روما بت
ماه بت
پین باهیس
بهترین سایت شرط بندی
بت کارت
یاس بت
یک بت
مگاپاری
اونجا بت
alvinbet.org
بت برو
بت فا
بت فوروارد
وان ایکس بت
1win giriş
بت وینر
بهترین سایت شرط بندی ایرانی
1xbet giriş
وان کیک بت
وین بت
ریتزو بت
1xbet-ir.com.co/
https://www.symbaloo.com/mix/paperiounblocked2?lang=EN https://www.symbaloo.com/mix/agariounblockedschool1?lang=EN https://yohoho-io.app/ https://2.yohoho-io.net/paper.io unblocked https://www.symbaloo.com/mix/yohoho-unblocked-76?lang=EN https://www.symbaloo.com/mix/agariounblockedpvp https://www.symbaloo.com/mix/yohoho?lang=EN
HomeAnalytics“End the dog-eat-dog mentality to tackle the crisis”, by Gordon Brown

“End the dog-eat-dog mentality to tackle the crisis”, by Gordon Brown

Published on

JPEG - 39.9 kb

When the G20 was called more than a decade ago to deal with the global financial crisis, we had to overcome US scepticism, G7 hesitancy, Chinese pressure to restrict its remit, and French pressure to broaden it. Such was the jockeying for places that not 20 but 23 national leaders attended the London summit. Their greatest disagreement was not over the $1tn stimulus but tax havens.

In the end, we agreed short-termfiscal targets, but not medium-term growth targets. Our plan to reframe global institutions for an age of global capital flows and supply chains also failed. But at least all realised that if we did not stand together,we woul dfall separately.

It was the unanimous commitment to shared objectives, built on the rock of practicalmeasures, that helped restore confidence where there had been none. It is a confidence that G20 leaders must rebuild during today’s unique crisis. The crisis force dadire trade-off. The more aggressively we confront the global medical emergency by shutting down workplaces, the worse the economic emergency, producing an even greater need for co-ordinated action to slow and reverse each national economy’s slide. Yet such is the mismatch between the need for international cooperation and our present willingness to undertake it, that the ambition of the G20 seems in inverse proportion to the enormity of our joint challenges.

As we face the coronavirus pandemic, the idea of individual self-isolation is now commonplace. But national self isolation has also taken off. In the initial post-coldwar era, the US acted multilaterally; now, in amore multipolar era, it acts unilaterally. This us-versus-them nationalism — “America first”, “China first”, “India first”, “Russia first”, “Brazil first” or “Turkey first” — has gone global. Yet even the most isolationist nation knows it is not enough to stop Covid-19 in one country: it must be stoppedinall.

The G20must underwrite and accelerate a concerted global effort to develop, manufacture and distribute vaccines and treatments. Every nation needs, almost simultaneously and at scale, testing kits, ventilators, cleaning chemicals and protective equipment. To achieve this, instead of dog-eat-dog bidding wars that encourage profiteering, the G20 should back the World Health Organization and the Global Fund’s efforts to co-ordinate and increase production and procurement of medical supplies. Over time, it must build a global stockpile and workforce. Tariffs and other protectionist barriers must go:nothing should prevent what is mass produced in and for one country from being mass produced for others.

In 2010, synchronised monetary, fiscal and anti-protectionist measures by the G20 quickly restored growth. Now, similar measures could maximise the impact of individual national policies well beyond the $2tn stimulus forecast by the OECD. The world would be far stronger and more stable if each systemically important central bank simultaneously intervened as radically as the US Federal Reserve. The IMF should also agree a new Special Drawing Right allocation to help address massive emerging market capital outflows.

That strength and stability could be evenmore effectively advanced by a coordinated fiscal stimulus — far more than the two per cent of global gross domestic product deployed in 2009. The EU and China must now match US and UK policies on this.

Fiscal policy is doubly important because issues of fairness loom large. The poorest and most vulnerable bear the greatest burden andwill suffermost when debts have to be repaid. G20 fiscal action cana void a second decade of austerity and lower the risk of further waves of populist nationalism.

Lastly, the G20 should tomorrow form a task force to co-ordinate the work of political leaders, medical experts and the heads of international institutions. If Africa’s rates of infection approach Asia’s,multilateral funds will soon be exhausted. The G20 shouldl ook a fresh at fully funding the WHO; replenishing GAVI, the vaccination fund; and promise the World Bank extra resources. One cost-effective option is the new International Finance Facility for Education (IFFED). As countries redirect investment to macroeconomic support and social safety nets, IFFED could assume an additional remit: training the 18m health workers developing countries need.

The G20 has yet to fulfil its potential as the world’s premier economic forum. Yet there are precedents. Out of the carnage of the second world war came the UN, the IMF, World Bank and the WHO. Out of this crisis must come reforms to the international architecture and a whole new level of global co-operation. This is an urgently needed public good for a world beginning to understand that it ismore interdependent and fragile than ever before.

Latest articles

Teamsters spread sanitation workers’ strike coast to coast

The following is a statement by Teamsters Local 25, published on July 9, 2025. Teamsters Local 25: Republic Services continues to lie about negotiations.  Picket lines extended to West Coast cities Boston Teamsters Local 25 President Thomas G. Mari said Republic Services wants impacted towns to believe it is negotiating daily with striking collection workers…

Ten years after her lynching – Sandra Bland: still ‘Say her name!’

Sandra Bland If Sandra Bland were alive today, she would be 38 years old. This July 13 will mark the 10th anniversary of her lynching in a Waller County, Texas, jail following her arrest on July 10 for an alleged minor traffic violation. The white state trooper who arrested her was only charged with perjury.…

Palestinian factions react to new ceasefire proposal

Home » Global » West Asia/ North Africa » Palestinian factions react to new ceasefire proposal The following statement was issued on Resistance News Network on July 5, 2025. Palestinian factions congratulate the efforts of the Hamas negotiating delegation on their shaping and agreement of a dignified ceasefire proposal. Across the political spectrum, factions issued…

Hamas update on ceasefire proposal

Home » Global » Hamas update on ceasefire proposal The following statement appeared July 5, 2025, on Resistance News Network. According to various press sources, including Al-Araby TV, Al-Sharq and Reuters, Hamas accepted the framework presented by the mediators for a ceasefire in Gaza, with certain modifications and clarifications. Hamas fighters Hamas’s response focused primarily…

More like this

Teamsters spread sanitation workers’ strike coast to coast

The following is a statement by Teamsters Local 25, published on July 9, 2025. Teamsters Local 25: Republic Services continues to lie about negotiations.  Picket lines extended to West Coast cities Boston Teamsters Local 25 President Thomas G. Mari said Republic Services wants impacted towns to believe it is negotiating daily with striking collection workers…

Ten years after her lynching – Sandra Bland: still ‘Say her name!’

Sandra Bland If Sandra Bland were alive today, she would be 38 years old. This July 13 will mark the 10th anniversary of her lynching in a Waller County, Texas, jail following her arrest on July 10 for an alleged minor traffic violation. The white state trooper who arrested her was only charged with perjury.…

Palestinian factions react to new ceasefire proposal

Home » Global » West Asia/ North Africa » Palestinian factions react to new ceasefire proposal The following statement was issued on Resistance News Network on July 5, 2025. Palestinian factions congratulate the efforts of the Hamas negotiating delegation on their shaping and agreement of a dignified ceasefire proposal. Across the political spectrum, factions issued…