Globalisation

‘Populist’ Macroeconomic Policy

By Vladimir Popov and Jomo Kwame Sundaram
‘Ethno-populism’ has emerged and spread in recent decades in response to the mixed consequences of neoliberal globalization. It appropriates nationalist rhetoric for narrow ethnic, religious, cultural or other communal ends, typically with a chauvinist, jingoist rejection of selected Others as politically expedient.

SDGs: It’s Not Just About Collecting Data, it’s What You Do With it

By Tim Mohin
The unprecedented challenges posed by COVID-19 have reminded us that we are an interconnected global community. While this crisis rightly has dominated our attention, we must not lose sight of progress on the broader aims of the Sustainable Development Goals and the Paris Climate Agreement.

The Culture of Peace: Change our World for the Better in the Age of COVID 19

By Nihal Saad
Last year, we paid tribute to the 20th Anniversary of the 1999 Declaration of the Program of Action on a Culture of Peace. Today, we need to ask ourselves if we had genuinely carried out our moral responsibilities to transition from a culture of hatred and violence to a culture of tolerance and peace.

TikTok, Trump and the Need for a Digital Non-Aligned Movement

By Juan Ortiz Freuler
Recent weeks have seen a dramatic escalation in the U.S.’ stance towards tech companies from the People's Republic of China (PRC). After hounding the telecommunications company Huawei for years, the social networking app TikTok is the latest Chinese company to enter the firing line.

Regressive Taxation Must Be Reversed

By Jomo Kwame Sundaram
With many in the world experiencing declining living standards, there has been growing frustration. Many hope that progressive taxation will improve things. While some economies once had progressive tax systems, recent decades have seen regression.

CPTPP Trade Liberalization Charade Continues

By Jomo Kwame Sundaram
The Trans-Pacific Partnership (TPP) Agreement should be dead and buried after President Trump announced US withdrawal immediately after his inauguration in January 2017. After all, most major US presidential candidates in the last election, including Hillary Clinton, had opposed the TPP.

Why the African Free Trade Area Could be the Game-Changer for the Continent’s Economies

Most economists see structural transformation as one of the main routes to Africa’s sustainable development. What it means is changing the share of agriculture, manufacturing and services in an economy. It is a central aim of the African Union’s Agenda 2063.

Financialization: Tackling the Other Virus

By Jomo Kwame Sundaram and Michael Lim Mah Hui
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.

The Missing SDG: Ensure the Digital Age Supports People, Planet, Prosperity & Peace

By Amy Luers
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.

The Best Law Capital Can Buy

By Jomo Kwame Sundaram
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.

The UN’s Failure to Act on Race

By Kwame Akonor
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.

Scourge of Racism Violates UN Charter

By Amina J. Mohammed
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.

Reviving the Economy, Creating the ‘new Normal’

By Anis Chowdhury and Jomo Kwame Sundaram
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.

High Volatility

By Manuel Manonelles
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.

COVID-19: Reset Food Systems Now for a Better Future

By Cecilia Russell
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 Pandemic Underlines America’s Ingrained Racism

By Dr Alon Ben-Meir
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.

Is the Fight for Human Rights & Racial Justice Overriding the Coronavirus Risk?

By Thalif Deen
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.

EXCLUSIVE: In the Face of the COVID-19 Pandemic We Are Only as Strong as the Weakest of Us

By David Nabarro and Joe Colombano
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.

Covid-19 Straw Breaks Free Trade Camel’s Back

By Jomo Kwame Sundaram
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 Commonwealth’s Response to COVID-19

By William Ellis
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: Why We Must Reset Our Thinking

By Ian Goldin
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.
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