During the Global Financial Crisis, certain financial markets temporarily dried up, and left some corporations and investors seeking new avenues for building wealth, both for themselves and for their shareholders. One such avenue is commonly called third-party funding (TPF), in which an individual or corporation outside of a legal dispute provides financing to one of […]
The role of development finance institutions (DFIs) in low-income and emerging countries is fundamental to providing long-term capital for investments in climate mitigation and adaptation. There is growing awareness among DFIs of the need to factor climate change into the financial risk assessment of their portfolios and the importance of assessing the opportunities generated by […]
To download the report and accompanying blog piece from the WRI web page In a new report with the Washington-based World Resources Institute (WRI), researchers at the Global Development Policy Center find that China’s Belt and Road Initiative (BRI) is yet to be aligned with the low-carbon priorities included in BRI countries’ commitments under the Paris Climate Agreement. […]
Kevin P. Gallagher, Director of the Global Development Policy Center and Professor at the Frederick S. Pardee School of Global Studies, published an article this week, entitled, “The Trade Strategy We Need,” in the American Prospect magazine. Dr. Gallagher offers his commentary on Trump’s tariff policies and provides an outline of principles for global trade policy […]
Meeting the ambitious goals of the Paris Agreement will require the United States and other major greenhouse gas (GHG) emitters to integrate climate change considerations into all relevant areas of economic policy. The United States, however, has conspicuously failed to do so with regard to international trade negotiations. International trade agreements tend to increase GHG […]
A common argument for renewable energy is that it leads to job creation in the country or region where it is located. Yet this clean-energy boost to local employment could be at risk under World Trade Organization (WTO) rulings that prohibit favoritism for local producers. In a working paper for the Working Group on Trade, […]
In an effort to address chronic inequality, air pollution, and climate change in an integrative manner, many nations have deployed Local Content Requirements (LCRs). In the five years following the 2008 Financial Crisis, twenty such policies were put in place all over the world. These policies are justified on both economic and political grounds—by correcting […]
The world is at a turning point in global economic policy-making. With the Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change, there is convergence on a new set of goals for the future of the earth’s economy, people and ecosystems. In each of these arenas, world leaders overcame traditional North-South divides to […]
Over the last two decades, many governments have incorporated clauses in free trade agreements that commit treaty members to promoting good labor and environmental laws as well as outcomes. The logic is that countries should not gain competitive advantage in trade by undermining or failing to protect workers’ rights and the environment. The commitments typically […]
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 […]