refocuses attention on workers’ well-being as the ultimate measure of development. Specifying the cost of capital formation permits the distinction between earnings that recover investment costs and the “surplus” available to workers for consumption. Policy implications include resolution of tradeoffs between “trickle-down” vs. “grass roots” development policies.

Keywords: Economic development, growth, human capital, dual-economy model

Negative Shocks and Mass Persecutions: Evidence from the Black Death

March 2017

by Remi Jedwab (George Washington University), Mark Koyama (George Mason University) & Noel Johnson (George Mason University)

IIEP Working Paper 2017-4

The authors of this paper examine the Black Death persecutions committed against the Jewish people to demonstrate the factors that determine when a minority group will face persecution. A theoretical framework is developed that predicts that there is an increased probability that minorities are scapegoated and persecuted when negative shocks occur. However, if the shocks become more severe, the probability of persecution may decrease when economic complementarities exist between the majority and minority groups. To accomplish this, the authors gathered data on a city-level on Black Death mortality and Jewish persecution. An aggregate level showed that scapegoating led to an increase in the baseline probability of persecution. On the city-level, high plague mortality rates did not align with increased persecutions. Persecutions were found to be more likely in cities with a history of antisemitism and less likely in locations where Jews were featured in important economic roles.

The Black Death had wide-ranging social effects, and historians and economists often look to the Black Death as a direct cause of scapegoating and persecution of Jewish communities. The authors contradict this view using city-level Black Death mortality rates and Jewish persecution, demonstrating that the higher the mortality in a city, the less likely persecution would occur. This was accentuated in cities where Jews played important economic roles. They show that, while the Black Death shock was the initial impetus for antisemitic persecution in Europe, it was mainly patterns of differences in economic standing between minority and majority groups that explain local variation in persecution.

Their work contributes to several literatures, such as recent work on the economics of mass killings. They also add to literature on the relationship between shocks and the persecution of minorities, which emphasizes the role played by economic complementarities between groups, and literature on antisemitism. Their study provides a unique perspective, as well, as the Black Death provides a very well suited setting to examine the causes of mass killings.

In their framework, negative shocks can increase both the incentive to persecute a minority and to raise that minority’s economic value. The authors conclude that the decision to persecute the minority is dependent upon how the intensity of the shock interacts with the benefit one gains from persecution and the economic benefits gained from the presence of the minority. While their research suggested there are underlying biases against minorities, it also demonstrated that complementary economic activities between minority groups and majority groups could reduce inter-group aggression.

How Sustainable Are Benefits from Extension for Smallholder Farmers? Evidence from a Randomised Phase-Out of the BRAC Program in Uganda

January 2017

by Stephen C. Smith (George Washington University), Vida Bobić (George Washington University), Ram Fishman (Tel Aviv University), & Munshi Sulaiman (Save the Children)

IIEP Working Paper 2017-1

Inaugural Conference on India’s Economy

Monday, April 13, 2015

8:15am to 5:00pm

Elliott School of International Affairs
Lindner Commons, 6th floor
1957 E Street NW
Washington, DC 20052

The Indian economy is showing signs of revival after several years of slowdown. A new growth oriented government has just presented a budget to boost recovery, inflation is on the decline and India looks poised for faster growth. Yet challenges remain as India must reduce poverty, create jobs for a young and rapidly urbanizing population while increasing its resilience to global headwinds as it continues to open up to the international economy. How can India revive growth with limited fiscal space? What reforms are needed in factor markets: land, labor and finance to ramp up private investment both domestic and foreign? What additional policies and programs are needed to address poverty? How can India become more competitive in global markets, and participate in global and regional trade partnerships? How can the promise of U.S.-India partnership be taken forward concretely? The Institute for International Economic Policy at the Elliott School of International Affairs, George Washington University, invites you to a conversation with top academic researchers, officials from the IMF, World bank, OECD, and the UN, and current and former high level policy makers in the U.S. and Indian governments.

9:00-10:30 am – Session One: Economic Outlook and Macro Economic Policies

11:00 am-12:30 pm – Session Two: Finance, Urbanization, and Growth

12:30-2:00 pm – Lunch and Keynote Speaker

  • Arun Kumar, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service “India-U.S. Economic Relations: Prospects and Promise”

2:00-3:30 pm – Session Three: Poverty Eradication and Participation

  • James Foster & Sabina Alkire (GWU, OPHI): Multi Dimensional Poverty Indicators for India
  • Vijayendra Rao (World Bank): The Anatomy of Failure: An Ethnography of A Randomized Trial to Deepen Democracy in Rural India
  • Chair: Stephen Smith (GWU)
  • Discussants: Thangavel Palanivel (UNDP) and Yue Li (World Bank)

3:45-5:00 pm – Closing Session

  • Piritta Sorsa (OECD): Stronger and Better Growth in India
  • Discussants: Swami Nathan Aiyar (Economic Times and Cato Institute), Rakesh Mohan (IMF, RBI), and Ajay Chhibber (IIEP, India) on challenges facing India today

For more information, please contact Kyle Renner at iiep@gwu.edu or 202-994-5320.

Cosponsored by:


View the videos from the sessions here

12:30-2:00 pm – Lunch and Keynote Speake

 

2:00-3:30 pm – Session Three: Poverty Eradication and Participation