Loading

A Proposal for a World Development Organisation (WDO) to Address Emerging Global Economic Challenges

Raghbendra Jha (Australian National University)
This Policy Brief was first published in https://t20ind.org

Abstract

The global economy today faces a spectre of three expanding crises: huge burden of debt (public and private); repeated extreme weather events and other tragedies caused by climate change (which the world can now only adapt to, and not reduce); and the lingering public health and economic effects of the COVID-19 pandemic. These crises have become full-blown emergencies, particularly for the Least Developed Countries (LDCs). It is clear that concerted effort at the global level is required to address these challenges. Funding for such effort is in short supply as most developed economies have themselves accumulated huge debt burdens in recent years. This Policy Brief discusses international sources that could be used to provide the required financing and the resource mobilisation and disbursal mechanisms that could facilitate the effort.

Authors

Raghbendra Jha (Australian National University)

Latest Policy Briefs

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to contact@global-solutions-initiative.org or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.