During the 2018-2019 U.S.-China trade war, while many researchers focused on the impact of the trade war on U.S. companies, and to a lesser…
Growing up an only child in China at the end of the 20th century, Associate Professor of Public Policy at Harvard Kennedy School and CID…
Once upon a time in the world of development finance, it was assumed that simply investing in developing economies was enough—that the flow…
Shipping has long been the invisible hand of world trade, propelling globalization and the growth of emerging economies. Ships move 90…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
This paper shows that China has launched a new global system for cross-border rescue lending to countries in debt distress. It builds the…
Concerns about fraud in welfare programs are common arguments worldwide against such programs. We conducted a survey experiment with over…
The existence of collective reputation implies an important externality. Among firms trading internationally, quality shocks about one…
China's lending boom to developing countries is morphing into defaults and debt distress. Given the secrecy surrounding China's loans, the…
The Chinese government has repeatedly embraced a goal of developing and deploying electric vehicles (EVs) as it attempts to transition its…