The new GDP Center policy brief shares insights on the state of China’s overseas development finance from 2008-2021 and how borrowers, sectors, and loan types have changed over the years.
In 2022, the Pardee School went through numerous big changes, welcomed new members to our community, and set the stage for a period of substantial progress as we approach our second decade as stewards of global studies education at BU. As the New Year approaches, we want to highlight some of the biggest stories and moments from the year.
Professor Grimes and Yaechan Lee show that in times of economic stress, the NPS has shifted its investments to support state objectives of financial stabilization rather than profit maximization, demonstrating the ways in which developmentalist legacies live long after their official mandates have changed.
Professor Gallagher led a discussion with Professor Mehrling on his latest book, which is a biography of both Charles P. Kindleberger and the dollar system as well as the story of the development of ideas about how money works.
The “Chinese miracle” has led China to grow at an annual average of 10 percent for 30 consecutive years, becoming the world´s number one manufacturing and exporting power. Ambassador Heine offers insights on this growth, which he explores fully in his latest book.
While the BRI has been an integral part of the global economy over the past ten years and greatly bolstered the economies of developing countries, Professor Ye argues that its success does not mean China will dominate the world economy in the future.
The report provides an overview of the mission and strategic plan of the GDP Center, while also reviewing the work and impact of the Global China Initiative, Global Economic Governance Initiative, and Human Capital Initiative.
Gormley will work with Gallagher and his partners on a project that examines how China chose to decarbonize its Belt Road Initiative and what lessons can be drawn to ensure that China implements and expands on this momentous act of global leadership.
The project aims to better support Hello Tractor’s mission of supporting farmers in Africa and, by extension, helping feed the world into the 21st century. Insights from the project could also support the work of other firms trying to provide healthcare, clean energy, and other services to rural communities.
Professor Brulé and Aliz Tóth argue for policies that place multiple marginalized groups at the center, leveraging the fact that those who bear the brunt of interlocking forms of oppression have the greatest capacity to catalyze social transformation that benefits everyone.
Chinese investment in Indonesia is unique from other BRI projects, as it’s concentrated in the environmentally sensitive sectors of the metals industry and infrastructure. This GDP Center research compares the environmental risks between FDI projects and identifies Indigenous communities that may be impacted by multiple risks
Professor Karra presented findings from two field experiments he has conducted over several years in Malawi to measure the impacts of family planning on contraceptive use, fertility health, and longer-term well-being.
Over ten weeks, the Summer in the Field Fellows will develop their skills, research, and professional experience by participating in a variety of research projects and internships.
“The run-up to the IX Summit of the Americas shows that the zero-sum, exclusionary approach to the development challenges of the Americas initiated by the Trump administration and continued by Biden is a dead-end street.”
Professor Karra and his coauthors show that exposure to the intervention increased the intervention group’s control over birth spacing and postpartum fertility, which in turn may contribute to women’s longer-term health and well-being.
The researchers find legal claims from oil and gas investors in response to government actions to limit fossil fuels could reach $340 billion, which would divert critical public finance from essential mitigation and adaptation efforts to the pockets of fossil fuel industry investors.
In their remarks, Gallagher and Kozul-Wright outline the motivation and purpose of the new book – “The Case for a New Bretton Woods” – which is to call for a global discussion to realign global economic institutions for our collective climate, social and development goals.
“As the world stumbles towards the Second Cold War, developing nations realize that if they want to safeguard their autonomy, the last thing they need to do is to align themselves with either of the great powers.”
In his remarks, Dani Rodrik, Ford Foundation Professor of International Political Economy at Harvard University, discussed the importance of development strategy as opposed to particular policies and called for a “good jobs” development model.
If and when Chinese development finance for overseas energy activity increases again, it should be directed towards cleaner sources of energy to match the trends in foreign direct investment, policy announcements, and global goals for mitigating climate change.