By Rebecca Ray In 2023, Latin America and the Caribbean (LAC) and China continued to deepen their economic relations, with a record number of presidential visits and continued strength in Chinese investment and infrastructure in LAC. These are among the findings of the 2024 edition of the China-Latin America and the Caribbean Economic Bulletin, published […]
Over the last year, Latin American and Caribbean (LAC) governments took intentional steps forward in their relationships with China, with frequent visits to discuss the important emerging sectors, such as telecommunications and renewable energy supply chains. Concurrently, while lower-technology mineral and agricultural commodities continue to dominate LAC exports to China, Chinese firms operating in LAC […]
By Keyi Tang, Solomon Owusu and Gideon Ndubuisi China’s economic ties with Africa have grown significantly since the early 2000s. China is currently the largest bilateral trading partner and top export destination for most countries in Africa, and since 2013, China has become the largest bilateral provider of foreign direct investment (FDI) to Africa. However, […]
Since the establishment of the Forum on China-Africa Cooperation (FOCAC) in 2000 and the China-Africa Development Fund in 2006, China’s economic ties with Africa have grown and deepened significantly. However, China’s deepening connections and in particular, its foreign direct investment (FDI), in Africa have been the subject of discussion regarding their composition, goals, nature and implications […]
By Neha Gondal A college degree pays, but where one goes to college also makes a huge difference to lifetime earnings. Attending elite schools significantly increases one’s chances of obtaining a well-paying job and, hence, economic and social success, which reproduces existing disparities. Accordingly, college career fairs, which expose students to potential employers, serve as […]
By Rachel Thrasher The European Union officially voted to withdraw from the Energy Charter Treaty (ECT) on May 30, after several years of increasing agitation over the role of investor-state dispute settlement (ISDS), a controversial legal tool in international investment agreements (IIAs) that fossil fuel companies can use when the value of their investments are […]
By Tim Hirschel-Burns In July 1944—80 years ago—delegates from 44 nations met in Bretton Woods, New Hampshire. Over the course of three weeks, they designed an agreement that led to the establishment of the Bretton Woods institutions, the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), which was later joined […]
July 2024 marks the 80th anniversary of the Bretton Woods Agreement that established the post-World War II multilateral economic order, including the International Monetary Fund (IMF), the precursor to the World Bank, and early global trade governance systems that provided the structure and form of the World Trade Organization (WTO), established in 1995. A new […]
By Jwala Rambarran This month, the International Monetary Fund (IMF) marks its 80th anniversary amid various proposals on how to reform the global financial architecture to make it fit-for-purpose in the 21st century. Climate change poses a particular, and urgent, opportunity for reform. Many of the IMF’s developing country members are grappling with severe fiscal and […]
By Timon Forster It has been three years since the International Monetary Fund (IMF) – the organization tasked with monitoring the international monetary and financial system – determined that its mandate encompasses the macro-economic consequences of global warming (e.g., the pressure of natural disasters on government coffers). In the meantime, the Fund has hired climate […]