Gallagher in FT: China’s Development Finance
Kevin Gallagher, Professor of Global Development Policy at the Frederick S. Pardee School of Global Studies at Boston University, was recently interviewed for several articles on China’s emergence as a leader in development finance as well as fears about the country’s global energy financing.
Gallagher was quoted in a May 17, 2016 article in the Financial Times entitled “China Becomes Global Leader in Development Finance.” The article also referenced a study co-authored by Gallagher and Rohini Kamal of the Global Economic Governance Initiative and Wang Yongzhong of the Chinese Academy of Social Sciences.
From the text of the article:
“China is emerging as the global leader in development finance,” said the study, which was authored jointly by Kevin Gallagher, professor at Boston University and co-director at the Global Economic Governance Initiative (GEGI), Rohini Kamal of GEGI and Wang Yongzhong at the Chinese Academy of Social Sciences.
“In terms of scale, Chinese finance is a major foot forward,” said Prof Gallagher. “All the talk in the development world is of the need to move from ‘billions to trillions’ in order to transition to a more low-carbon and equitable world economy.”
Gallagher and the study were also referenced in a May 18, 2016 article in the Financial Times entitled “China’s Global Energy Financing Raises Climate Fears.”
From the text of the article:
But China’s lending is “heavily exposed to country, macroeconomic, climate and social risks” according to the study authored jointly by Kevin Gallagher, professor at Boston University and co-director at the Global Economic Governance Initiative (GEGI), Rohini Kamal of GEGI and Wang Yongzhong at the Chinese Academy of Social Sciences.
“Chinese banks are expanding the amount of energy finance available to foreign governments in part because the Chinese appear to be willing to take on more risk,” wrote Mr Gallagher, Ms Kamal and Mr Wang.
Kevin Gallagher is the co-chair of the Task Force on Regulating Capital Flows and has served as an advisor to the Department of State and the Environmental Protection Agency in the United States, as well as to the United Nations Conference on Trade and Development. Gallagher has been a visiting or adjunct professor at the School for Advanced International Studies at Johns Hopkins University, the Fletcher School of Law and Diplomacy; El Colegio de Mexico in Mexico; Tsinghua University in China, and the Center for State and Society in Argentina.