Pakistan's refusal of over $3 billion in loans from the IMF highlights the flawed U.S. strategy to use economic aid as leverage.

In a commission report from the Center for Global Development, regional experts argue that U.S. policymakers should embrace a development-centered agenda in Pakistan to complement the current focus on security.

Nancy Birdsall and Susan Schwab discuss the implications of trade policy on international development.

The Foreign Affairs LIVE series brings together authors, CFR members, and friends of the magazine for timely, in-depth discussions on significant global issues.

Nancy Birdsall and Susan Schwab discuss the implications of trade policy on international development.

The Foreign Affairs LIVE series brings together authors, CFR members, and friends of the magazine for timely, in-depth discussions on significant global issues.

Nancy Birdsall and Francis Fukuyama discuss their recent Foreign Affairs article “The Post-Washington Consensus: Development After the Crisis” with students, as part of CFR's Academic Conference Call series.

Learn more about CFR's Academic Initiative.

The American version of capitalism is no longer dominant around the world.

The United States may be the largest donor of foreign assistance in the world, but it ranks among the lowest in terms of quality and effectiveness of its aid, according to a report by the Center for Global Development (CGD), in cooperation with the Brookings Institution, that assesses more than 150 countries' foreign aid money.

Listen to experts analyze the effect of the financial crisis on developing countries' economies and the roles that the IMF and World Bank play during this time.

Experts discuss the challenges global poverty presents and recommend approaches that can help to overcome poverty, inequality, and the concomitant barriers to opportunity for the world's poor at the 2008 Democratic National Convention in Denver, cosponsored with the National Democratic Institute, the University of Denver's Josef Korbel School of International Studies, and the City and County of Denver's 2008 Rocky Mountain Roundtable.

This roundtable was underwritten, in part, by Chevron Corporation and the John S. and James L. Knight Foundation.

In the Boston Review, Nancy Birdsall discusses the effect of economic inequality on development promotion and globalization.