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Begin New Search Topic Finance Content Type Working Paper Publishing Institution Center for Strategic and International Studies Publication Year within 5 Years

1. The Role of Development Finance Institutions in Enabling the Technology Revolution

Author:
Daniel F. Runde, Romina Bandura, and Sundar R. Ramanujam
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The current technological revolution, more commonly referred to as “Industry 4.0” or “The Fourth Industrial Revolution – (4IR),” is rapidly disrupting and transforming economic institutions, social norms, and political systems.1 Globally, the interaction of different technologies such as automation, robotics, artificial intelligence, and others (Figure 1) can have a profound disruption in terms of the “velocity, scope, and systems impact.”2 The developing world has a unique opportunity to harness the potential of these transformations and increase global prosperity, efficiency, and quality of life.
Topic:
Development, Science and Technology, Finance, and Revolution
Political Geography:
Global Focus

2. Achieving Sustainability through Quality Infrastructure

Author:
Daniel F. Runde, Erol Yayboke, and Sundar R. Ramanujam
Publication Date:
06-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
As the world continues to become interconnected, societies’ expectations for greater access to capital and human resources also continues to grow. Governments, multilateral organizations, the private sector, and the broader academic community are increasingly recognizing the need for high- quality infrastructure in middle- and low-income countries to foster trade and human interconnectivity. The idea that quality infrastructure is indispensable to technology and innovation-driven development is now almost universally leave poor people further behind. While estimates suggest that closing the infrastructure gap will require a worldwide annual infrastructure investment of $4 trillion until 2040, accepted. Additionally, there is a consensus between those in the donor community and in the developing world that accepts the evidence provided by a growing number of studies that infrastructure of subpar quality is a barrier to economic growth.
Topic:
Development, Infrastructure, Finance, and Sustainability
Political Geography:
Global Focus

3. Strategic Directions for the United States International Development Finance Corporation (DFC)

Author:
Daniel F. Runde
Publication Date:
09-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The United States International Development Finance Corporation (DFC) will merge the staff, assets, and liabilities of the Overseas Private Investment Corporation (OPIC) and the U.S. Agency for International Development’s (USAID) Development Credit Authority (DCA). It will seek to catalyze vitally needed private sector investments in low- and lower-middle-income countries through new development finance tools such as local currency loans, first-loss guarantees, and equity investments. However, the DFC is not designed to be simply another development finance institution—in addition to a greater proposed focus on development impact, it is an agency also embedded in the U.S. foreign policy and national security architecture. This report offers concrete and independent ideas on how the DFC can better support U.S. national security interests while also examining the new agency’s limitations. Within this context, the three key U.S. national security challenges that CSIS highlights include a) China’s rising influence in the developing world, b) actions the United States and others can do to further mitigate violent extremism, and c) addressing the root causes of migration.
Topic:
Security, Development, and Finance
Political Geography:
North America and United States of America

4. America’s Global Infrastructure Opportunity: Three Recommendations to the New U.S. Development Finance Corporation

Author:
Agnes Dasewicz, Todd Moss, Daniel F. Runde, and Kate Steel
Publication Date:
04-2019
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
The launch of the U.S. Development Finance Corporation (USDFC) in October 2019 is an extraordinary opportunity to accelerate capital flows into emerging and frontier markets in support of U.S. national security, development, and commercial objectives. The new agency is inheriting a fundamentally solid foundation to build upon from the Overseas Private Investment Corporation (OPIC). However, it would represent a tremendous missed opportunity if the USDFC merely replicated OPIC’s activities at a higher volume. This is especially the case for infrastructure finance, the sector where USDFC has the greatest potential to have impact.
Topic:
Development, Infrastructure, and Finance
Political Geography:
North America and United States of America