Events

The biggest developmental challenge facing the world today is climate change and global warming. For keeping the world below the 1.50 C threshold of global warming, it is necessary to end the rising emission before 2025. COP26 provided serious push towards this goal, where more than 130 countries committed to achieve Net Zero between 2050 and...

Join us for a roundtable discussion on geopolitics, energy policy, and social challenges in Latin America. Panelists include two former ministers, along with two specialists in Latin American policy.

The Covid-19 pandemic has resulted in sharp increases in public debt across the globe. Rising public debt levels of Emerging Markets and Developing Countries (EMDCs) are particularly worrying, with debt vulnerabilities being high in absolute terms and relative to pre-pandemic levels. The United Nations (UN) reports that around 60% of least...

The world’s largest tech companies—so-called “digital giants”—have become a source of global concern, both because of their market power and the “digital harms” to which they give rise. Yet regulation is not easy. Panelists will discuss a report from the Center on Regulation in Europe on prospects and frameworks for tech regulation and consider...

Public debt is piling up across the world, especially in the Global South, raising the risk of debt crises. As Argentina’s minister of economy from December 2019 to July 2022, Martín Guzmán managed a sovereign debt crisis and the second largest debt restructuring in history. Guzmán will share his thoughts on how countries can manage these crises going forward.

Inflation, high debt levels, recession and large fiscal deficits are amplifying inequality and extreme poverty worldwide. Countries are responding with spending cuts that will hurt the poor. However, Chile and Colombia are among the few countries taking an alternative path: taxing wealth which could bring more progressive and redistributive...

Governments are facing a disrupted recovery due to the spread of new Omicron variants, the impacts of the Ukraine war, surging inflation and interest rates and increased risk of debt distress. Expansionary recovery fiscal policies are turning into fiscal consolidation in most countries and spending in essential public services is threatened....

Following four decades of mismanaged globalization, the world economy has recently been hit by two massive shocks—the Covid-19 pandemic and the war in Ukraine, that create massive challenges for a number of countries in the Global South that will be under debt distress. The Federal Reserve interest rate hikes will create additional tensions for debt sustainability in the context of a global financial architecture that for decades was conducive to the too little and too late syndrome in...

Following four decades of mismanaged globalization, the world economy has recently been hit by two massive shocks—the Covid-19 pandemic and the war in Ukraine, that create massive challenges for a number of countries in the Global South that will be under debt distress. The Federal Reserve interest rate hikes will create additional tensions for debt sustainability in the context of a global financial architecture that for decades was conducive to the too little and too late syndrome in...

Nobel Prize-winning economist Joseph E. Stiglitz spoke on "The Global Economy in Multiple Crises: Challenges for Emerging and Developing Countries and Pathways to Enhanced Resilience" at the JICA Ogata Sadako Research Institute for Peace and Development (JICA Ogata Research Institute) in Tokyo on Oct. 7, 2022. The talk was part of the JICA Ogata Research Institute Knowledge Forum series of events. The forum looked at how emerging and developing countries can recover from the turmoil of the...

Covid-19, Russia’s invasion of Ukraine, inflation, supply chain problems, food shortages and worsening climate events have upended global systems and forever changed people’s lives. The old approaches to what governments should do and how the international economic system should work, based on neoliberalism, won’t work as a way forward, especially as we enter a new Cold War, and an era in which the need for global cooperation is ever more apparent. We must chart a new course, one in which...