The Journal of Globalization and Development is edited by GDP Center director Kevin P. Gallagher, GDP Center non-resident fellow Jeronim Capaldo, as well as Joseph Stiglitz and Jose Antonio Ocampo from Columbia University and Dani Rodrik from Harvard University. The journal has just issued a call for papers for three special issues on: trade treaties […]
Today’s era of financial globalization is characterized by an unprecedented expansion of global financial flows. Partly, these flows form the counterpart to global value chains and the globalization of trade in goods and services. In the last few decades, however, they have been increasingly decoupled from the real sector. The financial infrastructure that enables this […]
Climate policy faces the challenge of dealing with pervasive and massive externalities compounded by crucial market failures. The price system, left to its own devices, is incapable of adequately dealing with this challenge and requires the support of appropriately crafted policy. However, this policy needs to be as pervasive as the climate challenge itself. Only […]
The COVID-19 crisis is now a global one that has also morphed into larger and more global economic and social crisis than the financial collapse of 2008-2009. High income countries have done well to backstop their financial systems and have also begun to advance bold stimulus packages for recovery. However, emerging market and developing countries […]
The outbreak of COVID-19 is a human tragedy that is rapidly becoming an economic tragedy as well. As the world’s health systems are under strain to combat the virus, the present Global Financial Safety Net (GFSN) is similarly struggling to respond to the severe financial strain governments are facing around the world. A high degree […]
This past Friday, Colin Bradford and Ambassador Jorge Heine convened a virtual Global Development Policy Center workshop of the China-West Dialogue to discuss the future of global governance in the context of Covid-19 and other challenges, such as climate change. The virtual workshop was well attended and featured a keynote introduction by The Right Honourable […]
Rebecca Ray & Pedro Henrique Batista Barbosa China-Latin American Bulletin, March 2020
In 2019, trade between China and Latin American and the Caribbean (LAC) hit record figures, though the relationship between exports and imports has largely held steady from 2018. Infrastructure continued to form the backbone of the relationship, providing the majority of both development finance and investment. These are among findings of the China-Latin America Economic […]
Chinese policy bank finance to Latin American and Caribbean (LAC) governments and state-run companies fell to roughly $1.1 billion in 2019, down from the $2.1 billion that the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) provided to the region the year before. The low levels of Chinese policy bank lending in […]
African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area (AfCFTA). They will be meeting at a critical moment for the continent. Africa, which is experiencing uneven growth and rising debt sustainability problems and is facing an uncertain global environment, needs the […]