Sung joins the USGLC from Feed the Future Knowledge Driven Agricultural Development program, where he managed the publication process for the Feed the Future’s annual Progress Report. He was previously Assistant Director for Global Agricultural Development Initiative at the Chicago Council on Global Affairs, where he led the Initiative’s outreach and research efforts on global development and food security issues. He holds an undergraduate degree from George Washington University as well as two graduate degrees from the Maxwell School of Citizenship and Public Affairs at Syracuse University in public administration and international relations.
Africa – with its growing middle class and expanding infrastructure – is home to six out of the twelve fastest growing economies in the world, and represents an enormous economic opportunity to elevate America’s trade and investment relationships. But as America faces competition from countries like China with its state-sponsored investment activities in Africa, how can the U.S. effectively capitalize on the immense economic opportunity and not risk falling behind? The answer lies with America’s development and diplomacy programs, helping to level the playing field and create an enabling environment for American businesses to compete in developing countries.
Since 2010, Feed the Future has helped an estimated 23.4 million people escape poverty and has prevented 3.4 million children from suffering from the devastating and irreversible effects of stunting. Furthermore, the program helped unlock $3.3 billion in agricultural rural loans, enabling farmers to generate $10.5 billion in new agricultural sales from 2011 through 2017. This economic growth has also created new markets for American businesses.
As the World Bank’s Spring Meetings get underway, members of the Bank will consider a request to provide a capital increase for the International Bank for Reconstruction and Development (IBRD) to support financing for economic growth in middle-income and creditworthy low-income countries.
There is good news in Congress this week – Republicans and Democrats have come together, once again, to strengthen the impact of American food aid around the world with the introduction of a new bill by Senators Bob Corker (R-TN) and Chris Coons (D-DE) and Representatives Ed Royce (R-CA) and Earl Blumenauer (D-OR).
After years of military battles and airstrikes, ISIS was finally defeated in Raqqa, but it left the city – once home to more than 200,000 people – in ruins. To prevent the threat of ISIS from returning, Raqqa must rebuild, starting with basic services and new homes for residents. “That’s where we come in,” USAID Administrator Mark Green said.
American economic investment and humanitarian aid produced considerable dividends by helping to build the foundation for the economic transformation of South Korea, which has since become America’s sixth largest trading partner. U.S. exports to South Korea have tripled since 1990 to $43 billion in 2015, more in one year than all development assistance the U.S. provided to Korea since the war.
America’s investment in development and diplomacy programs play a critical role in strengthening rule of law, and supporting reforms that create an enabling environment for private sector investment. For example, USAID’s investment of $30 million to help Vietnam improve its business regulatory environment helped increase U.S. goods exports from $460 million in 2001 to over $10 billion in 2016, more than 2000 percent increase. Simply put, America’s development and diplomacy programs – funded by the International Affairs Budget – are critical to America’s economic future.
America’s leadership in institutions like World Bank and IMF is critical to influencing the agenda on global economic growth and development— which, in turn, shapes opportunities for American businesses to invest around the world. At next week’s World Bank/IMF Spring Meeting, businesses and NGOs will join finance ministers and development leaders from around the world to address today’s global challenges and opportunities. What will America’s voice be, given recent proposed budget cuts?
Empowering women and girls has been shown to be one of the most effective ways to deliver development results. Studies show that if women had the same access to economic resources as men, agricultural productivity could increase by 20 to 30 percent and help lift 100 million additional people out of poverty. Moreover, child mortality can be cut by nearly 10 percent by providing one additional year of education for women of childbearing age.