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World Bank Readies $160 Billion Emergency Aid Package
World Bank President David Malpass has joined IMF Managing Director Kristalina Georgieva in urging bilateral creditors to extend debt relief to poor countries struggling to cope with the corona virus. “Many countries will need debt relief. This is the only
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Deflation, Inflation, and the Disappearance of Deficit Phobia
Inflation is, essentially, the expression of excess demand or, on its flip side, a sign of depressed supply. The trillions of freshly ‘minted’ dollars and euros that seek to maintain an equilibrium of sorts between supply and demand whilst the
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2020 UNCTAD World Investment Forum: More Important Than Ever in an Age of Worrying Trends
In December this year, Abu Dhabi will welcome government leaders, CEOs and investment stakeholders for the seventh biennial UNCTAD World Investment Forum (WIF). The forum’s mission is to promote investment for sustainable development. And there are worrying trends, as well
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Harvard Business School on Impact-Weighted Accounts: the Missing Piece in Economy Puzzle
Capitalism is in need of a renaissance. Despite headlines of strong global economic growth, there are signs that all is not well. Environmental advocates have been leading calls for change before the climate crisis produces irreversible changes to our world.
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Business in Times of Corona: The Dangerous Fruit of the Magic Money Tree
In one of life’s little ironies, it was not the senator from Vermont but the billionaire businessman from New York who brought social democracy to the United States. The massive federal aid package now working its way through Congress is
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Evan Harvey, Nasdaq: SDG Awareness and Action – A Report From the Global Exchange Community
The UN Sustainable Development Goals (SDGs) seek to alleviate social, economic, and environmental problems by the year 2030, but progress has been slower than necessary and scattershot in impact. Certain SDGs tend to attract awareness and action from companies if
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Jim O’Neill: A Living Wage for Capitalism
At 3.6%, unemployment in the United States remains near its lowest level since the late 1960s. There are even signs that people who had previously dropped out of the labour force are being attracted back into it as employers scour
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Klaus Schwab: What Kind of Capitalism Do We Want?
What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly. Generally speaking, we have three models to choose
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Mohamed A El-Erian: How the IMF Can Battle Gradual Irrelevance
This year, I didn’t attend the October annual meetings of the International Monetary Fund and the World Bank in Washington, DC. Instead, I paid close attention to reports of the gathering and talked to people who were there whom I
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Jim O’Neill: The Return of Fiscal Policy
As we enter the last quarter of 2019 (and of the decade), cyclical indicators point to a slowing world economy amid wide-ranging structural challenges. There are plenty of issues to keep one up at night, be it climate change, antimicrobial
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