Globalisation

G20 Puts More into Fossil Than Green Energy in Covid-19 Recovery Packages

By Fermín Koop
As the world’s leading economies direct trillions of dollars towards Covid-19 recovery packages, a significant proportion is going to fossil fuel industries without climate stipulations, according to the 2020 edition of the Climate Transparency Report – which has assessed the climate performance of G20 countries.

COVID-19 Compounding Inequalities

By Jomo Kwame Sundaram and Anis Chowdhury
The United Nations’ renamed World Social Report 2020 (WSR 2020) argued that income inequality is rising in most developed countries, and some middle-income countries, including China, the world’s fastest growing economy in recent decades. Inequality dimensions While overall inter-country inequalities may have declined owing to the rapid growth of economies like China, India and East Asia, national inequalities have been growing for much of the world’s population, generating resentment.

African Languages Matter: Is There Still Time to Prevent Cultural Genocide?

By Victor Oladokun
As a 10 year-old newly arrived in Lagos from England, I recall listening intently to how the Yoruba language - my father's language - was spoken. I would constantly repeat in my head or verbally repeat what I thought I had heard. I was not always successful. Many times, what would come out of my mouth would throw my friends into fits of laughter.

The Armored Divisions of the European Union

By Joaquín Roy
An anecdote tells, never sufficiently confirmed, that in the hardest moments of the Second World War when Stalin was dictating his orders of battle to his subordinates, he was told that perhaps it would be advisable to consult with the Pope. The Soviet dictator replied: "And how many armored divisions does the Pope have?"

Global Data Community’s Response to COVID-19

By Francesca Perucci
The world is currently counting more than 42 million confirmed cases of the COVID-19 and over 1 million deaths since the start of the pandemic.1

Does COVID-19 Imply an End to the Epoch of Science?

By Daud Khan and Leila Yasmine Khan
Around the 16th century there was a radical shift in the way humans perceived nature.  New thinking in physics, chemistry, biology and mathematics heralded a deeper understanding of the world around us.  Between the 17th and 18th century this new thinking had resulted in spate of technological inventions such as the steam engine, railways, electricity and the telephone.

Energy Transition and Post-Covid Recovery, a Challenge for Latin America

By Emilio Godoy
The way forward for energy transition and its link to an economic recovery after the depression caused by the covid-19 pandemic is focusing attention in Latin America and Europe, according to the 2nd Madrid Energy Conference (MEC), which concluded this Friday 2.

‘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.
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