Globalisation and Transformation

This article wants to provide food for thought on what a long-term economic policy could look like. In the context of the climate crisis, increasing inequality, the loss of biodiversity and financial instability, the challenge is to craft a strategic approach that can set the course for long-term success.

We are experiencing two very different pandemic realities between low-income and high-income countries. Unfortunately, instead of seeking a solidarity-based response, the international community has once again demonstrated its disunity in this health crisis. The task now is to regain credibility and rebuild trust.

The prospect of a green hydrogen economy comes with significant opportunities and risks. There is a need to both promote and carefully shape the much needed expansion of production, while limiting the end use of green hydrogen.

The Geneva Refugee Convention turned 70. Hardly anyone feels like celebrating in view of the many violations internationally, but the occasion offers the opportunity to strongly support the Convention’s principles in face of all hostilities, because it stands for nothing less than the protection of refugees.

The Asian Infrastructure Investment Bank (AIIB) is a multilateral bank for infrastructure financing and plans to become the leading global institution for financing infrastructure projects. This article shows why the bank must intensify its efforts to inform the public in a timely manner about the environmental and social risks of its projects.

As well as in 2008, the very necessary, unavoidable actions of central banks now in the Covid-19 crisis have massive side effects: cheap money is fostering asset price inflation, fueling inequalities. At the same time, central banks are still disregarding climate risk in the way they treat fossil assets as collateral.

The EU has traditionally been timid about its use of sanctions in foreign policy. Will this change with the current EU leadership’s plans to speak “the language of power”?

As part of a larger geopolitical region, the Wider Black Sea requires greater commitment from the EU in the areas of security, renewable energy, and connectivity. Turkey and Russia are the key competitors for influence and resources in the region.

The financial industry also sees the climate crisis as a threat to future speculation profits. Industry giants like BlackRock are calling for an end to fossil fuels and siding with the environmental movement.

The Corona crisis demonstrated in fast motion the dilemma into which market-state-thinking leads. This is where commons come into play, i.e. what people do and are able to do with each other in a self-determined, self-organised, needs-oriented manner and without any marketing interest.