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Trade Reproduces International Inequalities

By Christian Dorninger, Anke Schaffartzik, and Hanspeter Wieland

Through international trade, richer countries do not merely generate a monetary trade surplus, but also appropriate international resources and labour from poorer countries. While this allows high consumption standards, economic growth, and the simultaneous protection of domestic natural resources in some countries, more land for mining and agriculture for exports is being extracted from the local economies in others. As a result, this makes a socially-ecologically sustainable development impossible. Our research team was now able to prove that ecologically unequal exchange was a persistent feature of the global economy from 1990 to 2015. Using environmentally-extended multi-regional input-output modelling, we investigated these structural inequalities in international trade. Continue reading “Trade Reproduces International Inequalities”

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Towards a Non-Extractive and Care-Driven Academia

by Vijay Kolinjivadi, Gert Van Hecken, Jennifer Casolo, Shazma Abdulla and Rut Elliot Blomqvist

The white gaze permeates many aspects of even the most critical disciplines. In this piece, we offer some thoughts on how we might reclaim what the university could be  – a place that equips people with the knowledge they need to unlearn/unmake/dismantle the knowledge framings and worldviews that lend themselves to white supremacy and other forms of oppression more broadly.  Continue reading “Towards a Non-Extractive and Care-Driven Academia”

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Economics (really) needs to change: Introducing ‘Wellbeing Economics’ by Nicky Pouw

By Nicky Pouw

Beneath the surface of neoclassical economics lies unwavering faith in the pursuit of big numbers: more is always better. More growth means more income, more supply and production, more employment, more demand, more investment, more growth, and so forth. Big numbers give people a certain sense of security; everything is ‘going well’ and the economy is ‘healthy’. Only when a crisis hits, such as the current COVID-19 virus, people seem to become aware of the danger that lurks in big numbers; namely, they always involve tipping points and introduce risk into other areas, such as public health or international security. By ‘tipping point’, I mean that a certain equilibrium is upset, such as the equilibrium in economic growth or the balance between supply and demand. Continue reading “Economics (really) needs to change: Introducing ‘Wellbeing Economics’ by Nicky Pouw”

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It’s about Europe’s future, stupid!

Against the background of the global Corona pandemic, there is an urgent need for the EU to step up its international cooperation efforts.

By Michael Obrovsky

Reacting rather swiftly to the economic and social effects of the COVID-19 crisis, The European Council in its July 2020 meeting has agreed on the reconstruction instrument “NextGenerationEU“. The latter features a financial volume of € 750 billion to strengthen the EU budget 2021-2024 and € 1,074.3 billion for the long-term budget (MFF Multiannual Financial Framework) for the period 2021-2027. While new instruments and billions of euros are being provided for the recovery of the European economy, the EU’s international cooperation framework with the Global South is still based on a pre-COVID-19 approach. Continue reading “It’s about Europe’s future, stupid!”

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It is time to abandon “development” goals and demand a post-2030 Utopia

By Julia Schöneberg and Mia Kristin Häckl

These are troubled times. Times of multiple, interrelated crises that bring to the fore the injustices, inequalities, and racisms that are not new, but continue to persist and become increasingly hard to ignore.

The SDGs started off ambitiously and claimed to set a mark for a new era in which all countries would be unified in a universal – shared but differentiated – quest to develop. Much has been critiqued in terms of how the goals are formulated and implemented. Continue reading “It is time to abandon “development” goals and demand a post-2030 Utopia”