Chinese policy bank finance to Latin American and Caribbean (LAC) governments and state-run companies fell to roughly $1.1 billion in 2019, down from the $2.1 billion that the China Development Bank (CDB) and the Export-Import Bank of China (CHEXIM) provided to the region the year before. The low levels of Chinese policy bank lending in […]
The past two decades have witnessed China’s rise as the world’s leading provider of official development finance (ODF) for energy. However, the overwhelming majority of the Chinese ODF has flown to fossil fuels projects, with solar and wind power representing 2.6 percent the total for electric power worldwide and 1.1 percent of the total for […]
Australian Fair Trade and Investment Network
Intellectual property (IP) provisions in free trade agreements (FTAs) ensure protection for the creation or invention of artistic works and goods, the creation or invention of which sometimes required, as in the case of medicines, high sunk cost in the form of investment in research and development. However, this protection creates a monopoly market for […]
Kevin Gallagher, Director of the Global Development Policy (GDP) Center and Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies, was interviewed for a recent article examining whether developing countries should accept funding from China. Gallagher was quoted in a December 12, 2019 article in Financial Times entitled “Should Poor Countries Welcome Beijing’s Money?“ From the […]
A new book, “Development Banks and Sustainability in the Andean Amazon,” edited by Rebecca Ray, Kevin P. Gallagher and Cynthia A. Sanborn explores what development banks, governments and communities have learned in the last decade of careful negotiation between social and environmental protections in the Andean Amazon, and the pressures of a surging infrastructure and […]
By Kevin P. Gallagher and Rebecca Ray Universidad Nacional Autónoma de México, Centro de Estudios China-México, November 2019.
Trade has not always been such a controversial topic, and it worked well for the US and many other countries for most of the post-war era. However, in the last few decades, trade has become a key pivot point in politics and elections in the US. This is partly because of the transformation of the […]
By Kevin Gallagher and Matías Vernengo Financial Times, October 28, 2019
Kevin Gallagher, Director of the Global Development Policy (GDP) Center and Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies, published a recent Op-Ed on the reforms new IMF managing director Kristalina Georgieva must implement as she faces the challenges of the IMF. Gallagher’s Op-Ed, entitled “Kristalina Georgieva’s IMF challenge” […]