Por Julie Radomski, Zara Albright y Rebecca Ray Mientras los líderes de América Latina y el Caribe (ALC) se preparan para el próximo Foro China-CELAC (Comunidad de Estados Latinoamericanos y Caribeños) en Pekín, esta reunión debe ser entendida menos como un lugar para anunciar nuevos compromisos importantes y más como una continuación de los diálogos […]
By Julie Radomski, Zara Albright and Rebecca Ray As Latin American and Caribbean (LAC) leaders prepare for the upcoming China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing, the meeting should be viewed less as a venue for announcing major new commitments and more as a continuation of existing diplomatic and economic dialogues. […]
A new class of low-carbon goods and services forms the essential inputs for the global transition to lower-carbon and climate-resilient economic growth paths. By constructing a new dataset of such low-carbon technology (LCT) trade, a new journal article published in Science by Praveena Bandara, Rebecca Ray, Jiaqi Lu and Kevin P. Gallagher finds that the […]
Since its founding, the International Monetary Fund (IMF) has in theory sought to act as the international “lender of last resort,” providing financing to countries facing balance-of-payments and macrofinancial pressures. However, in the 21st century, the landscape of international rescue lending has shifted. China has become the world’s largest bilateral lender, providing assistance comparable to […]
By Cornel Ban and Xuan Li In most Western economies, venture capital (VC) is largely a private enterprise, driven by the pursuit of profit. The state typically plays a secondary role, stepping in only when private capital is hesitant. Government VC firms fill this gap, providing risk capital to innovative startups and fueling Mazzucato-style “missions.” […]
Driven by geopolitics and the threat of climate change, industrial policy has reclaimed center stage in the comparative political economy of national economies, irrespective of their level of per capita income. However, this turn has been criticized for primarily enticing private capital into serving public agendas in ways that reduce the state to a “derisking” […]
Demand for energy transition minerals (TMs) is set to expand many-fold as global investors and nations embrace the ongoing global energy transition. The task of establishing sustainable and inclusive production methods for these supply chains is an urgent one for source countries – most of which are developing countries located in Latin America and the […]
By Julia Radomski and Rebecca Ray As the global economy shifts toward a greener future, the role of public development finance institutions (PDFIs) and export credit agencies (ECAs) in financing transition minerals (TMs) — which are vital for the green energy transition — is increasingly salient. Demand for TMs is set to expand many-fold as […]
By Hua Chai and Yan Wang In recent years, the traditional focus on public debt as the cornerstone of fiscal policy has come under scrutiny. Many countries anchor their fiscal policy on the level of public debt, either implicitly or explicitly through fiscal rules. However, the prolonged period of low interest rates in advanced economies […]
By Yan Wang and Zheng Zhai Over the past two decades, China has become the largest bilateral provider of development finance. At the 2024 Forum on China-Africa Cooperation (FOCAC), China reaffirmed its commitment to further opening its vast financial market to African nations, encouraging them to issue panda bonds. Alongside this, it pledged $51 billion […]