By Antoine Bonnet, Junior Economist & Alexandre Kolev, Head of Unit, Social Cohesion, OECD Development Centre
Wealthier middle classes are emerging across Asia. While they are highly heterogeneous across the region, their improved economic status could translate into greater ability to engage in public life, exercise voice, and influence decision-making. However, would these middle classes, if truly empowered, push for a policy agenda that is well aligned with the interests of the more fragile communities? Our recent research suggests this cannot be taken for granted.
Continue reading “Are Asia’s rising middle classes champions for more inclusive societies?”
By Samer Saliba, Head of Practice, Mayors Migration Council
Although cities – not rural areas or camps – serve as the primary destination for migrants and refugees worldwide, city governments face systemic barriers to accessing the funding and financing they need to provide for these communities.
Continue reading “Closing the municipal finance gap for migrants and refugees”
By Paola Simonetti, Deputy Director, Economic and Social Policy Department, ITUC
“People are no longer coming to the kiosk to buy tea since the pandemic outbreak started. I am the breadwinner of a family of nine. On many days I don’t earn a single shilling and return home empty handed”. This is the story of Jamila, a tea kiosk holder in Mogadishu, Somalia. Her story is also the story of around 2 billion informal workers worldwide who have been left to cope with the crisis on their own.
Continue reading “A new social contract for a job-rich recovery”
By Philip Schellekens, Senior Economic Advisor – IFC (World Bank Group)
As we start to see the light at the end of the pandemic’s dark tunnel, inequities in the distribution of vaccines across countries are coming under intense scrutiny. Unequal vaccine distribution is not necessarily unfair—after all, some population groups are more vulnerable than others. Yet relative to sensible metrics of need, the current inequality is excessive. Efforts to boost and balance deployment have galvanized under the clarion call for #VaccinEquity, but progress has been slow and marred by bottlenecks.
Continue reading “For greater vaccine equity, first fix these misconceptions”
By Benigno Lopez, Vice President for Sectors and Knowledge, IDB
When discussing life after the pandemic, many express a longing to return to a pre-Coronavirus world. But instead of dreaming of the status quo, I hope Latin America and the Caribbean (LAC) advances towards a better and “new normal”, born under the pressures of COVID-19, and far more equitable and collaborative than before. Critically, multilaterals will need to work together more than ever to help make this happen.
Continue reading “We need a new multilateralism to bring about a better post-pandemic world”
By Ieva Cesnulaityte, Policy Analyst, Open Government, OECD
Citizen-centred and citizen-led policymaking is no longer an abstract vision. Polarisation, populism, and low levels of trust in governments, have prompted academics, practitioners, politicians, and policy makers to reflect upon innovative ways of breathing new life into democratic institutions. And some of the tools being rediscovered and applied today, such as deliberation by a representative group of citizens, date back to ancient Athenian democracy.
Continue reading “A deliberative wave for development?”
By José Antonio Ocampo, Professor at Columbia University, and former UN Under-Secretary-General for Economic and Social Affairs and Finance Minister of Colombia
The world must curb financial flows associated with tax evasion and avoidance, as well as those obtained through corrupt activities and money laundering. The magnitude of the funds involved is immense; trillions of dollars in bank accounts and other assets, and not just in tax havens. The concealed money drains resources from the hands of governments, generates increasing inequality –because the beneficiaries are generally rich people— and causes significant deterioration in public sector governance worldwide. Increased transparency and accountability to curb these flows would improve governance and enhance fairness at the national and international levels.
Continue reading “Financial integrity for sustainable development”
Par Hakim Ben Hammouda, Universitaire et ancien Ministre de l’Économie et des Finances, Tunisie
La révolution tunisienne le 14 janvier 2011 a été à l’origine d’une grande espérance. Non seulement, elle a libéré la Tunisie d’un autoritarisme anachronique mais elle a aussi ouvert le système politique sur les principes de la modernité politique. Les nouveaux pouvoirs dans les pays des révolutions arabes et dans les autres pays se sont engagés à opérer de grandes réformes constitutionnelles afin d’instaurer le pluralisme politique et un système démocratique avec des élections ouvertes. Parallèlement aux changements politiques, la refonte des modèles de développement était au cœur des priorités post-révolutions et le rêve de construire de nouveaux modèles durables.
Continue reading “La révolution tunisienne dix ans après : pourquoi doit-on continuer à y croire ?”
By Kevin P. Gallagher, Professor and Director of the Global Development Policy Centre at Boston University & Co-chair for the ‘Think 20 Task Force on International Finance’ at the G20 for 2021
This blog is part of a thread looking more specifically at the impacts of the COVID-19 crisis in terms of capital flows and debt in developing countries.
The COVID-19 pandemic triggered the worst economic downturn since the Great Depression. World leaders were quick to convene through the G20 to try and stem the crisis but limited by the dismissal of the process by the United States. Newly elected US President Joseph Biden has just issued a game changing new Executive Order declaring that the United States Treasury shall “develop a strategy for how the voice and vote of the United States can be used in international financial institutions, including the World Bank Group and the International Monetary Fund, to promote financing programmes, economic stimulus packages, and debt relief initiatives that are aligned with and support the goals of the Paris Agreement.”
Continue reading “Joe Biden’s chance to renew multilateralism for a green recovery”