Category: Kevin Gallagher

Obama Abandons Allies on China’s Marshall Plan

March 18th, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, OP-EDs by BU Professors, Pardee School of Global Studies 0 comments

kevingallagherThe Globalist
By Kevin Gallagher, College of Arts & Sciences

The Obama administration is looking increasingly left behind as it defies its closest allies and the President’s own party on foreign economic policy in Asia…

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Europe’s economic powerhouses snub US, sign up to China-led ‘world bank’

March 17th, 2015 in 2015, Al Jazeera America, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

kevingallagherAl Jazeera America
Kevin Gallagher, College of Arts & Sciences

France, Germany and Italy on Tuesday joined the U.K. in signing onto the Chinese-led Asian Infrastructure Investment Bank (AIIB), brushing off Washington’s reservations about burgeoning institution and leaving the U.S. on the sidelines of yet another Chinese challenge to the global financial architecture…

Expert quote:

“If we were at the table, we could put all those things on the table.”

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Saving Obama from a Bad Trade Deal

March 5th, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, OP-EDs by BU Professors, Pardee School of Global Studies 0 comments

GallagherThe American Prospect
By Kevin Gallagher, College of Arts & Sciences

Plans to rush fast-track authority for two trade deals for a quick House and Senate vote abruptly broke down on Tuesday. The White House was hoping to put the vote to Congress as early as this week…

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Andres Oppenheimer: China loans to Latin America causing alarm

March 1st, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Miami Herald, Newsmakers, Pardee School of Global Studies 0 comments

GallagherMiami Herald
Kevin Gallagher, College of Arts & Sciences

A new study showing that loans from China’s state-owned banks to Latin America rose by 71 percent last year is drawing alarm bells on both sides of the Pacific…

Expert quote:

“These are dollar-denominated debts. With commodity prices going down, economic growth going down, and their currencies depreciating, the risk is that what looked like manageable debt one day may be unmanageable debt the next day.”

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China Kicks World Bank To The Curb In Latin America

February 26th, 2015 in 2015, College and Graduate School of Arts and Sciences, Forbes, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

GallagherForbes
Kevin Gallagher, College of Arts & Sciences

Drive along the long and straight Avenida del Libertadores in Buenos Aires and you’ll see them. Billboards of the world’s biggest bank, the Industrial and Commercial Bank of China , hanging above the traffic…

Expert quote:

“There is no easy way to measure Chinese bank loans to Latin America.”

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Report: China loaned $22 billion to Latin America in 2014

February 26th, 2015 in 2015, Associated Press, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

GallagherAssociated Press
Kevin Gallagher, College of Arts & Sciences

Chinese state-owned banks loaned $22.1 billion to Latin American countries last year, helping to keep afloat struggling economies that have been hit hard by a fall in prices for oil, minerals and other commodities that they export, according to new numbers released Thursday by the U.S. think tank the Inter-American Dialogue…

Expert quote:

“The windfall for commodity prices over the last commodity boom was the biggest recorded in history, but the marginal savings rate was lower than in past booms. The South American resource countries are facing a real pinch.”

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Kevin Gallagher: Emerging Markets and the Reregulation of Cross-Border Finance

February 18th, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

GallagherTruthout
Kevin Gallagher, College of Arts & Sciences

Since the revival of global capital markets in the 1960s, cross-border capital flows have increased by orders of magnitude, so much so that international asset positions now outstrip global economic output…

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China emerges as Latin America’s lender of last resort

February 5th, 2015 in 2015, Associated Press, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

GallagherAssociated Press
Kevin Gallagher, College of Arts & Sciences

As soon as she landed in Beijing this week, Argentine President Cristina Fernandez de Kirchner began lauding new deals with what she called the world’s “No. 1 economy,” ranging from two proposed nuclear power plants to joint space exploration…

Expert quote:

“China sees (Latin America) as very strategic because of natural resources. They might not need it anymore but now they’re pushing their firms around the world and see it as an opportunity to get market share.”

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Diversifying trade challenges China, Latin America: Analysts

February 1st, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, Pardee School of Global Studies 0 comments

GallagherChina Daily USA
Kevin Gallagher, College of Arts & Sciences

As China and Latin America vow to increase trade and investment, analysts said diversifying trade will be a challenge…

Expert quote:

“Commodities are still what Latin America is all about. However, there may be some room to open up that trade a bit more.”

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Exporting Financial Instability

January 29th, 2015 in 2015, College and Graduate School of Arts and Sciences, Kevin Gallagher, Newsmakers, OP-EDs by BU Professors, Pardee School of Global Studies 0 comments

GallagherThe American Prospect
By Kevin Gallagher, College of Arts & Sciences

Obama’s Trans-Pacific Partnership agreement could set back the gains made by emerging and developing countries after the financial crisis…

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