Category: Kevin Gallagher

China Seizes Opening in U.S. Backyard After Trump Upends Policy

Bloomberg Kevin Gallagher, Pardee School/College of Arts & Sciences As Donald Trump weighs plans to tear up trade deals and deport illegal migrants from Latin America, Chinese President Xi Jinping is moving swiftly to reset relations in America’s backyard… Expert quote: “The train has left the station.” View full article

Economists warn of possible trade war with China

Boston Herald Kevin Gallagher, Pardee School, College of Arts & Sciences President-elect Donald Trump has promised to end what he calls China’s economic transgressions — and fulfilling his campaign promises may set the U.S. on a path leading to an all-out trade war, economists warn… Expert quote: “All of the issues that Trump is talking […]

China poised to lead on green finance at G-20 meeting

Financial Times ‘beyondbrics’ By Kevin Gallagher, Pardee School of Global Studies, College of Arts & Sciences “The Western-backed Multilateral Development Banks (MDBs) are talking a lot about moving ‘from billions to trillions’ of dollars to meet the Sustainable Development Goals (SDGs) and Paris Climate Agreement that aim to shift the world economy to a low-carbon and […]

Can the IMF leopard change its spots?

Bretton Woods Project Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies An article, provocatively titled Neoliberalism: Oversold?, written by IMF staff in June’s edition of the IMF’s in-house magazine, Finance & Development’s (F&D) appeared to question orthodox macroeconomic policies long associated with the IMF… Expert quote: “On the capital account the […]

China’s global energy financing raises climate fears

Financial Times (subscription required) Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies Chinese “policy” banks have supplied almost as much financing for global energy projects as the four major western multilateral lenders combined but a concentration on coal-fired power plants is raising concerns about the environmental impact of Beijing’s support… View […]

China becomes global leader in development finance

Financial Times (subscription required) Kevin Gallagher, College of Arts & Sciences, Pardee School of Global StudiesC China is now a bigger presence in international development finance than all of the world’s six major multilateral financial institutions put together, a new study has found… Expert quote: “China is emerging as the global leader in development finance.” […]

Chinese bullet train in Venezuela stalls as alliance derails

Associated Press Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies It was once billed as a model of socialist fraternity: South America’s first high-speed train, powered by Chinese technology, crisscrossing Venezuela to bring development to its backwater plains… Expert quote: “Now the whole underbelly is falling out. The Chinese right now […]

Venezuela’s crisis: is there a third way?

Financial Times (subscription required) Kevin Gallagher, College of Arts & Sciences, Pardee School of Global Studies With Venezuela’s government apparently hell bent on steering the country down an accelerating course to disaster, many analysts predict one of two catastrophic outcomes… View full article quoting expert Kevin Gallagher