STWR - Share The World's Resources

Over two years since the onset of the global financial crisis, many governments’ economic policies continue to prioritise a return to the status quo. Decision-makers should instead base their response on a human rights-based approach, says a joint report by Center of Concern et al.

The recent economic crisis has opened up new opportunities to reform the global monetary system. Using the IMF’s Special Drawing Rights as an international reserve currency is one option, says a joint report by ActionAid and Third World Network.

Close parallels can be drawn between the causes of the current economic crisis and the marketing innovations associated with carbon trading. Studying the financial crisis and the climate crisis together can provide useful tools for understanding how to tackle both, says a report by The Corner House.

With the need to reform international finance now widely acknowledged, the solutions put forward from organisations in over 60 countries emphasise the importance of greater social investment, says a report by Social Watch.

The revenue lost to international tax evasion amounts to more than poor countries receive in aid. Global finance rules should be changed to enable governments to raise more money to spend on essential public services, says a report by ActionAid.

The scale and complexity of the economic crisis signals the need to reform the global financial system. Policy responses should recognise the inequity and unsustainability of unrestrained growth and the difference in consumption across income groups and countries, says a report by CIDSE.

As international attention turns towards a major conference to discuss the global financial crisis, a coalition of NGOs calls upon governments to invest in green technology, protect the poor, and deliver a resource transfer from North to South to promote truly sustainable development. By Put People First.