306 Results for “COVID 19”

John Ralston Saul, writer and political philosopher, talks to Rob about citizenry and society in light of COVID-19. They discuss models for civic engagement that could better tackle the pandemic, as well as other social problems, such as poverty and inequality.

Every country has had a different policy response to the crisis; and within countries different political parties have championed various approaches. How has COVID-19 affected politics and social life in developed western countries?

Jeffrey Sachs, Director of Columbia University’s Center for Sustainable Development and Chair of the Lancet’s COVID-19 commission, talks about the many challenges and shortcomings of US policy towards the pandemic, as well as his new book, The Ages of Globalization, and how we can get the ethical foundations of economic thinking back on track.

Nelson Barbosa—Professor at the Getúlio Vargas Foundation in São Paulo, former Finance Minister of Brazil, and member of INET’s Global Commission on Economic Transformation—talks to Rob about how faith in the free market is eroding under the COVID-19 pandemic, and how the crisis will impact globalization.

Jayati Ghosh, professor of economics at Jawaharlal Nehru University in New Delhi and member of INET’s Global Commission on Economic Transformation, talks to Rob about the unique way the COVID-19 pandemic is affecting developing countries. They also discuss the developing global economic crisis, and the way young people in particular are responding.

Colleges and universities need to be saved, not only from financial ruin, but also, all too often, from themselves.

“Just learn to live with it” policies subject children to an experiment with a systemic disease that does serious and lasting damage, warns former NASA and DARPA technologist

“Executives have an interest in getting the stock price up and price gouging customers is one way they can do this,” said William Lazonick, professor emeritus of economics at University of Massachusetts and co-founder of the Academic-Industry Research Network. While many drug companies argue that they use their vast profits to fund ongoing pharmaceutical innovation, Lazonick said, “we’ve shown that most of these companies don’t do that.” Instead, the soaring prices fuel soaring stock prices and executive pay, which is often based largely on that price.” — INET Grantee William Lazonick

Rob talks to Adair Turner—member of the House of Lords, former Chairman of the British Financial Services Authority, and member of INET’s Commission on Global Economic Transformation—about how the COVID-19 economic crash compares to the post-2008 recession: namely, how to deal with a crisis of supply in addition to aggregate demand.

Incomes Destroyed at the Bottom, Profits Supported at the Top

An interview with Professor Felwine Sarr, Professor of Economics at the Université Gaston Berger of Saint-Louis in Senegal, for INET’s series on COVID-19 and Africa

In this conversation with Folashadé Soulé and Camilla Toulmin, Pr Njuguna Ndung’u, a Kenyan economist, Director of the African Economic Research Consortium (AERC), a pan-African organization devoted to the advancement of economic policy research and training in sub-Saharan Africa, and former Governor of the Central Bank of Kenya (2007-2015) analyses how the pandemic creates more fragility in African economies, but also how reforms could be implemented during this crisis; and the urgent need for investment in strong health institutional capacities

“Actual experience, as opposed to cost-benefit analyses of theoretical alternatives, further strengthens the case for suppressing the disease fully, where feasible. A recent paper from the Institute for New Economic Thinking, To Save the Economy, Save the People First, suggests why. A chart (reproduced here) shows that countries have followed two strategies: suppression, or trading off deaths against the economy. By and large, the former group has done better in both respects. Meanwhile, countries that have sacrificed lives have tended to end up with high mortality and economic costs.” — Martin Wolf, The Financial Times

An interview with Dr. Ibrahim Mayaki, CEO of the African Union Development Agency (AUDA-NEPAD)

Rohinton Medhora—economist and President of the Centre for International Governance Innovation—talks to Rob about how our economic institutions, such as the global intellectual property regime and central bank independence hamper our ability to address the global crisis that the COVID-19 pandemic has unleashed. They also talk about the state of populism, US-China relations, and the effect of the pandemic on Africa.