The 1971 Bretton Woods (BW) system collapse opened the way for financial globalization and transnational financialization. Before the 1980s, most economies had similar shares of trade and financial openness, but cross-border financial transactions have been increasingly unrelated to trade since then.
As the nations of the world prepare to gather virtually to assess progress towards the Sustainable Development Goals (SDGs), society is just beginning to imagine what a post-COVID world might be like.
Katharina Pistor’s recent book, The Code of Capital: How the law creates wealth and inequality
shows how law has been crucial to the creation of capital, and how capital continues to survive, evolve and enhance its ability to ‘make money’, or secure wealth legally, i.e., through the law.
Racism is not only an American problem but a plague that people of African descent have had to endure since time immemorial.
Rather than seizing this historic moment to act decisively, the United Nations, the world’s highest platform for human rights, dithered on the issue when it was called on to establish a full commission of inquiry on race following the outrageous killing of George Floyd on May 25 2020.
I welcome this opportunity to speak to this urgent and necessary debate of the Human Rights Council.
I bring you warm greetings from Secretary-General António Guterres, who shares your abhorrence of racism and is committed to fighting it with every tool we have.
The Covid-19 pandemic has significantly impacted most economies in the world. Its full impacts will not be felt, let alone measured, until it runs its course. Many countries are still struggling to contain contagion, while the costs on both lives and livelihoods will undoubtedly have long-term repercussions.
Six months after the outbreak, the new global scenario resulting from the impact of COVID-19 is gradually becoming much more defined. From the very beginning, we sensed that little good could result from a situation so surprising and unexpected. Now it is becoming increasingly clear that we are entering times of extreme volatility in the international sphere. Times of uncertainty and incandescence as we have not seen for years.
The COVID-19 pandemic has highlighted the inherent fragility of food systems, Marta Antonelli told an international video conference organised by the Barilla Center for Food Nutrition (BCFN).
The murder of George Floyd by a police officer in broad daylight came amid a high point in the continuing rampage of the coronavirus throughout the country, killing over 100,000 and infecting nearly 2 million while more than 45 million have lost their jobs.
The deadly coronavirus pandemic, which has claimed the lives of over 372,000 people worldwide, has reinforced the concept of “social distancing” which bars any gathering of over 10 or 20 people – whether at a social event, a wedding, a political rally or even a funeral.
When the COVID-19 virus travelled from Wuhan, China halfway across the world through Europe, the Americas and beyond in the space of a few weeks, it gave us proof, if one was ever needed, of how tightly interconnected we all are. Not only are our globalized economies interdepended, but also we ourselves are one with the environment around us, and with one another. We are one humankind sharing one planet. And yet, all too often we seem to forget it, as we carelessly revert to misguiding differences between “us” and “them.” Take, for example, the distinction between rich and poor countries, or as economists put it, between advanced economies and least developed countries. In the face of COVID-19, the only difference that matters is if we are sick or healthy. Other than that, we are all the same, regardless of economic status or geographic location.
Economic growth is supposed to be the tide that lifts all boats. According to the conventional wisdom until recently, growth in China, India and East Asian countries took off thanks to opening up to international trade and investment.
The Coronovirus pandemic has been an unforgiving test of advanced economies. Health systems in the United States, France, Italy, Spain, and the UK have been put under immense pressure, with shortages of doctors, ventilators, personal protective equipment and the capacity to test for the virus. Their economies have been battered and the consequences are spoken of in terms of the Great Depression.
Covid-19 is the most significant event since the Second World War. It changes everything.
It brings great sadness to many of us as we lose loved ones, as we see people losing their jobs, and as we see people around the world suffering immensely.
The oil slump, global recession and uncertainty about the magnitude of the COVID-19 pandemic will fuel the appetite for cheaper fossil fuel energy and delay investments in renewables, affecting the targets of the Paris Agreement on climate change and the Sustainable Development Goals (SDGs).
As the high season for agricultural labour in the United States approaches, tens of thousands of migrant workers from Mexico are getting ready to head to the fields in their northern neighbour to carry out the work that ensures that food makes it to people's tables.
is a 2011 film by US director Steven Soderbergh (Erin Brockovich, Traffic, Che) that has proved very popular viewing during the first few weeks of the Coronavirus crisis. Set in a fictional global pandemic – modelled on the outbreak of a bat-borne Nipah virus identified in 1999 that killed around 100 people in Malaysia - the film is a tightly-written topical drama with a great castthat includes Matt Damon, Gwyneth Paltrow, Jude Law, Laurence Fishburne, Kate Winslet, Marion Cotillard and Jennifer Ehle.
By the third week of March 2020, the number of Covid-19 deaths in Italy had overtaken the number of deaths in China. Authorities all over the world are restricting the movements of their populations as part of efforts to control the spread of Covid-19.
Austerity policies pushed by international financial institutions have weakened public health systems, despite current financial support packages, condemning many people to die.
“What do you get from the TikTok videos? Do you prefer the platform for entertainment, passing time or for connecting with your friends? I have seen comical videos, venting sessions and some that do not make any sense what so ever and some are just rude, making fun of others.” I asked the 14-year-old k-popper teenager flipping through the pages of a manga book while he chose to respond in English coming from a Spanish speaking family and studying Mandarin as a third language.