Industrialisation Policy, Developmental Banks and
Climate Change
Sofiya Mahdi
Development and the BRICS
• Justin Lin and Ha-Joon Chang• What is the state’s role
in development?• Comparative and
competitive advantage.• Neoclassical economics
• The BRICS and the Washington Consensus
• Cornel Ban and Mark Blyth• Background on the
Washington Consensus• Gerald Epstein• Growth due to central
development banks
Development Banks
• Gunther Handl– Legal mandate of
development banks to promote sustainable development
– The leapfrog problem• Where do the IMF and
World Bank sit?– Carbon markets– BRICS and sustainable
development initiatives
The Climate Change Piece of the Puzzle
• Corporate responsibility• Sustainable Governance Indicators• New economic diplomacy• Multilateral development banks (MDBs)• Concerns: do the two pieces flow?
Institutional Framework