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.
75 years ago following the end of the Second World War and the first time any state has dropped an atomic bomb, not once, but twice, on Hiroshima and Nagasaki, 51 countries from all continents met to create the United Nations.
Many medicines and medical tests are unaffordable to most of humanity owing to the ability of typically transnational pharmaceutical giants to abuse their monopoly powers, enforced by intellectual property laws, to set prices to maximize profits over the long-term.
Financialization has worsened inequality through various channels, including macroeconomic policies. For example, quantitative easing and low, if not negative interest rates have fuelled credit and asset price bubbles, while fiscal spending cuts have adversely affected those depending on government assistance.
As we prepare to bid farewell to 2019, we must take a clearsighted look at the global situation and the new challenges we face.
Our world is undergoing a shift. It is no longer bipolar or unipolar. But it is not yet truly multipolar. Balances of power are changing, creating new and dangerous risks.
As the COP25 deliberations enter the decisive final week, representatives of environmental and social organisations gathered in a parallel summit are pressing the governments to adopt stronger commitments in the face of a worsening climate emergency.
Genesis smiles and holds her hand up proudly to answer questions in class. She claps her hands in support of her classmates when they answer the teachers’ questions correctly. “I miss my cousins and aunts in Venezuela, she says.” Her smile fades and her lips tighten. She struggles to hold back her tears. “I can’t return. I want to stay here in my school, with my new friends.” Her smile returns, as she resolutely states: “I want to become a lawyer, so I can help solve problems
Tens of thousands of delegates from state parties began working Monday Dec. 2 in the Spanish capital to pave the way to comply with the Paris Agreement on climate change, while at a parallel summit, representatives of civil society demanded that the international community go further.
Unanimously endorsed by the UN Human Rights Council in 2011, the Guiding Principles on Business and Human Rights are the authoritative global reference point articulating the responsibilities of companies to respect and protect human rights.
After years of austerity, a number of Eurozone countries are now considering expansionary
fiscal policies. And in the UK, government spending is set to return to levels last seen in the 1970s
. But austerity abounds elsewhere in the world, including in some of the poorest countries.
Any balanced assessment of the so-called Chinese economic miracle
will recognize that it was extremely successful, not only during the reform period from 1979, but also since Liberation in 1949 despite the setbacks of the Great Leap Forward and the Cultural Revolution.
The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), all dominated by rich countries, have long promoted trade liberalization as a ‘win-win
’ solution for “all people—rich and poor—and all countries—developed and developing countries”, arguing that “the gains are large enough to enable compensation to be provided to the losers”.
Leading economic indicators have slowed or reversed. Criticisms of official statistics are mounting. But the IMF and World Bank continue to forecast 6-percent growth by simple extrapolation.