The over-reliance on interest-rate increases will likely lead to economic disaster in low- and middle-income countries.
Grappling with power imbalances
In a world of interlocking crises, Jayati Ghosh finds an antidote to despair in the potential of mobilisation for a new eco-social contract.
Effective pandemic response must be truly global
The world needs a pandemic preparedness and response strategy built on equitable and representative decision-making.
Dealing with inflation, really
Jayati Ghosh bemoans the economics profession’s inability to think beyond crude analyses of inflation—and crude policies to stem it.
Achieving Earth for all
Because the changes to achieve sustainable wellbeing for all are so big, they require determined social movements.
Let’s count what really matters
Tracking four alternative economic indicators would provide a very different view of comparative performance than GDP.
Control the vampire companies
Jayati Ghosh highlights the vicious circle between spiralling wealth and corporate political influence.
Who should be responsible for emissions reductions?
The wealthy are the biggest greenhouse-gas emitters, Jayati Ghosh writes, yet carbon taxes hit the poor hardest.
The biggest killer of pandemic times: inequality
‘Inequality’ is never the official cause of a death. But, writes Jayati Ghosh, that doesn’t mean it’s not.
The price increases that matter for the poor
Rich-country governments are not adequately addressing the causes of food-price inflation—the world’s poor continue to suffer as a result.
The feminist building-blocks of a just, sustainable economy
Jayati Ghosh finds in a UN Women report a blueprint for an economy which serves the public—rather than the other way around.
Time is running out for a new agricultural model for the global south
Jayati Ghosh is baffled that at a coming food summit the UN should partner with the World Economic Forum, not its own specialist agencies.
Apocalypse or co-operation?
The perfect storm of Covid-19 and climate change, and resulting economic damage, will likely trigger much more social and political instability.
The G7’s role in the world
Jayati Ghosh unpicks the G7 summit in England and finds an anachronistic coalition failing to meet global responsibilities.
Next steps for a people’s vaccine
Ending the pandemic requires not only an intellectual-property rights waiver but scaling up knowledge transfer and public production of vaccine supplies.
Covid-19 in India—profits before people
Jayati Ghosh explains why more than a third of a million Covid-19 cases are being reported in India daily—and what that says about our world.
Europe could make good use of a new SDR allocation
Jayati Ghosh begins a new Social Europe column by pricking Europe’s conscience on its pandemic-related responsibilities towards the developing world.
Reform of global taxation cannot wait
The huge fiscal pressures occasioned by the pandemic mean global tax-gaming by corporations and the wealthy is a luxury we can no longer afford.
The Covid-19 debt deluge
The Covid-19 crisis may have set the stage for a debt meltdown long in the making, starting in the Asian economies on the front lines.
Our shrinking economic toolkits
For four decades, mainstream economists and policymakers have been wedded to fixed dogmas. Their blind belief in fiscal discipline threatens the very stability of societies.
The exploitation time bomb
Worsening economic inequality in recent years is largely the result of policy choices that reflect the political influence and lobbying power of the rich.