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Globalization

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The Consequences of Living in an Economic Free-For-All

It is we, through our elected representatives, who have created a system in which corporations and banks privatise profits and make the public absorb the losses. We also have the power to bring their activities back under democratic control, argue Larry Elliot and Dan Atkinson.

Whither Economics?

Recent financial turmoil has highlighted the impact of faulty economic theory on the real world. Economists should embrace the failure of orthodox ideas as a chance to modify and improve their discipline, writes Peter Radford.

Macroeconomic Policy: The Elephant in the Room

Despite their importance, interest rates, financial regulation and fiscal policy are often ignored in multilateral discussions on development. Progressive movements need to seize the initiative in defining new avenues for macroeconomic policy, says Alejandro Nadal.

Growing Problems on the Road to Recovery

In Northern policy circles, current debate is centred on which is the best way to revive the global economy. But given the finite nature of the planet’s ecosystems and the clear link between economic growth and resource use, are we hoping for the right kind of recovery? By Tom Birch.

Davos: A New Rhetoric?

For the first time in forty years, some of the most powerful business leaders and politicians at the World Economic Forum are questioning the value of globalisation. But will this change in rhetoric lead to a more credible vision of human progress?

Beyond Rhetoric

For the most part, the wake-up call in 2008 to rethink our economic model went unheeded. Governments must address financial and ecological sustainability together in order to allow humans to flourish within the limits of a finite planet, argues Tim Jackson.

The Second Decade: The World in 2020

With seismic shifts in global power relations already underway, the coming decade is set to reshape the world as we know it. Far more profound will be changes to the natural world, which will impact humanity in unpredictable and possibly devastating ways, writes Michael Klare.

Pushing Reset on Sustainable Development

The practice of sustainable development has been mainstreamed to align with the interests of business, government, and ‘economics as usual’. We need to reset the pursuit of sustainability and demand transformative changes to the predominant global economic system, argues Alan Atkisson.

Adequate, Negative, Sustainable: What Kind of Growth?

Environmentalists are coalescing around the idea that the current drive for unending economic growth is not sustainable on a finite planet. But the end to which the economic system should now aim is still open to debate, suggest three different viewpoints.

The End of a Dream

Despite the continuing instability of the current economic system, the belief that neoliberal capitalism is indestructible has not yet been abandoned. Perhaps only a more serious crisis will overturn this erroneous idea upon which so many policies are based, says John Gray.

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