2018 saw the creation of two new high-profile development finance agencies. In China there was the creation of the China International Development Cooperation Agency, and in America the International Finance Development Corporation. 

On this episode, I speak with UPenn Ph.D. student Scott Wingo about his latest article “Too Much Risk or Not Enough? New Development Finance Agencies in China and the United States” that was featured in the Center for Advanced China Research’s blog. 

In our discussion, we talk about the domestic political economies that spawned these agencies and their ability or inability to carry out their assigned goals. 

Recommendations:

Scott: Reports of Belt and Road’s Death Are Greatly Exaggerated, by Nadège Rolland. 

Erik: The dual role of cadres and entrepreneurs in China: The Evolution of Managerial leadership in State-Monopolized Industries by Chih-shian Liou, Chung-ming Tsai 

Also, visit St. Petersburg, Florida. It’s an amazing progressive, artistic city that’s between two bodies of water on a Peninsula. Cheap flights on Allegiant Air or Spirit airlines make for a perfect weekend getaway during this dreary winter 

Thanks for listening!

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