Kevin Gallagher

Are Economists Architects or Auditors? Ricardo Hausmann laments how the field’s appetite for imaginative problem-solving has given way to narrow, testable hypotheses.

Economists need to be more than program evaluators given that the program has no foundation: www.project-syndicate.org/commentary/w...

The world we’ve built is interconnected—and vulnerable.
What comes next?
👉 youtu.be/JosVGyBA3gQ 👀
@kevinpgallagher.bsky.social lays out 5 principles for a resilient future.

The Case for a New Bretton Woods How do we prepare for a world of constant shocks—climate disasters, financial crises, pandemics, conflict, and inequality?

Was great to sit with the folks at INET and discuss the need for urgent reform of the global financial architecture www.ineteconomics.org/perspectives...

Honored to be on the Pope’s commission for debt relief in this Jubilee year. Amidst this Kindleberger trap the Pope may be our only hope!

Getting Debt Sustainability Right in Developing Countries | by Kevin P. Gallagher, José Antonio Ocampo and Kunal Sen - Project Syndicate Kevin P. Gallagher, José Antonio Ocampo and Kunal Sen explain why the current global financial architecture fails to meet low- and middle-income countries' needs.

Only by embracing a new approach to developing-country debt will we unblock the investment flows that these countries so desperately need to kickstart growth, write @kevinpgallagher.bsky.social, et al.

Getting Debt Sustainability Right in Developing Countries | by Kevin P. Gallagher, José Antonio Ocampo and Kunal Sen - Project Syndicate Kevin P. Gallagher, José Antonio Ocampo and Kunal Sen explain why the current global financial architecture fails to meet low- and middle-income countries' needs.

The international financial architecture needs to enable countries to mobilize financing for development without perpetually teetering on debt distress: key moves for F4D in Seville. www.project-syndicate.org/commentary/d...

Restoring Multilaterism | Richard Kozul-Wright & Kevin Gallagher A reformed global agenda built on public foundations

Making Multilateralism Great Again! New piece with Richard Kozul-Wright www.phenomenalworld.org/analysis/res...

Developing countries locked out of low-carbon technology trade More than 90% of all low-carbon technology trade is between high-income countries and China

Global South locked out of low carbon trade—our new database in @science.org @bentleyallan.bsky.social @drodrik.bsky.social @isabelestevez.bsky.social @glenpeters.bsky.social @jennifer-clapp.bsky.social @leeharris.ft.com @katemac.bsky.social @adilnajam.bsky.social www.science.org/doi/10.1126/...

A new journal article by Solomon Owusu, @keyitang.bsky.social + Gideon Ndubuisi examines the impact of 🇨🇳Chinese foreign direct investment on low-carbon industrialization in Africa, within the context of China’s growing economic ties with the continent.

Read more: www.bu.edu/gdp/2024/07/...

In a new @unu-wider.bsky.social working paper, @kevinpgallagher.bsky.social lays out a framework for reforming the int'l financial architecture in order to achieve sustainable prosperity.

Read more: www.bu.edu/gdp/2025/03/...

Check out new web page for African Power Consortium that the @gdp-center.bsky.social is a partner in: www.africapowerconsortium.org

The International Financial Architecture and Sustainable Prosperity. My new paper for @UNUWIDER www.wider.unu.edu/sites/defaul...

Come lead our comms team: www.bu.edu/gdp/about-us...

Happening now @bostonu.bsky.social, @kevinpgallagher.bsky.social offers opening remarks at an expert panel on green industrial policy in the Global South, co-sponsored with the BU Pardee School and ft'ing speakers from 🇿🇦South Africa, 🇧🇷Brazil + 🇮🇩Indonesia.

Daniel Titelman, head of Economic Development division @eclac.bsky.social and @bualumni.bsky.social sharing roots of Latin America’s structural growth problems

Come join our team: hiring foe press/strategic communications www.bu.edu/gdp/about-us...

Awesome new paper from Chiara Mariotti @rishirbhandary.bsky.social @kevinpgallagher.bsky.social Richard Kozul-Wright.

The blended finance agenda has focused on derisking int'l private capital, but multilateral development banks could work far more with another partner: *national* development banks

On Wed., Mar. 5, join us + @bupardeeschool.bsky.social for an expert panel on green industrial policy in the Global South ft'ing Marcos Chiliatto, Rob Davies, Elizabeth Thurbon, Julia Tijaja + Fiona Treganna, moderated by @kevinpgallagher.bsky.social:

DR Congo stops cobalt exports in attempt to halt sliding prices World’s top producer of metal used in electric vehicle batteries moves to counteract ‘overabundance of supply’

Cobalt and other transition mineral countries should form a cartel to manage prices and jointly invest in the green structural transformation of their countries. Can’t do it alone. on.ft.com/3XlahKH DR Congo stops cobalt exports in attempt to halt sliding prices

Statements — African Leaders Debt Relief Initiative

African leaders calling for deep and comprehensive debt relief debt-leaders.org/about/statem...

The World Bank Pivoted to Climate. That Now May Be a Problem. The Trump administration’s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.

Will the World Bank withstand Hegemonic Instability? Quoting our work www.nytimes.com/2025/02/25/c...

In a new report, Chiara Mariotti, @rishirbhandary.bsky.social, @kevinpgallagher.bsky.social + Richard Kozul-Wright outline 6️⃣ policy recommendations for multilateral + national development bank cooperation to advance development + climate change priorities.

Read more: www.bu.edu/gdp/2025/02/...

Ahead of the Finance in Common Summit, our nee report on how MDBs can ‘blend from the ground up’ through public-public partnerships @danielagabor.bsky.social @annpettifor.bsky.social

Escape from DC and come lead iur comms team on global development reseaech www.bu.edu/gdp/about-us...

Development economics in the mainstream abandoned structural theories of growth a long time ago. Now they are relevant more than ever. The push for green industrial policy in the global south is evidence of this resurgence. The classic piece is here: www.jstor.org/stable/2118443

Second, investing in policy and technological innovation can reduce carbon emissions per unit of output itself. Thus a new form of structuralism is needed driven by shifting the sectoral composition of output and technological innovation.

First, if there is structural change to shift the ‘composition’ of output from carbon intensive to cleaner industries you can have growth and reduce emissions.

Grossman and Krueger in a classic QJE article in 1995 show that indeed if carbon emissions per unit of output are constant and growth increases then so do emissions. But this can be counteracted in two ways.

A New Trilemma Haunts the World Economy | by Dani Rodrik - Project Syndicate Dani Rodrik weighs the trade-offs between combating climate change, global poverty, and rich countries’ middle-class decline.

My favorite development/international economist has long been @drodrik.bsky.social but i don’t think you have this one right. If done right there is not a trade off between combating climate change and economic growth www.project-syndicate.org/commentary/n...

It’s time to speak up about debt in Africa Through no fault of their own, Africa is facing a debt crisis

Time to speak up about Africa’s debt crisis, new piece with @marinazucker.bsky.social blogs.lse.ac.uk/africaatlse/...