Articles by Norman A. Bailey
Avoiding the Great Divergence: How Community Investment Trusts Could Help Developing Countries Recover from COVID-19 and Achieve the SDGs
As the global economy gradually recovers from COVID-19, some fear the world is heading towards a “Great Divergence,” in which the recovery gathers momentum in richer countries while leaving developing countries behind. To avoid this outcome, emerging economies will need a surge of investment. To that end, Norman A. Bailey at The City University of New York and Alfred Watkins at the Global Solutions Summit explore why Community Investment Trusts provide an innovative model to finance pandemic recovery while building a foundation for sustainable growth.