As the international institution charged with maintaining global financial and monetary stability, the International Monetary Fund (IMF) has a vital role to play in ushering in a green transition that is as swift as it is just. What actions has the IMF taken since the release of its Climate Change Strategy in August 2021 to […]
Does the existence of enduring multilateral cooperation within a geographic neighborhood—that is, regionalism—support or undercut global multilateralism? A new journal article from Leslie Elliott Armijo in Global Perspectives proposes a powerful mutuality of interests between global multilateralism and independent regionalism in the Global South, utilizing a case study of Latin America-focused policy entrepreneurship over several […]
By Timon Forster On February 15, 2023, the Boston University Global Development Policy Center hosted Jamie Martin to discuss his new book ‘The Meddlers: Sovereignty, Empire & the Birth of Global Economic Governance.’ The Meddlers charts the transformation of global economic governance from World War I to the birth of the International Monetary Fund (IMF) […]
By Devika Dutt and Kevin P. Gallagher The long-standing gridlock in trade negotiations in the World Trade Organization (WTO) has shifted the focus of trade negotiations to bilateral and plurilateral trade and investment agreements. Since the inception of the WTO in 1995, over 2,000 regional and bilateral trade and investment treaties have been negotiated and […]
By Amanda Brown Barbados Prime Minister Mia Mottley spoke at the opening of the 27th United Nations Climate Conference (COP27), calling on powerful countries and institutions to commit to supporting climate vulnerable countries. From unlocking private sector finance to addressing loss and damage, Prime Minister Mottley highlighted the need to acknowledge and take action on the widespread impacts […]
By Amanda Brown The Fall 2022 Global Economic Governance Book Talk Series convened five distinguished scholars across four webinars to discuss their recent books, spanning topics from the key to successful development to capital flight in Africa. In September, Stefan Dercon opened the series by unpacking what is behind the “development bargain” for developing countries. […]
By Mridhu Khanna On December 1, 2022, the Boston University Global Development Policy Center hosted Zainab Usman to discuss her book, “Economic Diversification in Nigeria: The Politics of Building a Post-Oil Economy” as part of the Fall 2022 Global Economic Governance Initiative Book Talk series. Usman’s book, which was named to the Financial Times Best […]
As 2022 comes to a close and the world confronts the “polycrisis,” researchers from the Boston University Global Development Policy Center highlight where progress has been made, where policy movement has stagnated and what to keep an eye on for 2023. Below, read key takeaways on the green energy revolution, sovereign debt, Chinese loans to […]
When the euro arrived in 1999, London’s established dollar business conferred an advantage in intermediating the new number two global currency. The dollar business dominates London’s international financial business, as it has since the 1960s, but London’s share in the global euro business tended to exceed its global dollar share. The Brexit vote in 2016 […]
By Yaechan Lee Financial globalization under the dollar-based structure of the international monetary system is increasingly demanding more proactive policy actions from central banks to prepare against potential capital outflow as investors make the dash for the dollar during financial crises. During the COVID-19 crisis, research finds that even the central banks of developing economies […]