Since China began lending large quantities of money to the Global South in the mid- 2000s, suspicions have swirled that these loans compete with the International Monetary Fund (IMF), offering comparable amounts of money in exchange for very different promises. Whereas the IMF conditions its loans on commitments to economic reform, China typically lends for […]
China has experienced an unprecedented period of growth over the last three decades, partly reflecting big structural changes. Nonetheless, productivity has slowed in recent years, raising concerns about future growth prospects. On Wednesday, March 24, Marialuz Moreno Badia will discuss whether fiscal decentralization and associated regional disparities can explain resource misallocation in China. Using a […]
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 […]
The COVID-19 pandemic along with the unfolding sovereign debt and climate crises have considerably upended government lending. The economies of Latin America contracted by 7.7 percent in 2020, the largest contraction globally in the COVID-19 era and the largest in the region in 120 years. The region has experienced half a million deaths from the […]
While it has become common to regard the international monetary system as hierarchical, the nature, shape and origin of this hierarchy often remain vague. Taking on board insights of critical macro-finance, this study from the Global Economic Governance Initiative at the Global Development Policy Center conceptualizes international monetary hierarchy by focusing on different mechanisms to […]
By Blake Alexander Simmons In response to President Joe Biden’s recent executive order committing to protect at least 30 percent of the United States’ lands and waters by 2030 (30×30), researchers from the Global Development Policy Center, the Boston University Department of Earth and Environment, and The Nature Conservancy released a new working paper highlighting […]
In a new working paper, Pedro Henrique Batista Barbosa examines the Chinese investments and loans in Brazil’s electric sector, more specifically in hydro, wind, solar, coal, biomass, oil and nuclear power segments from their onset in mid-2000s until 2019. Chinese presence in the Brazilian electricity sector has increased consistently and significantly in three aspects: investments, […]
By Yinan Zhang China has implemented a large fiscal stimulus in 2020 to counter the negative economic impact of COVID-19. Up to September 2020, the fiscal support amounted to $707 billion (roughly 4.8 trillion renminbi) through spending and revenue measures (above-the-line (ATL) measures) and another $198 billion in liquidity support. The health-sector related spending accounts […]
By Katie Gallogly-Swan On Friday, December 11, the Global Development Policy (GDP) Center co-hosted a webinar with the South Centre on ‘Guaranteeing Access to Medicines: Reforming Trade and Investment Treaties in the COVID-19 Era,’ featuring Carlos Correa, Executive Director of the South Centre; Mustaqeem de Gama, Counsellor at the South Africa World Trade Organization (WTO) […]
By Yinan Zhang In the aftermath of the COVID-19 outbreak, China’s economic growth dipped into negative territory with a year-on-year growth of -6.8 percent in the first quarter of 2020, compared to growth rates above 6 percent in previous years. As the epidemic got under control within China and support measures were deployed allowing the […]