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UID:20250925T223146EDT-8193nwduJj@132.216.98.100
DTSTAMP:20250926T023146Z
DESCRIPTION:A guest lecture by Professor Ilias Alami of Cambridge Universit
 y.\n\nCo-sponsored by CIPSS.\n\nAbstract:  As competition intensifies for 
 electric vehicles\, transition minerals\, and clean energy\, many developi
 ng economies are designing state-led projects to foster green industrializ
 ation. Financing these strategic green industrial ambitions is a challenge
 . In addition to limited fiscal powers\, developing economies face a serie
 s of financing and policy space constraints related to their subordinate p
 osition in the global financial and monetary system. 'International financ
 ial subordination' not only makes sovereign borrowing unreliable\, it also
  drastically increases the cost of capital for renewables energy infrastru
 cture and green industrialization projects\, therefore impeding projects o
 f green transformation. In the face of these financing and policy space co
 nstraints\, developing countries are experimenting with 3 types of strateg
 ies to finance green industrial ambitions: (1) Strategies of 'new state ca
 pitalism\,' which involve expanding the prerogatives of state-owned financ
 ial institutions to directly invest in green industrialization projects wi
 th the private sector\; (2) doubling down on the 'Wall Street Consensus' (
 PPPs\, blended finance\, and other 'derisking' tools)\; (3) 'polyalignment
  strategies' aiming at leveraging competition between rival geopolitical h
 egemons in the realm of infrastructure finance\, green tech\, and green en
 ergy. This paper analyses how developing countries combine and experiment 
 with these three financing strategies\, resulting in novel configurations 
 of market-based and state-led approaches to financing green industrialisat
 ion. Focusing on Morocco\, the paper asks what is the outcome of these str
 ategies and the extent to which they renegotiate the position of developin
 g countries within global monetary and financial hierarchies.\n
DTSTART:20250926T163000Z
DTEND:20250926T180000Z
LOCATION:Leacock 429\, Leacock Building\, CA\, QC\, Montreal\, H3A 2T7\, 85
 5 rue Sherbrooke Ouest
SUMMARY:Between International Financial Subordination and Turbulent Geopoli
 tics:  Financing Green Industrialization in the Global South
URL:/arts/channels/event/between-international-financi
 al-subordination-and-turbulent-geopolitics-financing-green-367430
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