Green Developmental Statecraft: Pursuing Sustainable Prosperity Under Systemic Constraints

Countries across the Global South have sought to pursue their goal of achieving a green structural transformation through an investment push. However, with the window to limit global warming to safe levels rapidly closing and climate damages already taking a toll, green structural transformation has acquired greater urgency. What is more, Global South countries need to contend with a highly uncertain policy environment where ambition on climate change is waning and political attention has turned inward.

A new report by the Global Development Policy Center discusses how the international system falls short of enabling green structural transformations and highlights a three-pillared policy strategy of green developmental statecraft and international cooperation to enable green structural transformation in the Global South: resource mobilization, policy space and macro-financial management.

This panel brings together experts and policymakers to discuss how countries will need to invest in domestic state capacity and creative incentives for the "new winners," reinvigorate South-South cooperation by creating and expanding southern-led development finance institutions, form collective strategies for engaging with China and form coalitions for reform of the trade and finance regimes.

Panelists:

- Sara Jane Ahmed, Managing Director and Finance Advisor to the V20 Ministers of Finance

- Yin Shao Loong, Deputy Director of Research, Khazanah Research Institute

- Avinash Persaud, Special Advisor on Climate Change to the President of the Inter-American Development Bank

- Shari Spiegel, Director, UN Financing for Development

Presenters:

- Kevin P. Gallagher, Director, Boston University Global Development Policy Center

- Richard Kozul-Wright, Non-Resident Senior Fellow, Boston University Global Development Policy Center

Opening Remarks:

- Laura Carvalho, Director of Economic and Climate Prosperity, Open Society Foundations