Can the DFC Compete with China’s Belt and Road Initiative?
Lafayette Square Institute’s Executive Director, Jack Moriarty, and Jim Sorenson of Sorenson Impact recently coauthored an op-ed in The National Interest exploring how employee ownership can be utilized by the U.S. International Development Finance Corporation (DFC) to support development outcomes in emerging markets while advancing the strategic foreign policy interests of the United States.
Incorporating employee ownership into the DFC’s statutory mandate could strengthen market institutions, level the playing field for US private investors competing with China’s Belt & Road Initiative, and empower workers in small and medium-sized businesses to directly participate in wealth creation.