Gallagher in Emerging Markets: Latin America’s New Power Players
Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University, was quoted in two recent media articles on China’s lending to Venezuela and the China Development Bank’s role as a power players in Latin America.
Gallagher was quoted in a pair of articles on Emerging Markets on April 9 and 10, 2016 entitled “China Faces Catch-22 Dilemma Over Venezuela Debt Pile as Default Looms,” and “LatAm’s New Power Players: Chinese Development Banks Outgun WB, IDB.”
From the text of the April 9 article:
“CDB and Chexim are the region’s new competition, the new power players,” said Kevin Gallagher, co-director of the Global Economic Governance Initiative at Boston University. “There is a big discussion in the region about who can get a quicker and bigger loan out the door quicker. The World Bank and the IDB take 18 months; the Chinese are outside with the motor running and their shovels in the truck.”
From the text of the April 10 article:
Kevin Gallagher, co-director of the Global Economic Governance Initiative at Boston University, said China has boxed itself into a corner. “China has become ensnared with Venezuela, just as it has with the United States over its holding of US treasury bills. They are overexposed, and there’s little they can do other than cross their fingers and hope that the cash they’ve already lent is enough to turn Venezuela around.”
Kevin Gallagher is the co-chair of the Task Force on Regulating Capital Flows and has served as an advisor to the Department of State and the Environmental Protection Agency in the United States, as well as to the United Nations Conference on Trade and Development. Gallagher has been a visiting or adjunct professor at the School for Advanced International Studies at Johns Hopkins University, the Fletcher School of Law and Diplomacy; El Colegio de Mexico in Mexico; Tsinghua University in China, and the Center for State and Society in Argentina.