沙巴体育官网_2024欧洲杯博彩app@ the Sustainable and Inclusive Recovery project
The COVID-19 pandemic has been a global health crisis as well as an economic and social one which has brought into focus the structural failings of the global economy, particularly on those in the Global South living in precarity and suffering the worst impacts of the climate crisis. This has long-term implications and there is a risk of an acceleration towards the next global recession and significant reversals on the incremental gains made over the past several years to meaningfully reduce poverty, encourage deeper climate financing, advance human rights, and achieve the UN Sustainable Development Goals (SDGs).
In order for the recovery to be inclusive, environmentally sustainable and legitimate for the Global South, ongoing policy discussions must challenge mainstream approaches to economic recovery, address persistent inequalities around the world, and ensure the realisation of all human, individual and collective rights without discrimination.
Therefore, policies for economic recovery should prioritise the various transversal macroeconomic issues affecting the Global South, such as the high risk of debt distress and unsustainable debt levels of lower income and middle-income countries, unproductive and regressive tax regimes, preferential trade agreements, cuts in vital social services and social transfers, and dependence on extractive industries.
Equally, responses will need to contest the underlying principles that underpin mainstream economic development models that are harmful to workers, women, youth, and rural/indigenous/afro-descendant communities. However, given the significant regional differences across the Global South, and recognizing contrasting definitions of what the Global South encompasses (competing political economy priorities, varying contributions to, and impact by, the climate crisis, as well as varying economic landscapes), socio-economic recovery responses will necessarily emphasize different reform priorities in each region in order to be most responsive to the needs and interests of its most vulnerable populations.
Within this context, the Ford Foundation, in partnership with the Southern Centre for Inequality Studies, has identified a window of opportunity to ensure that prevailing global and regional policy discussions, on short and medium-term recovery from the crisis, advance alternative and credible policy proposals that are more socially just, centre the priorities and interests of the Global South, and maximise prospects of reducing structural inequalities.