Gallagher Co-Authors “South-South Regional Financial Arrangements“

Kevin Gallagher, Professor of Global Development Policy at BU’s Frederick S. Pardee School of Global Studies and Director of BU’s Global Development Policy Center (GDP Center), has published a new book charting the dramatic change in the global financial and monetary landscape over the last few decades; in particular, through the expansion of Southern-led and Southern-oriented institutions and mechanisms. 

The book, South-South Regional Financial Arrangements: Collaboration Towards Resilience, was co-authored by William Kring Executive Director of the GDP Center, and Gallagher, in partnership with Diana Barrowclough and Richard Kozul-Wright of the United Nations Conference on Trade and Development, takes stock of some of the most interesting adaptations and institutions led by the South with respect to short-term foreign liquidity and emergency finance. The different experiences described in this volume show that while these Southern-led initiatives offer many and significant benefits to broaden and diversify the global financial architecture, they are only partial and imperfect solutions to the challenges that remain.

The book was published as part of Springer Link’s International Political Economy Series, which has tracked the development of the global political economy in both analysis and structure over the last three decades with a particular concentration on the global South.

William Grimes, Pardee School Associate Dean for Academic Affairs and Professor of International Relations and Political Science, co-authored a chapter on alternatives to the International Monetary Fund in Asia and Latin America.

Details of the book can be found on the Springer Link website.

Kevin Gallagher is a professor of global development policy at Boston University’s Frederick S. Pardee School of Global Studies, where he directs the Global Development Policy Center. He is the author or co-author of numerous books, including most recently, The Case for a New Bretton Woods (Wiley, 2022). Read more about Professor Gallagher on his Pardee School faculty profile.