Much has been written about the questionable legitimacy of extending credit to states where it is likely that the funds will benefit the corrupt leader, or where the terms of the debt are highly inequitable. Less literature focuses on a different moment in the debt cycle: the point of default and the loss of voice […]
By Leslie Elliott Armijo A global power rebalancing is in process, and Latin America now has the option of playing a larger role in global politics than ever before. In a new journal article in Global Perspectives, I argue that shifts in global power are increasing the value of independent regionalism, particularly within Latin America. […]
Does the existence of enduring multilateral cooperation within a geographic neighborhood—that is, regionalism—support or undercut global multilateralism? A new journal article from Leslie Elliott Armijo in Global Perspectives proposes a powerful mutuality of interests between global multilateralism and independent regionalism in the Global South, utilizing a case study of Latin America-focused policy entrepreneurship over several […]
By Perry Mehrling When Charles P. Kindleberger sat for his official photograph as President of the American Economic Association, he positioned himself so that just over his left shoulder you can see the book of Hyman Minsky, Can It Happen Again? Essays on Instability and Finance. In due course the picture appeared in the March […]
While a connection between economists Charles P. Kindleberger and Hyman Minsky is clear, the full extent of their intellectual relationship was unclear. By his own account, Kindleberger’s attention was only first brought to Minsky by Martin Meyer in 1976 as he was looking to build on his renowned book, World in Depression, 1929-1939. Kindleberger and […]
For its long, winding roads and unknown challenges, fostering sustainable and inclusive development requires new public intervention models. Critically assessing existing innovative policy experiments, their outcomes and determinants, is important not only to strengthen the knowledge base but also to inspire sound development-oriented policies, including green industrial policies. A tide of change in analytical and […]
By Timon Forster On February 15, 2023, the Boston University Global Development Policy Center hosted Jamie Martin to discuss his new book ‘The Meddlers: Sovereignty, Empire & the Birth of Global Economic Governance.’ The Meddlers charts the transformation of global economic governance from World War I to the birth of the International Monetary Fund (IMF) […]
By Devika Dutt and Kevin P. Gallagher The long-standing gridlock in trade negotiations in the World Trade Organization (WTO) has shifted the focus of trade negotiations to bilateral and plurilateral trade and investment agreements. Since the inception of the WTO in 1995, over 2,000 regional and bilateral trade and investment treaties have been negotiated and […]
By Amanda Brown Barbados Prime Minister Mia Mottley spoke at the opening of the 27th United Nations Climate Conference (COP27), calling on powerful countries and institutions to commit to supporting climate vulnerable countries. From unlocking private sector finance to addressing loss and damage, Prime Minister Mottley highlighted the need to acknowledge and take action on the widespread impacts […]
By Amanda Brown The Fall 2022 Global Economic Governance Book Talk Series convened five distinguished scholars across four webinars to discuss their recent books, spanning topics from the key to successful development to capital flight in Africa. In September, Stefan Dercon opened the series by unpacking what is behind the “development bargain” for developing countries. […]