Economic policy

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The ability of governments to provide basic public services, and ensure the fulfillment of economic, social, and cultural rights has been increasingly hampered by indebtedness; leaving them virtually unable to respond to major crises. Powerful countries that control international financial institutions, like the IMF, can allow these economies to meaningfully respond; they just need the will.

The pandemic has exposed not only the failures of the current global economic order dominated by the system of capitalism, of which tax havens and tax abuse disguised as tax minimisation strategies and wealth or asset management are a major component, but also widened the pre-existing socio-economic inequalities between rich and poor countries even further. The alarming revenue gaps plaguing countries in the global South is more than just numbers. They are indicative of the urgently needed investment in public services and provisioning of those services to realizing the rights of the most vulnerable communities.

An overhaul of the economic system is long overdue: the signs were all there in 2020 but a year into the pandemic, the rich have grown richer and governments continue to sacrifice lives for the illusion of economic growth.

The term “late capitalism” picked up traction in the 2010s,...

On 27 April 2021, ESCR-Net co-hosted an online discussion on land rights. Over 50 members from across Africa, Asia, Latin America, the Middle East, Europe and North America, convened virtually to learn from each other’s experiences and strengthen shared analysis and...

From its origins, feminist economics has highlighted the need to advance in a broader conception of the economy and the economic system, which, in addition to the productive sphere, takes into account the reproductive sphere. In particular, this current points out the importance of unpaid care work for the development of people, but goes a step further by explaining how the provision of care is actually a social need, as it allows the reproduction of the working class, which in turn will be responsible for creating economic values ​​in the reproductive sphere (that is, for reproducing the economic system).

Statement: "Inclusive call for prevention and management of coronavirus that is reflective of the realities of Kenyans"

27 March 2020

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