Physical climate risks, defined as risks arising from the physical effects of climate change, increasingly affect facilities worldwide across industries including foreign assets, or foreign direct investment (FDI). Despite the increasing impact of physical climate risks on firms and facilities globally, little is known about how multinational companies incorporate such risks into their overseas investment […]
By Maureen Heydt On Wednesday, March 23, the Boston University Global Development Policy Center, the Institute for Economic Development and the Department of Economics will host the third Paul Streeten Distinguished Lecture in Global Development Policy. The 2022 Distinguished Speaker is Dani Rodrik, renowned economist and Ford Foundation Professor of International Political Economy at the John […]
Wildlife conservation and management (WCM) practices have been historically drawn from a wide variety of academic fields, yet practitioners have been slow to engage with emerging conversations about animals as complex beings, whose individuality and sociality influence their relationships with humans. In a new journal article published in Conservation Biology, Émilie Edelblutte, Roopa Krithivasan and […]
By Cecilia Han Springer The 2022 update to the China’s Global Energy Finance (CGEF) Database, managed by the Boston University Global Development Policy Center, recorded no new energy development finance commitments from China to foreign governments in 2021 through its two most active policy banks, the China Development Bank (CDB) and the Export-Import Bank of […]
China’s leadership is increasingly aware of the importance of environmental sustainability as a key factor in the success of the Belt and Road Initiative (BRI), an initiative first raised publicly by Chinese leader Xi Jinping in 2013 for intercontinental development and economic cooperation. The BRI puts transportation and energy infrastructure among its top priority areas, […]
The 2022 update to the China’s Global Energy Finance Database, managed by the Boston University Global Development Policy Center, recorded no new energy development finance commitments in 2021 from China to foreign governments through its two most active policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM). This is the […]
The current narrative on debt sustainability often ignores the issue of what a government owns (assets) versus what a government owes (liabilities). While conventional approaches largely focus on the liability side, the kinds of assets a country is trying to build are vital to development and debt sustainability. A new working paper by Yan Wang and […]
The COVID-19 pandemic has resulted in the most serious global health crisis of the past century. For many African countries in particular, the pandemic has also had severe social and economic impacts. Already fragile welfare systems have been threatened or overwhelmed. In addition, the pandemic has adversely affected African intraregional and international trade, investment flows […]
In just over a decade, China’s two major policy banks provided more financing for overseas coal-fired power plant expansion than any other public financier in the world economy. In a new journal article published in the Journal of East Asian Studies, Bo Kong and Kevin P. Gallagher examine the political economy of Chinese overseas development finance […]
By Rishikesh Ram Bhandary and Cecilia Han Springer Although Chinese leader Xi Jinping announced last year that China will no longer build new coal-fired power plants overseas, the Boston University Global Development Policy (GDP) Center’s China’s Global Power (CGP) Database shows 60 coal plants around the world that have received Chinese development finance or foreign […]