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Development Futures

Lowy Institutewww.lowyinstitute.org

Welcome to Development Futures – a podcast brought to you by the Indo-Pacific Development Centre at the Lowy Institute. In this podcast, our researchers and some of the world’s leading experts discuss fresh policy insights and ideas on the most pressing development issues in the world today.

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Episodes

Development Futures: Climate change and the great procrastination

The Institute’s Dr Melanie Pill speaks with Professor Thomas Hale, author of Long Problems: Climate change and the challenge of governing across time , about the difficulty of addressing issues, like climate change, that have such distant consequences. They discuss the barriers to addressing and governing long problems, how to build stronger institutions, and how international negotiations and agreements can be better structured to address climate change. See omnystudio.com/listener for privacy ...

Aug 19, 202527 min

Development Futures: The 2025 Southeast Asia Aid Map and global aid cuts

As global donors retreat from development finance, Southeast Asia stands to lose billions of dollars in critical support. In this episode, we launch the Lowy Institute’s 2025 Southeast Asia Aid Map and unpack what the wave of US, UK and European aid cuts mean for the region. Roland Rajah, Director of the Institute’s Indo-Pacific Development Centre, is joined by the Map’s lead authors Alexandre Dayant and Grace Stanhope, and Southeast Asia Program Director Susannah Patton, to discuss the risks, r...

Aug 05, 202524 min

Development Futures: Indonesia’s economic policies under Prabowo — new era or same path?

Indonesian President Prabowo Subianto campaigned on a promise of continuity and better economic performance. Is Prabowo living up to his campaign promises or taking the country in a new direction? The Lowy Institute's Lead Economist, Roland Rajah, speaks with Dr Eve Warburton, Director of the Australian National University's Indonesia Institute, and Indo-Pacific Development Centre Research Fellows Dr Hilman Palaon and Robert Walker to unpack what’s happening and the looming questions over policy...

Jun 10, 202530 min

Lowy Institute Re-Cast — Development Futures: The world’s addiction to GDP

The Lowy Institute Re-Cast series republishes the best podcasts from our archives. In case you missed them the first time around or if you want revisit these engaging conversations, the Re-Cast series has you covered. Can we measure national success beyond economic growth? In August 2024, Professor Robert Costanza spoke with the Lowy Institute’s Alexandre Dayant about why countries need to move away from gross domestic product as the measure of economic prosperity and factor in other complementa...

May 13, 202531 min

Development Futures: Trump’s tariffs and the rest of us

Donald Trump has moved quickly to impose tariffs on literally every country in the world. Trump’s tariffs against Australia are not only affecting matters of trade; they potentially infringe Australian sovereignty. The Lowy Institute’s Lead Economist Roland Rajah sits down with Dr Jenny Gordon, Lowy Institute Nonresident Fellow and Honorary Professor at the Australian National University, to discuss the economics and peculiar logic behind Trump’s tariff plans, what it means for smaller countries...

Mar 20, 202525 min

Development Futures: Aid in Shambles: The dismantling of USAID

The Trump administration is taking an axe to the world’s biggest foreign aid program, dismantling its US Agency for International Development and freezing billions of dollars in foreign assistance. The Lowy Institute’s Lead Economist Roland Rajah is joined by Deputy Director of the Indo-Pacific Development Centre, Alexandre Dayant, and Research Associate, Grace Stanhope, to dive into what’s happening, the rationale, and the implications for American soft power and the rest of the world. See omny...

Feb 12, 202524 min

Development Futures: The big picture of aid and international development

The Trump administration’s recent dismantling of the US Agency for International Development (USAID) and freeze on most US foreign aid has created havoc within the international aid and development sectors. Prior to these major announcements, the Lowy Institute’s Lead Economist Roland Rajah spoke with Masood Ahmed, President Emeritus of the Center for Global Development, in December last year. They discussed the effectiveness and future of aid and the factors reshaping international development ...

Feb 04, 202526 min

Lowy Institute Re-Cast: Development Futures: Dani Rodrik on hyper-globalisation, geopolitics and the future of development

As part of the Lowy Institute Re-Cast series, we are republishing the best podcasts of 2024. In case you missed them the first time around or if you want revisit these engaging conversations, the Re-Cast series has you covered. As we usher in the new year, the global economy is at a turning point. From confronting an economic development crisis and addressing the good-jobs dilemma, to navigating the climate transition and charting a course towards a more sustainable and equitable form of globali...

Jan 06, 202538 min

Lowy Institute Re-Cast: Development Futures: Bert Hofman on China’s economy

As part of the Lowy Institute Re-Cast series, we are republishing the best podcasts of 2024. In case you missed them the first time around or if you want revisit these engaging conversations, the Re-Cast series has you covered. China is facing many economic problems, at home and abroad. The two are connected. Weak demand at home has contributed to a sharp rise in Chinese manufacturing exports, especially in green technologies such as electric vehicles. Surging Chinese exports have in turn prompt...

Dec 30, 202435 min

Development Futures: Can private investment save the planet?

Trillions of dollars are needed to meet the world’s climate and development goals. Joan Larrea, CEO of Convergence, a global blended finance network, speaks with the Lowy Institute’s Roland Rajah about how blended finance, which uses government and philanthropic money to increase private investment, could be the answer. Joan shares her insights on what blended finance can realistically achieve, what’s needed to increase its impact, and how it can help in low income and small island developing co...

Dec 09, 202423 min

Development Futures: 2024 Pacific Aid Map: Key Findings

Each year, the Lowy Institute updates is Pacific Aid Map – the most comprehensive database tracking aid and development flows to the Pacific Islands region ever assembled. In this episode of Development Futures, lead authors Alexandre Dayant and Riley Duke join Dr Jessica Collins to unpack the key insights from this year’s report and explore key questions. How is the international community supporting the Pacific as it recovers from the pandemic? What role is China playing in the region? And how...

Nov 27, 202425 min

Development Futures - What to expect at COP29

In this episode, we explore what might happen at COP29, the upcoming UN climate summit in Baku, Azerbaijan. With global emissions at record highs and climate impacts intensifying, this year’s conference will focus on setting a new climate finance goal to drive global climate action. The Lowy Institute’s Alexandre Dayant is joined by Indo-Pacific Development Centre climate experts Dr Melanie Pill and Georgia Hammersley, who will be hosting side events at the Pacific and Australian pavilions at CO...

Nov 11, 202421 min

Development Futures: The case for an Indo-Pacific Economic Resilience Bank

Eighty years ago, the Bretton Woods agreement shaped the global financial system to build a better world. While its institutions remain vital, they are struggling to meet today’s challenges — climate change, economic insecurity, and a multi-trillion-dollar development financing gap. In this podcast, Lowy Institute researchers Alexandre Dayant, Michelle Lyons and Roland Rajah explore the proposal for an Indo-Pacific Economic Resilience Bank (IERB) — a bank that will aim to diversify critical supp...

Oct 23, 202426 min

Development Futures: A climate loss and damage fund that works

In this episode, we delve into the United Nations Loss and Damage Fund, the most concrete effort to address restitution for those impacted by climate change. As the recently appointed board begins crafting a global fund to financially support climate victims, much remains unresolved, including complex questions about who is eligible for money and how they can access it, how to quantify intangible impacts such as the loss of traditional knowledge, and how the Fund itself can raise enough resource...

Oct 01, 202419 min

Development Futures: The world’s addiction to GDP

Can we measure national success beyond economic growth? Professor Robert Costanza speaks with the Lowy Institute’s Alexandre Dayant about why countries need to move away from gross domestic product as the measure of economic prosperity and factor in other complementary gauges of success. In a time of high inflation, increased cost of living, and growing environmental degradation, Professor Constanza argues that moving “beyond growth” is essential to achieving sustainable prosperity. See omnystud...

Aug 16, 202431 min

Development Futures: Angus Deaton on what economists got wrong

Angus Deaton, the 2015 Nobel Prize-winning economist, has dedicated four decades to studying poverty, inequality, health, wellbeing, and economic development. Recently, he strongly criticised his own profession, arguing that economists have overlooked the power dynamics inherent in capitalism. In this wide-ranging episode of Development Futures, Alexandre Dayant, the Deputy Director of the Lowy Institute’s Indo-Pacific Development Centre, talks with Deaton about the factors behind his shift in t...

Jun 16, 202443 min

Development Futures: Bert Hofman on China’s economy

China is facing many economic problems, at home and abroad. The two are connected. Weak demand at home has contributed to a sharp rise in Chinese manufacturing exports, especially in green technologies such as electric vehicles. Surging Chinese exports have in turn prompted a backlash from the United States, Europe, and others who accuse China of exporting overcapacity and damaging their own green industrial ambitions. In this episode, Roland Rajah, Director of the Indo-Pacific Development Centr...

May 17, 202435 min

Development Futures: Richard Baldwin on how globalisation and robotics will impact developing economies

Today, the dynamic duo of globalisation and robotics, which international economist Richard Baldwin calls “globotics”, is disrupting the service sector and professional jobs faster than ever. Digital technology is empowering “white-collar robots” to take over many service sector and professional jobs, while “telemigration” opens doors for skilled workers in low-wage countries to join high-wage economies remotely. But what's next? What new jobs will “globotics” create, and how will they shape the...

Mar 21, 202434 min

Development Futures: Where to next on climate and development?

Climate change is one of the biggest challenges for sustainable development around the world. Large developing economies, particularly in Asia, are now major sources of global emissions but need external assistance to accelerate their transition to clean energy. Meanwhile, many poor and vulnerable countries have contributed little to the climate crisis but face the worst of its escalating impacts. In this episode of Development Futures , Roland Rajah, Director of the Indo-Pacific Development Cen...

Feb 29, 202449 min

Development Futures: Dani Rodrik on hyper-globalisation, geopolitics and the future of development

As we usher in the new year, the global economy is at a turning point. From confronting an economic development crisis and addressing the good-jobs dilemma, to navigating the climate transition and charting a course towards a more sustainable and equitable form of globalisation, 2024 promises to be an interesting year. In this episode of Development Futures, Alexandre Dayant, the Deputy Director of the Indo-Pacific Development Centre, talks with Harvard professor and economist Dani Rodrik about ...

Feb 08, 202438 min

Development Futures: David Victor on how to make climate policy work

Many of the most economically efficient policies to reduce emissions, such as carbon pricing, have proven difficult to implement. In this episode of Development Futures, the Lowy Institute’s Indo-Pacific Development Centre Research Fellow Michelle Lyons speaks with Professor David Victor from UC San Diego on how to make climate policy work and ways to accelerate decarbonisation of the global economy. Their discussion includes the roles of carbon and offset markets in addressing climate change, o...

Dec 07, 202337 minSeason 1Ep. 6

Development Futures: Daron Acemoglu on the path to inclusive prosperity

Progress depends on many choices, notably the ones we make about technology. The way in which we structure production and communication can either cater to the exclusive interests of a privileged few or lay the groundwork for widespread prosperity. In this episode of Development Futures, Alexandre Dayant, the Deputy Director of the Indo-Pacific Development Centre , talks with economist and author Daron Acemoglu of MIT about the challenge of shared prosperity and the policies that could bring abo...

Nov 10, 202333 minSeason 1Ep. 5

Development Futures: Reforming the Multilateral Development Banks

Multilateral institutions and the global financial system are on a transformative journey aimed at confronting the dual challenge of climate change and sustainable development. This multifaceted agenda involves substantial improvements to the governance structures of multilateral development banks, the redefinition of objectives and targets, and the creation of innovative financial instruments to mobilise both public and private capital for investments in climate and development. However, the jo...

Oct 26, 202347 minSeason 1Ep. 4

Development Futures: Pat Conroy MP on Australia’s new international development policy

After a decade of foreign aid cuts, deprioritisation, and then securitisation, Australia finally has a new international development policy that aims to return development to the heart of Australia’s international statecraft. Leading that charge is Australia’s Minister for International Development and the Pacific, the Hon Pat Conroy. In this episode of Development Futures, Minister Conroy sits down with Roland Rajah , the director of the Indo-Pacific Development Centre at the Lowy Institute, to...

Oct 12, 202343 minSeason 1Ep. 3

Development Futures: Towards a more inclusive sovereign debt architecture

The Group of 20 Common Framework was established in October 2020 as stress in sovereign debt levels of low-income countries began to emerge. However, the Framework is yet to substantially deliver on its objective of providing relief to those countries. Mariza Cooray , Senior Economist at the Lowy Institute’s Indo-Pacific Development Centre, discusses the Common Framework and the broader debates on issues in sovereign debt reform with experts Ugo Panizza and Mitu Gulati . Together, they explore w...

Oct 05, 202342 minSeason 1Ep. 2

Development Futures: Revitalising the Green Climate Fund

The Green Climate Fund – the largest climate fund in the world – is seeking a new cash injection by donors in October 2023. But it's not all smooth sailing. Alexandre Dayant, the Deputy Director of the Indo-Pacific Development Centre, discusses a recent Lowy Institute policy brief with two of the authors, Georgia Hammersley and Roland Rajah. Together, they explore the key challenges hampering the Fund's efficiency, propose several reforms, and spotlight Australia's potential role in helping real...

Sep 29, 202341 minSeason 1Ep. 1
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