Intl. Financial Architecture
The international financial architecture is in need of fundamental reform. The system needs to be larger, work better and provide more voice representation to emerging market and developing countries. The necessary reforms will not be possible without the active and welcome participation of the People’s Republic of China.
As the most dynamic growth miracle of the century, the most interconnected trading nation on earth and the largest emitter of carbon emissions with the world’s largest population, China has a major role to play in the reform and maintenance of the system.
The Global China Initiative’s work in this area advances policy-oriented research on China’s role in the international financial architecture, with particular emphasis on the Global Financial Safety Net and global development finance. We advance this work through collaborative and parallel research with institutes in China and other emerging market and developing countries.
Research Highlights
Latest News & Publications
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The ‘New’ New Development Bank: A Decade Plus in the Making
July 09, 2024By Gregory T. Chin When much of the world shut-down at the height of the COVID-19 pandemic, in late 2021, the New Development Bank (NDB) welcomed... [ More ]
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The Evolution of the New Development Bank
July 09, 2024In July 2015, the New Development Bank (NDB), formerly the BRICS Development Bank, was established by the BRICS states (Brazil, Russia, India, China and South... [ More ]
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Illuminating Insights: Chinese Infrastructure Projects Increase Economic Activity in the sub-Saharan African Region
May 20, 2024By 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... [ More ]
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Direct Impacts and Spatial Spillovers: The Impact of Chinese Infrastructure Projects on Economic Activities in sub-Saharan Africa
May 20, 2024Amid a weak and uneven economic recovery in the Global South, regional development and infrastructure investment seem to be critical to sustainable development. In particular, [ More ]
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In Photos: Global China Initiative Visits Beijing and Shenyang
April 17, 2024By Angie Ye During the week of March 25, members of the Global China Initiative (GCI) at the Boston University Global Development Policy Center (GDP Center)... [ More ]
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The Role of Development Banks in Catalyzing the Infrastructure of South America in the 21st Century
March 21, 2024While Asia continues to grow, South America remains stagnant. There are multiple reasons for this, but one major obstacle is the lack of investment in... [ More ]
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Firing Down: The Role of Asset Management Companies in Early Retirement of Coal-Fired Power Plants
March 13, 2024To meet the 1.5C warming threshold of the Paris Agreement, total coal-fired power generation needs to be reduced by 70 percent by 2030 and by... [ More ]
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Calculated Capital: The Business Logic Behind Chinese Lending in the Global South
March 04, 2024Overseas development finance plays a pivotal role in China’s expanding global engagement. Existing scholarship portrays Chinese capital as “patient,” due to its higher tolerance of... [ More ]