Since the late 1950s, the world has come to use the US dollar to an extent that justifies speaking of the dollar’s global domain. In a new journal article published in the Atlantic Economic Journal, Global Development Policy Center Non-Resident Senior Fellow Robert McCauley contends that the global role of the dollar remains large and suffers […]
The COVID-19 pandemic along with the unfolding sovereign debt and climate crises have considerably upended government lending. The economies of Latin America contracted by 7.7 percent in 2020, the largest contraction globally in the COVID-19 era and the largest in the region in 120 years. The region has experienced half a million deaths from the […]
By Yan Wang, Yinyin Xu and Kevin P. Gallagher On Jan. 10, 2021, China’s State Council Information Office issued a white paper entitled “China’s International Development Cooperation in the New Era” (WP2021, hereafter). This new white paper is the first of its kind since an earlier 2014 ‘White Paper on China’s Foreign Aid’ (WP2014), which […]
By Yunnan Chen Following the impacts of the global COVID-19 pandemic, the role of debt finance—and China’s particular role in becoming the largest bilateral creditor to the developing world—has come to the fore as many developing countries, particularly in Africa, face crises on multiple fronts. Indeed, governments must now navigate an economic recession, a debt […]
In a new working paper, Global China Initiative Fellow Yunnan Chen examines the railway sector in Ethiopia and discusses the implications of local decision-making on technology, skills transfer, and Chinese contractors. Following the international surge of Chinese capital and companies in the last decade and the rise of the Belt and Road Initiative, many African […]
While it has become common to regard the international monetary system as hierarchical, the nature, shape and origin of this hierarchy often remain vague. Taking on board insights of critical macro-finance, this study from the Global Economic Governance Initiative at the Global Development Policy Center conceptualizes international monetary hierarchy by focusing on different mechanisms to […]
As part of the Human Capital Initiative Speaker Series for Spring 2021, Dr. Kathleen Park will present on labor migration, enterprises, and innovation in the Arabian Gulf Region. Dr. Park is an Assistant Professor of Administrative Sciences at Boston University. STARTS: 4:00 PM EST on Wednesday, Feb. 17, 2020 ENDS: 5:00 PM EST on Wednesday, […]
On Weds., Feb. 3, the Global Development Policy (GDP) Center hosted a webinar discussion and interactive demonstration of its latest research on opportunities debt-for-climate and debt-for-nature swaps with China. The research includes a journal article published in Science, a blog summary of the methodology and main findings, as well as an a new interactive tool […]
By Blake Alexander Simmons In response to President Joe Biden’s recent executive order committing to protect at least 30 percent of the United States’ lands and waters by 2030 (30×30), researchers from the Global Development Policy Center, the Boston University Department of Earth and Environment, and The Nature Conservancy released a new working paper highlighting […]
By Kehan Wang During the COVID-19 pandemic, Latin America has suffered from one of the most acute economic downturns in the region’s history. More than ever, Latin American countries need help from the international community in the forms of liquidity, debt relief and more importantly for the long-term recovery, new development finance. On Tuesday, January […]