The onset of the COVID-19 pandemic triggered a sudden reversal in global capital flows, compounding the fallout from the pandemic for emerging market and developing economies. Between mid-January and mid-March 2020 alone, the Organization for Economic Co-operation and Development (OECD) estimated outflows from these countries at $103 billion. The consequences of such sudden stops or […]
By Samantha Igo After two years of severe economic stress from the COVID-19 pandemic, economies are just beginning to recover as international leaders make use of a variety of policy tools. However, capital flow management measures (CFMs), a key tool that could support economic recovery, remain out of reach for many. In 2012, the International […]
By Özlem Ömer On Tuesday, March 1, the Boston University Global Development Policy (GDP) Center hosted a webinar to discuss its new report analyzing the policy responses to the COVID-19 pandemic and lessons for the global trade and investment regime, focusing on six countries— USA, Germany, France, China, India and South Africa. The discussion centered […]
By Samantha Igo Amid the social and economic stress of the COVID-19 pandemic, emerging market and developing countries have faced severe liquidity bottlenecks while working to implement responsive public health and economic policies. Compounded by an already-looming debt crisis, the economic distress led experts and civil society organizations to advocate for the International Monetary Fund […]
In 2021, the International Monetary Fund (IMF) issued a historic allocation of Special Drawing Rights (SDRs) equivalent to $650 billion. These supplementary international reserve assets were allocated to help meet the liquidity bottlenecks facing many countries due to the COVID-19 pandemic. However, because of the IMF’s quota-based decision-making structure, SDRs primarily flowed to more advanced […]
By Zara C. Albright On Thursday, February 17, 2022 the Boston University Global Development Policy (GDP) Center hosted Dr. Stephen B. Kaplan, Associate Professor of Political Science and International Affairs at the George Washington University, to discuss his new book Globalizing Patient Capital: The Political Economy of Chinese Finance in the Americas. The webinar was […]
By Rachel Thrasher In the wake of the 2008-09 Global Financial Crisis, there was a movement by the International Monetary Fund (IMF), Group of 20 (G20) and many in the academic community to investigate how certain policies could help stabilize the world economy. A critical focal point for this was capital flow management measures, or […]
With the world again reeling from a new COVID-19 variant, the economic outlook for 2022 is defined by uncertainty and inequality. Advanced economies, where vaccines are widely available, are beginning to recover, but concerns over rising inflation are prodding central banks to consider increasing interest rates. Developing countries, meanwhile, face bleak prospects: low vaccine access […]
By Rachel Thrasher Scientists from the Texas Children’s Hospital Center for Vaccine Development and Baylor College of Medicine have developed a new COVID-19 vaccine based on well-known, easy-to-use technology, cheap to produce and relatively easy to store. Drawing from just $7 million in investor funds over the past two years, Peter J. Hotez and Maria […]
By Katie Gallogly-Swan On Thursday, January 20, the Boston University Global Development Policy (GDP) Center and the United Nations Conference on Trade and Development (UNCTAD) co-hosted a webinar book launch of ‘The Case for a New Bretton Woods’, authored by GDP Center Director, Kevin P. Gallagher, and Richard Kozul-Wright, Director of UNCTAD’s Globalization and Development […]