By Yan Wang and Yinyin Xu Infrastructure investment is an indispensable driver of development in sub-Saharan Africa (SSA) and many other developing regions, especially amid weak and uneven recovery from the COVID-19 pandemic and several rounds of capital flight associated with monetary tightening in advanced countries. Over the past two decades, China has become the […]
Amid a weak and uneven economic recovery in the Global South, regional development and infrastructure investment seem to be critical to sustainable development. In particular, infrastructure provision is seen as an “unmissable driver for development” in the sub-Saharan Africa (SSA) region. Aside from institutional reasons, physical infrastructure is critical in facilitating market integration and freeing […]
The year 2023 is coming to a close as emerging market and developing economies continue to experience economic headwinds in the form of higher-for-longer interest rates, the ongoing ramifications of the COVID-19 pandemic and Russia’s war in Ukraine and accelerating climate change. In reflecting on the end of the year and the start of another, […]
To mark the tenth anniversary of China’s historic Belt and Road Initiative (BRI), the third Belt and Road Forum for International Cooperation (BRF) will be held in Beijing in mid-October, with several international leaders scheduled to attend. The BRI is an ambitious global infrastructure platform to expand connectivity, economic integration, growth and cooperation across the […]
By Yan Wang and Yinyin Xu Three years since the onset of the COVID-19 pandemic, multiple extreme weather disasters have pushed millions of people to the brink of hunger and poverty. Progress in achieving the United Nations 2030 Sustainable Development Goals (SDGs) has been rolled back in many countries due to overlapping crises, or ‘polycrises’ […]
Three years since the onset of the COVID-19 pandemic, multiple extreme weather disasters have pushed millions of people to the brink of hunger and poverty. Progress in achieving the United Nations 2030 Sustainable Development Goals (SDGs) has been rolled back in many countries due to multiple overlapping crises, or poly-crises: the health crisis, the global […]
In an environment characterized by rising interest rates and high uncertainty, avoiding a global recession is possible not by halting investment, but continuing to invest in public assets in the Global South. Public assets like railroads, bridges and other critical infrastructure are able not only to generate a positive yield, but also support sustainable structural […]
As 2022 comes to a close and the world confronts the “polycrisis,” researchers from the Boston University Global Development Policy Center highlight where progress has been made, where policy movement has stagnated and what to keep an eye on for 2023. Below, read key takeaways on the green energy revolution, sovereign debt, Chinese loans to […]
By Yan Wang and Ying Qian After nearly three years of the COVID-19 pandemic and its aftermath, the global economy is facing three overlapping crises: 1) the climate crisis, as shown by extreme weather disasters, 2) Russia’s war in Ukraine, which has led to energy and food prices to skyrocket and 3) capital outflows from […]
Fallout from the COVID-19 pandemic and Russia’s war in Ukraine have exacerbated a large divergence in development due to the uneven recovery from the health crisis, looming stagflation and the global climate crisis. For emerging markets and developing countries (EMDCs), outlook remains dampened by the lasting legacies of the pandemic, including the erosion of skills […]