In Southeast Asia, several countries are already exposed to socio-economic and financial losses induced by physical climate risk. Some Southeast Asian countries exposed to physical risk, such as Indonesia, are also leading producers and exporters of fossil fuels. This compounds the country’s climate impacts by exposing them transition risk, or a situation in which climate […]
By Yaechan Lee On Thursday, March 17, 2022, the Boston University Global Development Policy Center hosted Professor Jeff Colgan, Associate Professor of Political Science at Brown University and Director of the Climate Solutions Lab at the Watson Institute of Public and International Affairs, to discuss his new book, ‘Partial Hegemony: Oil Politics and International Order’, […]
As the world comes to grips with the devastating economic and public health consequences of COVID-19, Southern-led alternative institutions for finance and development have taken on more importance than ever. The new book, “South-South Regional Financial Arrangements: Collaboration Towards Resilience,” from William N. Kring and Kevin P. Gallagher, in partnership with Diana Barrowclough and Richard […]
The onset of the COVID-19 pandemic triggered a sudden reversal in global capital flows, compounding the fallout from the pandemic for emerging market and developing economies. Between mid-January and mid-March 2020 alone, the Organization for Economic Co-operation and Development (OECD) estimated outflows from these countries at $103 billion. The consequences of such sudden stops or […]
Combating climate change requires coordinated global efforts, yet much of the current climate policymaking is led by developed countries. A case in point is the European Union (EU)’s ambitious climate change mitigation package. To prevent carbon leakage, the EU adopted a resolution in 2021 to implement a Carbon Border Adjustment Mechanism (CBAM) as a part […]
By Samantha Igo After two years of severe economic stress from the COVID-19 pandemic, economies are just beginning to recover as international leaders make use of a variety of policy tools. However, capital flow management measures (CFMs), a key tool that could support economic recovery, remain out of reach for many. In 2012, the International […]
By Özlem Ömer On Tuesday, March 1, the Boston University Global Development Policy (GDP) Center hosted a webinar to discuss its new report analyzing the policy responses to the COVID-19 pandemic and lessons for the global trade and investment regime, focusing on six countries— USA, Germany, France, China, India and South Africa. The discussion centered […]
By Samantha Igo Amid the social and economic stress of the COVID-19 pandemic, emerging market and developing countries have faced severe liquidity bottlenecks while working to implement responsive public health and economic policies. Compounded by an already-looming debt crisis, the economic distress led experts and civil society organizations to advocate for the International Monetary Fund […]
In 2021, the International Monetary Fund (IMF) issued a historic allocation of Special Drawing Rights (SDRs) equivalent to $650 billion. These supplementary international reserve assets were allocated to help meet the liquidity bottlenecks facing many countries due to the COVID-19 pandemic. However, because of the IMF’s quota-based decision-making structure, SDRs primarily flowed to more advanced […]
By Rachel Thrasher In the wake of the 2008-09 Global Financial Crisis, there was a movement by the International Monetary Fund (IMF), Group of 20 (G20) and many in the academic community to investigate how certain policies could help stabilize the world economy. A critical focal point for this was capital flow management measures, or […]