Under President Trump, the US rejects responsibility for leading multilateral coalitions. Jakob Vestergaard and Robert H. Wade argue that dealmaker-in-chief may derive considerable satisfaction in breaking deadlocks that have prevailed in World Bank for decades, which would actually strengthen multilateralism.
In this podcast, Stefan Dercon, Professor of Economic Policy at Oxford University and former chief economist at UK Department of International Development, argues that the elites’ policies, rather than the people, are the ones that matter for economic development. He also notes, while democracies and autocracies perform similarly well in economy on average, the real difference is the variance among autocracies.
Drawing on her recent work “China’s new playbook” , Professor Keyu Jin discusses with Brian Wong the present opportunities and challenges of the Chinese economy and the future of Sino-American relations. She also reflects on how she feels regarding commenting on China in an increasingly polarized setting.
Many critics of the World Bank, especially Americans in government and Congress, imply it is an “empire out of (their) control”, but the authors argue that it is closer to “puppet on a string”. The World Bank remains a substantially American bank.
In this podcast episode, Dr Brian Wong and Alan Doss examined the relations between democracy and development, delving into multiple cases including China, Congo and Myanmar, as well as examining the role of UN in democracy and development. Alan Doss emphasized that democracy is not a panacea for development and it cannot be imported but has to be a “local construct.”
Recently, a global de-dollarization campaign seems to be gaining momentum, driven by geopolitical risks and changing economic dynamics. What are the political and economic implications of this new development? Does it suggest the beginning of the collapse of the US dollar hegemony? We brought experts/observers together from around the world to discuss this significant development and its implications.
