Gallagher Briefs State, National Leaders
Kevin Gallagher, associate professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University, spoke with state and national leaders, as well as members of the press, in a series of events surrounding recent research by the Global Economic Governance Initiative (GEGI), of which he is co-director, as well as the publication of his new book, Ruling Capital.
On Jan. 22, Gallagher met with representatives of the offices of Senators Elizabeth Warren and Edward Markey on the intersection between U.S. Trade policy and financial regulatory reform. Gallagher’s research has shown that certain rules in U.S. trade treaties may make it harder for the U.S. and its trading partners to prevent and mitigate future financial crises.
On Jan. 25, Gallagher was mentioned in an article on Bloomberg News, “China’s Turn to Gouge Latin America.” The article cited Gallagher’s research showing Chinese banks often charged Latin American borrowers higher interest rates.
On Jan. 29, Gallagher briefed numerous members of the United States House of Representatives at their annual caucus retreat. This year’s retreat was held in Philadelphia and was titled “Grow America’s Economy, Grow American Paychecks.” Based on his new book and Pardee Task Force report findings, Gallagher briefed members on how certain rules in pending U.S. trade deals could threaten financial stability in the U.S. and adversely impact the American middle class.
On Feb. 4, Gallagher wrote a letter to the editor at the Financial Times entitled, “U. S. Should be Taking Higher Ground on TPP.” In the letter, Gallagher says:
“The US should be at the forefront of creating strong trade policies around the world. The world needs massive increases in trade and investment to adequately raise standards of living, mitigate climate change and address other challenges. Unfortunately the TPP appears to be shooting for a minimum standard of treatment. We should be taking the higher ground.”
On Feb. 5, Gallagher was quoted in an article in the Washington Post, “China Emerges as Latin America’s Lender of Last Resort.” In the article, Gallagher said:
“China sees (Latin America) as very strategic because of natural resources,” Gallagher said. “They might not need it anymore but now they’re pushing their firms around the world and see it as an opportunity to get market share.”
Kevin P. Gallagher will conduct a briefing at the United States – China Economic and Security Review Commission on Wednesday, February 11. The Commission was established in 2000 by the United States Congress to monitor the economic and security dimensions of the US-China relationship. Gallagher will discuss his research on the growing economic ties between China and Latin America.