The Boston University Global Development Policy (GDP) Center is a University-wide center in partnership with the Frederick S. Pardee School of Global Studies. The GDP Center’s mission is to advance policy-oriented research for financial stability, human well-being and environmental sustainability. The Global China Initiative (GCI) at the GDP Center maintains a suite of five interactive […]
By Xinyue Ma While the early growth of China’s overseas development finance in the energy sector had been bolster by fossil fuel investments, the Global Development Policy Center’s China’s Global Energy Finance Database shows that its recent decline is likewise driven by a stepwise decrease of fossil fuel investment, especially in oil and gas. This […]
As the only global institution tasked with preventing and mitigating global financial instability, the International Monetary Fund (IMF) has been called upon to play a crucial role in combatting the effects of two simultaneous crises: COVID-19 and climate change. Since the inception of the crisis, the IMF has provided strong global thought leadership in stressing […]
The International Monetary Fund (IMF) needs to rapidly, but carefully, devise a climate change strategy that helps countries meet their collective climate change goals in a manner that enhances stability, equity, growth, and sustainable development. A top priority for IMF reform will be to align the IMF’s core surveillance functions with climate ambition. To this […]
In recent years, China has become a highly visible and talked about actor in Africa’s financial landscape. As the economic and political dimensions of China-Africa relations continue to grow and shift, how has Chinese lending to African nations changed over time? What was the state of Chinese lending to Africa prior to the COVID-19 pandemic […]
Request for Proposals Boston University’s Global Development Policy Center (GDP Center) is pleased to announce a call for proposals for faculty-led research papers in global development policy. Founded on September 1, 2017, the GDP Center is a Boston University-wide center in partnership with the Frederick S. Pardee School of Global Studies and the Vice President […]
The development of multiple viable vaccines to eradicate the COVID-19 pandemic in less than a year was an incredible scientific achievement, which is now undermined by severe vaccine inequality. An inequitable vaccination program could prolong the pandemic for many years through cycles of mutation, resistance, and reinfection and will cost the global economy an estimated […]
By James Sundquist Are China’s loans to developing countries merely investments in power plants and highways, or do they serve another purpose of bailing out countries in crisis? If so, is China undermining the International Monetary Fund (IMF)? Despite much heated debate over the consequences of Chinese lending, this basic question has remained unanswered. On […]
By James Sundquist Do economies always grow fastest when left alone, or can governments spur economic development through active measures such as subsidies? What kinds of interventions – also known as industrial policy – are most effective? These questions motivated a lecture delivered by Dean Ann E. Harrison of the Haas School of Business at […]
By Luma Ramos Worldwide, nations face challenges to finance stable, inclusive, and green structural transformation. Even before the COVID-19 crisis, economies had to create strategies and mobilize resources to fill the existing investment gap. Over the past decade, financial institutions in the Global South have pushed to channel their resources to meet their own needs. […]