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Although funding for governance and economic growth is a part of U.S. foreign aid, it remains a relatively low priority in spite of rhetorical pronouncements to the contrary. There is significant reason, however, to reverse this trend and return to a focus on governance to ensure broad-based economic growth across the developing world. In particular, the rise of emerging economies that can increasingly contribute to their own development means the...
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This report discusses the estimated $1 trillion annual global infrastructure gap and provides recommendations on how U.S. agencies and multilateral development banks can better incentivize private-sector investment in global infrastructure. While many private companies are looking to support infrastructure projects with readily available capital, they have not found a viable project pipeline. The study first provides background on the global infrastructure...
43) Managing Fragility and Promoting Resilience to Advance Peace, Security, and Sustainable Development
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"Fragility", the combination of poor governance, limited institutional capability, low social cohesion, and weak legitimacy-leads to erosion of the social contract and diminished resilience, with significant implications for peace, security, and sustainable development. This study reviews how the international community has responded to this challenge and offers new ideas on how that response can be improved. Based on that examination, the author...
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Investor-State Dispute Settlement (ISDS) is a provision in Bilateral Investment Treaties (BITs) and other international investment agreements that allows investors to enter arbitration with states over treaty breaches. ISDS has become controversial in the United States and our negotiating partners; critics, including some governments, have argued that ISDS is unnecessary, while others insist it is illegitimate as public policy. Treaty-based investment...
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While free trade agreements and other intermediary trade agreements allow emerging nations increased access to markets, many low-and middle-income countries lack the capacity required to meet global standards. Deficiencies in quality of product, speed of transport, or quality of regulation can prevent countries from reaping the benefits of trade agreements, particularly with the United States. This report of the CSIS Congressional Task Force on Trade...
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