Kevin P. Gallagher, Director of the Global Development Policy Center at Boston University, was interviewed for a recent article on China’s economic influence in Latin America. Gallagher was quoted in a July 2018 article in The New York Times, entitled “From a Space Station in Argentina, China Expands Its Reach in Latin America.” The article is nominally about the Chinese space […]
In the past decades, China has massively financed infrastructure projects overseas, building railways, bridges, power plants and ports around the world. The enormous amount of capital outflow has drawn much attention from international investors, mass media, policymakers and academics, especially after the announcement of the Belt and Road Initiative and the establishment of the Asian […]
In 2017, Latin America and the Caribbean (LAC) continued to strengthen economic ties with China, especially with respect to trade and foreign direct investment (FDI) in extraction, infrastructure and to a lesser extent, manufacturing activities. Conversely, Chinese policy banks gave fewer loans to Latin American governments, according to the China-Latin America Finance Database, jointly administered […]
The 2017 update of the China’s Global Energy Finance (CGEF) Database shows China’s two global policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM), are becoming the largest sources of energy finance for governments across the world. The interactive database, managed by the Boston University Global Development Policy Center, tracks […]
Since the Chinese government announced the Belt and Road Initiative (BRI) in 2013, China has solidified its status as a leader in the international community. Through its financing of development projects, mostly through South-South cooperation, BRI has attracted considerable scrutiny. This attention comes from both developed and developing countries and focuses on how the Chinese […]
China has gradually become a global leader in outbound overseas investment in a manner that is triggering significant change in China and host countries alike. Similar to other successful paths to development, government-sponsored financial institutions have played a key role in China’s outbound investment. As a result, the Export-Import Bank of China (CHEXIM) and China […]
As members of the Western-led financial institutions, the International Monetary Fund and the World Bank, meet with finance ministries and central banks in Washington over the next few days, the center of gravity for leadership is shifting to other shores. Since the global financial crisis that occurred over a decade ago, there is now more […]
University of California Press (October 2017) Kevin P. Gallagher and Research Fellow Rebecca Ray chapter contribution. Book description: The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment […]
Chinese Investment in Latin America: Environmental Perspectives Inter America Dialogue Rebecca Ray talk-video April 19, 2017
There is a sense of urgency in emerging market and developing countries, and Latin America in particular, for international development banks to generate a pipeline of infrastructure projects to reboot lagging economies and meet broader sustainable development goals. In meeting those goals, it is also important to ensure such efforts are socially inclusive and environmentally […]