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