Tag: China

 

On the Docket for Development in 2018: CGD Experts Weigh in

Blog Post

Here at CGD, we’re always working on new ideas to stay on top of the rapidly changing global development landscape. Whether it’s examining new technologies with the potential to alleviate poverty, presenting innovative ways to finance global health, assessing changing leadership at international institutions, or working to maximize results in resource-constrained environments, CGD’s experts are at the forefront of practical policy solutions to reduce global poverty and inequality. Get an in-depth look below at their thoughts on the 2018 global development landscape.

Publications

The purpose of this note is to provide a realistic analysis of where MDBs have made progress in improving performance and governance, the risks and challenges they and their shareholders confront today, possible areas of US-China collaboration, and a specific recommendation for a joint effort.

Getting to Yes on a World Bank Recapitalization

Blog Post

World Bank President Jim Kim is hoping the bank’s 189 shareholders will agree to increase the current capital of the bank’s “hard” window sometime in 2018. But the US wants to link any support for a recapitalization to World Bank “graduating” China—and perhaps other member countries with good access to private capital markets who don’t seem to “need” the World Bank. There are sensible arguments on both sides of this divide.

China May Be Paving the Way for America’s Exit

Blog Post

One form of soft power is concrete enough. That is, it’s literally concrete. And by a measure of bricks and mortar, it’s clear that the United States is rapidly losing the soft power game to China. In fact, the contrast between the two countries on display this week in Washington is startling.

Publications

The Asian Infrastructure Investment Bank (AIIB) has enjoyed considerable success in its young life. The challenge going forward is to translate this resounding political success into operational effectiveness and sound strategy. Given the political dimensions of this new institution, it is also worth considering what it will mean for other MDBs like the World Bank and the ADB. There are large questions of political leadership in the multilateral “system” but also an array of issues on which the AIIB could help shape a new system-wide approach, whether defined by some division of labor among the MDBs or by introducing institutional innovations.

Time to Apply a New Sanctions Tool on Venezuela?

Blog Post

The controversy surrounding the recent purchase of Venezuelan government bonds by Goldman Sachs is a great reminder of the role that “preemptive contract sanctions” could play in the struggle against odious regimes like that of Nicolas Maduro. In 2010, CGD released a working group report explaining in detail how this new sanctions tool could work. The Maduro regime in Venezuela could be the perfect candidate.

If the Trump Administration Abandons Climate, Will China Take Global Leadership?

Blog Post

President Elect Donald Trump committed his first major personnel act on climate Wednesday, picking Scott Pruitt—Oklahoma Attorney General, climate change denier, and oil industry ally—to head the Environmental Protection Agency. If Pruitt is confirmed to the position, he will be responsible for looking out for not just for narrow oil interests, but all Americans. Maybe he’ll be persuaded to take a more forward-looking stance on climate by the Americans already suffering from sea level rise in AlaskaFlorida, and Louisiana. But if that doesn’t concern him, perhaps the United States losing international goodwill and influence to an ascendant China will.

Publications

In the face of growing U.S. indifference to multilateral development institutions, China is stepping up. The circumstances around the creation of the Asian Infrastructure Investment Bank (AIIB) have usefully brought to light a longer trend that will ultimately lead to a diminution of U.S. leadership in the multilateral development system.

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