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 Liaoguo Chen How did China, the former Middle Kingdom, the most populous country and the second largest economy in the world, reach its current standing? Will this be, as some say, the century of Asia and, to a large extent, that of China? The “Chinese miracle” has led the country to grow at an […]
By Samantha Igo On September 4-6, 2022, leading experts and policymakers will gather in Bali, Indonesia for the Think20 (T20) 2022 Summit to discuss the latest research-based policy recommendations and matters of global importance. More than 600 authors have worked on policy briefs to deliver policy options to Group of 20 (G20) leaders on three […]
Hydrocarbon producing countries will face important fiscal challenges to reduce greenhouse gas emissions in line with the Paris Agreement on Climate Change and then move to a net-zero emission (NZE) scenario. Efforts taken to reduce these emissions will lower demand for fossil fuels globally and result in falling production volumes and decreased prices. As a […]
By Zara C. Albright In 2021, for the second year in a row, China and Latin America and the Caribbean (LAC) agreed to no new official financing commitments from the China Development Bank (CDB) or the Export-Import Bank of China (CHEXIM). Rather, the China-Latin America and the Caribbean Economic Bulletin, 2022 edition, published by the […]
In 2021, Latin America and the Caribbean (LAC) continued to face challenges stemming from the COVID-19 pandemic and resulting economic strains. After a 7 percent contraction in 2020, the region’s GDP growth rebounded to 6.2 percent in 2021, according to a recent projection from the Economic Commission for Latin America and the Caribbean. This was […]
By Bridgette Lang Though 2020 was a year of economic contraction around the world, it was also a year of continued growth and enlargement for the Belt and Road Initiative (BRI) and the Asian Infrastructure Investment Bank (AIIB) in Latin America. Additionally, the Chinese share of regional exports grew, as did China’s energy sector involvement […]
Editor’s Note: The following is a testimony delivered by Dr. Rebecca Ray to the US-China Economic and Security Review Commission hearing on China in Latin American and the Caribbean on May 20, 2021. To Chairs Bartholomew and Scissors, to the Commission, good morning. My name is Rebecca Ray. I’m a development economist and senior researcher […]
By Rebecca Ray, Zara C. Albright, and Kehan Wang 2020 was a possible inflection point in the economic relationship between Latin America and the Caribbean (LAC) and China. According to joint research from Boston University’s Global Development Policy Center and the Inter-American Dialogue, last year, for the first time since 2006, China didn’t offer any […]
Latin America and the Caribbean (LAC) was hit hard in 2020 by the COVID-19 pandemic and the resulting economic downturn. With one of the highest mortality rates in the world, the region also saw the worst economic slowdown of any global region, contracting by over seven percent last year. In this context, LAC’s relationship with […]