By Emanne Khan Over the past half-century, the Arab Gulf countries have experienced economic development at astonishing rates. Fueled by booming oil revenues during the 1970s and ‘80s, these countries, and particularly Saudi Arabia and the United Arab Emirates (UAE), rapidly expanded roads, infrastructure, social services and more. With economic development came an influx of […]
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 […]
In March 2022, the Brazilian Development Association (Associação Brasileira de Desenvolvimento – ABDE) launched the ABDE 2030 Sustainable Development Plan with public policy proposals to catalyze $380 billion in investments by 32 institutions of the National Development System (Sistema Nacional de Fomento – SNF) for the implementation of the UN 2030 Sustainable Development Goals (SDGs). […]
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 […]
Financial liberalization has noticeably reduced the role of the state in effectively influencing the economy in post-developmental states, yet many studies have found that the legacies of the developmental model continue to influence the policies, institutions and socioeconomic challenges that are faced by the states that previously adopted the model. These studies, however, do not […]
By Christina Duran Last month, countries met in Egypt for the 2022 United Nations Climate Change Conference (COP27) to discuss progress on achieving climate goals with a focus on the Global South. The presence of one country in particular loomed large at the conference – China. While it is presently the largest carbon dioxide emitter, […]
By Lara Merling This November, the Group of Twenty (G20) Leaders’ Summit in Bali, Indonesia was held in parallel to the 27th United Nations Climate Change Conference (COP27) in the Egyptian resort town of Sharm El-Sheikh. World leaders, researchers and activists met amid a charged and challenging global context, from Russia’s war in Ukraine to […]
South Africa is one of the most unequal countries in the world, with clear race and gender factors seeming to play a major and increasing role in soaring wealth inequality and income inequality. Upon a closer look at inequality, there is a strong relationship between the size distribution of households and sectoral inequality. The link […]
By Rachel Thrasher A controversial legal process known as investor-state dispute settlement (ISDS) threatens to hamper the ability of governments to mobilize finance for ambitious climate action and a just transition. When assets are protected by international investment agreements (IIAs) with ISDS, private investors in the fossil fuel sector can bring legal claims against countries […]