Search

Begin New Search Political Geography Global Focus

21. Getting Debt Sustainability Analysis Right: Eight Reforms for the Framework for Low-Income Countries

Author:
C. Randall Henning
Publication Date:
02-2026
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
Assessing the sustainability of developing countries’ debt is an essential task of the International Monetary Fund (IMF) and the World Bank, but it is also a controversial one. The two institutions are currently reviewing the debt sustainability framework for low-income countries (abbreviated as LIC-DSF). This paper provides a primer on the framework’s basic elements, an overview of critiques from a variety of perspectives, and analysis of selected issues, including the endogeneity of analysis of sustainability, analysis of debtors’ institutional strength, analysis of domestic political conditions, role and exercise of staff judgment, and collaboration between the World Bank and the IMF. The paper recommends eight improvements, including streamlining the institutional indicators, better separating economic analysis from political judgment, adopting certain procedures for applying judgment, and selectively introducing climate considerations.
Topic:
Debt, World Bank, Sustainability, IMF, and Global Economy
Political Geography:
Global Focus

22. The migration debate on the streets: Four key things to know from global data on protests

Author:
Kieran Doyle and Ciro Murillo
Publication Date:
02-2026
Content Type:
Special Report
Institution:
Armed Conflict Location & Event Data Project (ACLED)
Abstract:
The Trump administration’s immigration crackdown has sent shockwaves across the United States. Far-reaching detention operations across the country led by Immigration and Customs Enforcement (ICE) agents have sparked thousands of anti-ICE and pro-migrant protests. In early January 2026, the Department of Homeland Security (DHS) massively expanded “Operation Metro Surge” in Minnesota, making it the agency’s largest-ever operation. Within three weeks, federal migration enforcement officers shot and killed two people in incidents that were recorded from multiple angles by bystanders in videos that quickly went viral. These shootings inflamed already heightened tensions between demonstrators and law enforcement agents and triggered hundreds of anti-ICE protests across the country. As the operation continues despite Trump’s promise of “de-escalation,” and amid a fresh ICE operation in Maine, it’s clear that the fight over migration in the US is far from finished.1 The situation in the United States is not unique – these protests represent a fraction of the larger picture of demonstrations over migration worldwide. ACLED records migration-related demonstrations in over 75 countries since the beginning of 2025. From peaceful demonstrations to episodes of violence perpetrated by radical groups, sentiments toward migration manifest differently across regional and political contexts. ACLED’s protest data provide four key insights on surges in pro- and anti-migration mobilization. These findings reflect how migration demonstrations are a global phenomenon – albeit much more concentrated in major destination countries – and point to how migration and migration crackdowns play a role in polarizing societies around the world.
Topic:
Migration, Protests, Political Extremism, and Immigration and Customs Enforcement (ICE)
Political Geography:
Global Focus

23. GR&P Seminar: The Impact of Global Change on Food Trade Vulnerability and Food Security

Author:
Kenneth Strzepek and Gregory Sixt
Publication Date:
01-2026
Content Type:
Video
Institution:
MIT Center for International Studies
Abstract:
International food trade has become essential for global food security, with over 40% of staple foods traded internationally. However, interconnected food networks are vulnerable to climatic, economic, and geopolitical shocks. This event will discuss the new MIT Jameel Index for Food Trade and Vulnerability, a comprehensive index linking food trade exposure to national resilience. Developed to inform evidence-based policymaking, the Jameel Index offers new insights into which countries are most at risk from disruptions in food trade and how global food systems can be strengthened. The seminar will present findings from projections of economic, population, and climate change impacts on food trade vulnerability for 2035 and 2050, and discuss their policy implications for addressing growing food insecurity in a volatile geopolitical and climate landscape. Kenneth Strzepek, PhD, is a Climate, Water, and Food Specialist and a Research Scientist at the MIT Center for Sustainability Science and Strategy. He is also Professor Emeritus of Civil, Environmental, and Architectural Engineering, University of Boulder at Colorado. He has worked for a range of national governments as well as the United Nations, the World Bank, and the USAID. Additionally, he holds research appointments at the International Food Policy Research Institute and at the University of Pretoria, South Africa. Gregory Sixt, PhD, directs the Food and Climate Systems Transformation (FACT) Alliance, an MIT Abdul Latif Jameel Water and Food Systems Lab (J-WAFS)-led global network of leading research institutions and stakeholder organizations working to shorten the link between research and action. He also serves as Research Manager for Food and Climate Systems on various J-WAFS projects. Previously, he worked at the U.S. Department of Agriculture’s National Institute of Food and Agriculture.
Topic:
Food Security, Geopolitics, Trade, Supply Chains, and Vulnerability
Political Geography:
Global Focus

24. The Renewed Promise of Hegemony

Author:
Sean Burges and Fabricio H. Chagas-Bastos
Publication Date:
07-2026
Content Type:
Journal Article
Journal:
Revista Brasileira de Política Internacional (RBPI)
Institution:
Instituto Brasileiro de Relações Internacionais (IBRI)
Abstract:
Contemporary world order exhibits interdependence without a single state able to impose ordering principles unilaterally and without the hegemonic war often presumed to clear the slate. Scholarship conflates dominant power with the order it sponsors, so criticism of the liberal international order (LIO) is read as an attack on primacy. This article theorises hegemony, in Gramscian terms, as a relational ordering structure that fuses coercion, political economy, and ideas, and that endures through absorption and co-option of dissent. Challenges are incorporated through selective concessions and institutional redesign, diluting their transformative content while reiterating core principles. Our argument decouples power transition from order transition, moving debate beyond collapse versus persistence by advancing an analytically tractable account of adaptive endurance that shows how hegemonic orders renew themselves through the managed incorporation of critique into institutional reform.
Topic:
International Relations, Hegemony, Liberal Order, International Order, and Interdependence
Political Geography:
Global Focus

25. Ecological Federalism: Ethical Frameworks for Domestic Climate Migration

Author:
Preston Ferraiuolo and Kate Voltz
Publication Date:
06-2026
Content Type:
Policy Brief
Institution:
Liechtenstein Institute on Self-Determination, Princeton University
Abstract:
Moving from international climate migration to domestic climate migration within the United States, this brief argues that intensifying climate risks will increasingly motivate internal relocation. It develops a framework of ecological federalism that calls for institutionalized resettlement systems, support for communities to migrate together where possible, and protections for original residents in receiving communities.
Topic:
Climate Change, Migration, Resettlement, and Ecological Federalism
Political Geography:
Global Focus

26. Gender and intergenerational mobility: Unequal economic outcomes between siblings

Author:
Martín Leites and Joan Vilá
Publication Date:
02-2026
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
This paper examines the role of sibling sex composition as a potential explanation of the transmission of parental advantages to the next generation. The presence of a brother affects the family environment and parents’ decisions, influencing the siblings’ labour market outcomes in the long term. The results show a negative effect of approximately 2% on the permanent income of women for the presence of a younger brother. This effect does not modify the intergenerational persistence of income. Regarding mechanisms, we find evidence that the effect is amplified when households face tighter budget constraints. Moreover, it is more pronounced in households with traditional gender norms, shaping permanent income, educational choices, and motherhood decisions. These findings underscore the importance of sociocultural mechanisms in accounting for the persistence of inequality.
Topic:
Occupation, Gender Norms, Social Mobility, Gender Wage Gap, Sibling Sex Composition, and Labor Market
Political Geography:
Global Focus

27. Standardizing carbon accounting worldwide with a single, robust, cost-effective system

Author:
Vincent Aussilloux, Yann Coatanlem, and Karthik Ramanna
Publication Date:
02-2026
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
Developed economies aren’t just underinvesting in the climate transition—they are missing the mark by an order of magnitude. Because green financing is often characterized as underperforming, the capital they do deploy rarely reaches the projects or regions where it’s needed most. But decarbonization doesn’t have to be a synonym for “high risk.” The key to unlocking high-impact, high-return investment lies in better risk management. Measuring a project’s carbon footprint with greater accuracy will mitigate the guesswork that keeps capital on the sidelines. The authors advocate for the Climate Club, an intergovernmental decarbonization forum, to select a single, robust, and cost-effective method for computing products’ carbon footprint. The framework would provide the rigor required to significantly scale climate finance and drive energy security.
Topic:
Climate Change, Climate Finance, Carbon Emissions, Decarbonization, Energy, Energy Transition, and Energy Markets
Political Geography:
Global Focus and United States of America

28. Commentary: Democracy, Democratization, Institutions, and Inequality: Nobel-Winning Insights from Daron Acemoglu and His Collaborators

Author:
Ali Resul Usul
Publication Date:
01-2026
Content Type:
Journal Article
Journal:
All Azimuth: A Journal of Foreign Policy and Peace
Institution:
Center for Foreign Policy and Peace Research
Abstract:
This paper explores the seminal contributions of Daron Acemoglu and his collaborators to the understanding of democracy, democratization, institutions, and inequality, as recognized by the 2024 Nobel Memorial Prize in Economic Sciences. It delves into the stability and erosion of democratic institutions, emphasizing the interplay between historical legacies, class structures, and strategic political interactions. The analysis synthesizes insights from rational choice theory, historical institutionalism, and comparative political economy, highlighting the critical role of both formal and informal institutions in shaping political outcomes. Key concepts such as critical junctures, path dependence, and the dynamic balance between state capacity and societal power— termed the “Red Queen effect”—are examined to explain the persistence and transformation of political regimes. The paper also addresses the implications of economic inequality for democratic stability and the continuous process of adaptation required to maintain inclusive institutions. By integrating theoretical perspectives and empirical evidence, this work provides a comprehensive framework for understanding the complex dynamics of democratization and offers policy recommendations for strengthening democratic resilience in the face of contemporary challenges.
Topic:
Democratization, Democracy, Inequality, Institutions, and Path Dependence
Political Geography:
Global Focus

29. Conflicts and Trends to Watch in 2026

Author:
Jessica Anania, Vicka Heidt, Anna Tuohey, and Jessica M. Smith
Publication Date:
02-2026
Content Type:
Special Report
Institution:
Georgetown Institute for Women, Peace and Security (GIWPS)
Abstract:
Entering 2026, the global security landscape is defined by record-high levels of armed conflict, democratic backsliding, geopolitical fragmentation, and an accelerating climate crisis—dynamics unfolding alongside unprecedented cuts to foreign aid and development assistance. These converging pressures are reshaping conflict environments in ways that disproportionately endanger women and girls while eroding the systems meant to protect them, even as women remain central actors in humanitarian response, peacebuilding, and civic resistance. Women, Peace and Security: Conflicts and Trends to Watch in 2026 integrates gender-responsive analysis into conflict forecasting by drawing on insights from the Women, Peace and Security Conflict Tracker and expert consultations. This report identifies three cross-cutting trends expected to shape conflict dynamics in the year ahead: the increasing weaponization of hunger as a tactic of conquest and control, with devastating gendered consequences; political transitions that intensify repression, violence, and women’s exclusion at critical decision-making moments; and worsening climate shocks that compound displacement, insecurity, and economic loss for women and girls. The report also profiles 10 settings—Colombia, Ethiopia, Iran, Israel & Palestine, Mali, Pakistan, South Sudan, Sudan, Ukraine, and Venezuela—where these dynamics are likely to be especially acute in 2026. By centering gendered risks as early warning indicators of instability, this report addresses a critical gap in mainstream conflict analysis and offers policymakers, donors, multilateral institutions, and civil society leaders a more inclusive framework for anticipating crises, protecting civilians, and advancing more durable and inclusive peace and security outcomes.
Topic:
Security, Women, Armed Conflict, Inclusion, Democratic Backsliding, Women, Peace, and and Security (WPS)
Political Geography:
Pakistan, Iran, Sudan, Ukraine, Israel, Colombia, Palestine, Venezuela, Ethiopia, Mali, South Sudan, and Global Focus

30. Advancing Accountability in Development Finance: The Sandra Smithey Fellowship

Author:
Rachel Nadelman and Anushka Bose
Publication Date:
03-2026
Content Type:
Working Paper
Institution:
Accountability Research Center (ARC), American University
Abstract:
The Sandra N. Smithey Fellowship for Equity and Accountability in International Development was created to honor the career of Sandra Smithey, particularly her legacy in amplifying frontline voices that champion transparent and accountable approaches to development finance. Between 2023 and 2025, the Smithey Fellowship, administered by the Accountability Research Center (ARC) at American University, provided support to eight advocates advancing accountability in development finance. The central premise of the Fellowship is that accountability work is most effective when driven by those directly affected by development decisions and supported by flexible, trust-based funding. ARC worked with each of the fellows to define their own strategic goals and approaches within the time or resources available, seeking to ensure that each could meet the most pressing opportunities or challenges they faced. It provided them with significant flexibility to make mid-course changes to respond to political realities on the ground. The philosophy of “putting the fellows first” resulted in eight bespoke fellowships that reflected the breadth of civil society efforts to promote community- and context-based accountability in international development finance. Across these experiences, several key lessons emerge: Flexibility is a foundation for impact and sustainability. When fellows were given space to adapt to rapidly changing contexts, they achieved outcomes that rigid programs might have constrained. Altering conventional fellowship designs can change the balance in north-south knowledge hierarchies. An adaptable fellowship structure enabled some fellows to pursue their projects whilst embedded in their local communities, accessing support where their work was already taking shape. Translating knowledge can enable power shifts. Fellows who converted technical or bureaucratic language into practical tools enabled communities to engage institutions on their own terms. Collaboration is a vehicle for continuity of both projects and relationships. Collaboration among mentors, allies, and civil society organizations extended the reach of individual projects and embedded learning in broader movements. Longer-term influence depended on intentional efforts to maintain networks, communication, and financial stability after formal support ended. Enabling frontline expertise to shape accountability narratives can effectively support existing movements for rights and remedy. The fellows demonstrated that it is those closest to injustice that have the insight and credibility to define what accountability should mean in their own contexts as a basis for transformative change. This Accountability Note describes the work of these fellows and explores how a targeted package of direct funding, reflecting the fellows’ priorities and accompanied by trusted partners, enabled them to respond effectively to new and changing conditions. Ultimately, the Smithey Fellowship demonstrated that modest, well-structured support, grounded in trust, autonomy, and solidarity, can enable progress towards accountability and enable advocates to define and pursue their own paths in building durable movements for justice.
Topic:
Accountability, Sustainability, Fellowships, and Development Finance
Political Geography:
Global Focus

31. The Under-theorisation of Dollar Dominance

Author:
Photis Lysandrou
Publication Date:
01-2026
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
The recent period has seen an upsurge in predictions that the dollar's international dominance will at some point be challenged by a rival currency, notably the euro. This paper counters these predictions. It argues that the overestimation of the euro's ability to challenge dollar dominance is due to the under-theorisation of the foundations of that dominance, the root problem being macroeconomic theories' tradition of taking the household investor to be the representative investor when it should in reality be an institutional asset manager. If financial securities are viewed through the lens of the institutional investor it becomes clear that there can be no exodus from the dollar because it becomes clear that foreign investors remain attracted to the US capital market for reasons as much to do with its mass and consequent gravitational force as to do with a shortage of securities that can be supplied by other capital markets.
Topic:
Political Economy, Investment, Macroeconomics, Currency, Dollar, Euro, and Capital Markets
Political Geography:
Global Focus

32. Contesting and Reassessing the 'Too Much Finance' Hypothesis: A Literature Review

Author:
Tania Rojas
Publication Date:
01-2026
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
This paper reviews recent contributions that reassess and contest the “too much finance” hypothesis. It surveys a predominantly empirical body of work that, in contrast to earlier studies focused mainly on advanced economies, increasingly incorporates developing and less-developed regions. The evidence reviewed suggests that an inverted-U-shaped relationship between financial development and economic growth is more consistently identified in studies of advanced economies. In contrast, analyses of samples of less-developed countries more frequently report positive linear or U-shaped relationships, pointing to conditions of “too little finance.” The review also documents methodological shifts in the literature, including a growing adoption of nonlinear modeling strategies, the use of alternative measures of financial development, and a greater focus on mediating factors in the finance-growth nexus. The paper concludes that a clear consensus remains elusive. The literature faces persistent methodological challenges, sensitivity to model specification and sample composition, and a prevailing emphasis on empirical estimation rather than theoretical discussion.
Topic:
Finance, Economic Growth, Macroeconomics, Literature Review, and Financial Development
Political Geography:
Global Focus

33. Energy Infrastructure and the Defense Industrial Base

Author:
Joseph Majkut, Alexander Palmer, and Raj Sawhney
Publication Date:
03-2026
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies (CSIS)
Abstract:
Can the energy infrastructure serving the U.S. defense industrial base sustain production under mobilization? This paper focuses on three scenarios for mobilization consistent with baseline production, defense buildup, and peer war. Using embodied energy methods, the research team estimates that war production rates would require 17.4 petajoules (PJ) of energy annually, a relatively small amount nationally, but one that would need to be concentrated at facilities in already stressed grid regions. Facilities for the defense-critical production of steel, aluminum, titanium, and semiconductors are clustered in regions already facing eroding reserve margins and surging data center demands. Natural gas deliverability constraints compound these risks, as key facilities depend on gas both as direct fuel and as the primary source of regional electricity generation. This paper recommends extending defense-critical electric infrastructure designations to industrial nodes, creating dedicated permitting and finance pathways to facilitate energy production, and integrating energy resilience into supply chain risk assessments.
Topic:
Climate Change, Energy Policy, Infrastructure, Geopolitics, Sustainability, and Defense Industry
Political Geography:
Global Focus

34. The Agency of Middle Powers in a Fragmented and Polarised World

Author:
Thomas Greminger
Publication Date:
01-2026
Content Type:
Policy Brief
Institution:
The Geneva Centre for Security Policy (GCSP)
Abstract:
The international system is entering a period of intensified fragmentation and geopolitical polarisation. Competition among China, Russia, and the United States is reshaping the global order and redefining spheres of influence. These dynamics create both challenges and opportunities for middle powers, which must navigate contested spaces where alignment with one great power can generate tensions with others. Middle powers face a delicate balance: they seek to preserve their autonomy, influence multilateral institutions and maintain credibility in international networks, and their choices whether to align with a particular great power, hedge their international relationship bets, or engage in principled diplomacy can either stabilise fragmented regions or amplify systemic competition. Yet debates about the future of the international order tend to focus on great powers and institutional reform, leaving the behaviour of middle powers under-explored. This Policy Brief examines how middle powers can exercise strategic autonomy and influence in a fragmented world. It emphasises behaviour, relational positioning, and policy choices rather than material capacity alone by analysing how middle powers balance principles with pragmatism; manage geography and alignment; and engage in bridge-building, coalition-building, and mediation. It then assesses their capacity to stabilise regional and global orders, support multilateralism, and enhance systemic resilience.
Topic:
Geopolitics, Multilateralism, Strategic Competition, Polarization, and Middle Powers
Political Geography:
Russia, China, Asia, Global Focus, and United States of America

35. Guidelines for Decarbonizing Industry in Time to Meet Global Climate Goals

Author:
Chris Bataille, Seton Stiebert, and Francis Li
Publication Date:
04-2026
Content Type:
Special Report
Institution:
Center on Global Energy Policy (CGEP), Columbia University
Abstract:
Near-term guidance for decarbonizing global industry is needed to ensure it happens on pace to meet Paris Agreement climate goals. Such insights would help industry and financial decision-makers as well as inform government policies meant to support the transition toward lower-carbon energy sources. This report combines a review of country diplomatic commitments, policies, and industrial roadmaps with decarbonization scenarios and new global modeling to suggest timelines, carbon prices, regulations, and lead markets for clean products, to replace unabated fossil fuel–powered industrial facilities and equipment with near-zero carbon emissions alternatives. It also estimates the capital and operating expenditures required, and provides policy options to support these efforts.
Topic:
Climate Change, Industry, Paris Agreement, and Decarbonization
Political Geography:
Global Focus

36. Nuclear Energy’s New Momentum: Can World Capacity Triple by 2050?

Author:
Julius Cesar Imperial Trajano
Publication Date:
03-2026
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The second Nuclear Energy Summit highlighted renewed global momentum to expand nuclear power as countries face volatile fossil-fuel supplies amid ongoing Middle East tensions. With governments pledging to triple nuclear capacity by 2050, nuclear energy is once again being positioned as a reliable low-carbon pillar of energy security. However, the speed and credibility of this expansion will ultimately depend not only on financing and technology, but also on regulatory institutions, industrial capacity, and a skilled workforce needed to govern it safely.
Topic:
Carbon Emissions, Nuclear Energy, and Energy Security
Political Geography:
Middle East and Global Focus

37. Food Security in ASEAN’s 2026 Agenda: Perspectives on Human Security and Inclusiveness Amidst Crises

Author:
Jose M. L. Montesclaros, Kayven Tan, and Mely Caballero-Anthony
Publication Date:
04-2026
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
Farmers form the backbone of ASEAN agriculture but are increasingly vulnerable amidst crises and longer-term structural challenges, including ageing, urbanisation, and natural disasters. A human security approach that prioritises these vulnerabilities is integral to resilience.
Topic:
Agriculture, Natural Disasters, Urbanization, Food Security, Human Security, ASEAN, and Inclusion
Political Geography:
Asia and Global Focus

38. The UN Climate Regime and the US Withdrawal

Author:
Margareth Sembiring
Publication Date:
04-2026
Content Type:
Commentary and Analysis
Institution:
Centre for Non-Traditional Security Studies, S. Rajaratnam School of International Studies
Abstract:
The Trump administration announced the US withdrawal from the international climate regime earlier this year. One possible explanation lies in the growing influence of the IPCC’s scientific authority in domestic spheres, which may have altered the perceived costs and benefits of continued participation. Despite the US absence, the UNFCCC remains an important platform for international climate cooperation.
Topic:
Climate Change, International Cooperation, United Nations, and Donald Trump
Political Geography:
Global Focus and United States of America

39. Global development policy and the New World Disorder: the Trump Administration's delivery of a high-voltage shockwave to multilateral norms, institutional commitments and long-standing principles

Author:
Stephan Klingebiel and Andy Sumner
Publication Date:
01-2026
Content Type:
Policy Brief
Institution:
German Institute of Development and Sustainability (IDOS)
Abstract:
Global development policy is a particularly revealing field in which the Trump administration combines crude transactionalism with a high level of ideological commitment, namely an authoritarian libertarianism oriented toward elite interests. This is coupled with, at times, a chaotic absence of tactical or strategic coherence. With Trump's return to the White House in January 2025, a significant phase in international affairs, including global development policy, began. This policy brief traces the evolution of the US approach to development cooperation and exposes how Trump's approach represents an overtly aggressive assault, delivering a high voltage shockwave to global sustainable development policy, undermining multilateral norms, institutional commitments and long-standing principles of international solidarity. The United States (US) has played a decisive role in the conception and evolution of global development policy since the mid-20th century. From the establishment of the post-Second World War order onward, the US shaped the normative, political and organizational foundations of development cooperation, often setting agendas, defining standards, and providing leadership and personnel for key multilateral institutions. Early reconstruction efforts such as the Marshall Plan and the establishment of the World Bank embedded development within a broader framework of power politics, positioning aid as both a tool of reconstruction and geopolitical influence. Since January 2025, US development cooperation has undergone a dramatic rupture. The administration rapidly withdrew from multilateral institutions, cut budgets, and de facto dissolved USAID, transferring residual functions to the State Department. This shift was accompanied by conspiracy narratives and an explicit rejection of multilateral norms, marking a sharp departure from previous Republican and Democratic approaches alike. The brief conceptualises this shift as the emergence of a “New Washington Dissensus”: a model of transactional, nationalist development cooperation that treats aid as an instrument of power rather than a global public good. Under this paradigm, development engagement is ideologically conditional, hostile to climate and equity agendas, oriented toward migration control, and explicitly transactional. The Trump administration's National Security Strategy (December 2025) is consistent with this in the sense that it frames an “America First” approach that narrows US priorities to “core, vital national interests” and places strong emphasis on Western Hemisphere pre-eminence via a stated “Trump Corollary” to the Monroe Doctrine. For global development, foreign assistance and development finance are thus instruments of strategic competition and commercial diplomacy. US agencies are mobilized to back US commercial positioning. The consequences are dramatic and systemic. The US retreat has destabilized the global development architecture and intensified geopolitical fragmentation. For many countries in the Global South, this represents a watershed moment, creating both new room for maneuver and new dependencies as states pursue multi-alignment strategies amid intensifying great-power rivalry. At the same time, humanitarian impacts are severe. Overall, the brief concludes that development policy has entered a new phase, which is narrower, more instrumental and overtly geopolitical,and is reshaping not only US engagement but the future of global development policy itself.
Topic:
Development, Multilateralism, Institutions, Norms, and Donald Trump
Political Geography:
Global Focus and United States of America

40. Making global benefits pay: the World Bank reform to support global public goods

Author:
Jakob Schwab
Publication Date:
01-2026
Content Type:
Policy Brief
Institution:
German Institute of Development and Sustainability (IDOS)
Abstract:
Global public goods (GPGs) are goods that are produced locally but have global effects. GPGs are essential for securing global development. The climate and biodiversity crises, pandemics, as well as fragility, conflict and violence are threatening livelihoods and well-being around the world, and addressing them would have enormous positive economic and social effects. However, the cross-border externalities involved are not being fully taken into account by countries, and hence these GPGs are still underprovided compared with what would be globally optimal. One year ago, the World Bank launched the Framework for Financial Incentives (FFI) to strengthen the support of GPGs in its operations. This novel instrument encourages countries to implement investment projects and policies that have positive spillovers to other countries by offering targeted financial incentives. As a core element of the World Bank's Evolution reform, the FFI reflects the recognition that relatively modest investments in client countries can generate substantial global benefits – for other developing and emerging economies as well as for the Bank's shareholder countries. Its challenges lie in incorporating the non-financial aspects of GPGs and the multi-faceted motivations to provide them in bankable operations. This policy brief discusses the relevance of GPGs for development and presents the World Bank's approach to supporting their provision in client countries through the FFI. The key takeaways are: • GPGs are not all those that are commonly shared or agreed upon as goals but are defined by the specific problem structure that the involved cross-border externalities entail. • Investment in GPGs can generate substantial benefits – not only for developing and emerging economies, but also for high-income countries that make up the World Bank's largest shareholders. Consequently, both out of enlightened self-interest and as a cost-effective way to advance global sustainable development at a time when international development budgets are undergoing significant reductions, shareholder countries should increase their contributions to the FFI. This applies in particular to those provided to the Livable Planet Fund, which provides the essential grant financing for countries' GPG-related projects. • To retain and strengthen confidence among stakeholders, the FFI must deploy its resources efficiently. This implies offering grants only when projects' overall domestic benefits are insufficient to motivate countries to provide GPGs on their own, and extending loans instead when client countries have sufficient self-interest to ensure repayment. The assessment of costs and benefits is complex, but it should improve with experience and become increasingly standardized. To signal its effectiveness, the FFI should pursue full transparency in its allocation decisions and undertake systematic impact assessments.
Topic:
Development, World Bank, Reform, and Public Goods
Political Geography:
Global Focus