Search

Begin New Search Topic Inequality Political Geography Global Focus

141. Great Expectations: Is the IMF Turning Words into Action on Inequality?

Author:
Nadia Daar, Nicholas Galasso, and Chiara Mariotti
Publication Date:
10-2017
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
In recent years, the International Monetary Fund has become a global leader in highlighting the inequality crisis; consistently identifying it as a major threat to human progress and prosperity. This is a significant shift from its previously held position that rising inequality was a necessary trade-off for achieving greater economic growth. What is the IMF doing in practice to operationalize its agenda for tackling inequality? The IMF’s main initiative has been a series of pilots that integrate inequality analysis into its economic surveillance of countries. This paper outlines Oxfam’s evaluation of these pilots and finds that they are not promoting policies that reduce inequality. It gives recommendations for the IMF to systematically incorporate the fight against inequality into its research and its actions on the ground
Topic:
International Cooperation, Financial Crisis, Inequality, and IMF
Political Geography:
Global Focus

142. Researching the Killer Fact That Highlighted Global Economic Inequality

Author:
Leila Smith
Publication Date:
12-2016
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
This case study of research in practice describes how in 2014 Oxfam staff researched and developed a powerful killer fact ' that the 85 richest people owned as much wealth as the poorest 3.5 billion people ' and how this triggered international media coverage, political commentary, and record-level website hits.
Topic:
Poverty, Media, Inequality, and Economic Inequality
Political Geography:
Global Focus

143. Core Support for the New Economy

Author:
Neva Goodwin
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
This paper proposes an income guarantee that would be defined as compensation for household activities such as childcare, food preparation, care of elderly or ill persons in the home, maintenance of the home and of household vehicles and appliances, and household-based transportation. I will call it Core Support, or CS. The Core Support proposal is put forth as a way to achieve a number of important goals, including reduction of poverty and inequality, increased fairness and better old-age security, and improved possibilities for good child care and education. It could replace much of the burdensome and expensive apparatus of welfare and some other government programs. Rather than providing a handout, it would expressly reward and enable some of the unpaid work on which every society depends, validating these activities as legitimate labor. As described in this proposal, it could have a significant impact in healthy redefinition of gender norms. In addition, the proposed program would reduce the requirement for all members of society to take paid work, thus rebalancing power between employers and employees. By reducing the pressure to create jobs, regardless of their quality or their impact, it would make it easier to cease production of socially or environmentally harmful goods and services. However, it would create a not inconsiderable amount of new work in managing the program. Depending on whether there is too much, or too little, demand for labor in the macroeconomy, this could be desirable, or not. This idea builds on literature on Basic Income Guarantees (BIG), as well as on some work in feminist economics. The latter tends to be skeptical of BIG proposals. It is hoped that the CS proposal, by addressing intra-household allocations – a topic normally absent from BIG proposals – can respond to this skepticism by showing how a basic income system can be designed so as to promote deep cultural changes in gender norms and widen respect for those who do the essential core work of a society. If it is assumed that the CS funds depend on taxable income, then it would be necessary for the economy in which it is implemented to have a preexisting flow of money from the sale of privately produced goods and services; thus it would appear that this approach would not be feasible in poor countries. Hence, given a focus on the U.S. context, some attention will be paid to the question of how “wealthy” this country will be in coming decades. It is possible to imagine macroeconomic conditions in which people are “poor” because they lack money to buy needed goods and services that are in fact being produced in the economy. In this case the central bank could create money to be distributed in amounts that would enable local trade, benefiting both producers and households, and possibly leading to higher levels of output.
Topic:
Gender Issues, Poverty, Women, Inequality, and Economic Inequality
Political Geography:
Global Focus

144. More than a Game: Soccer and Social Justice in the Twenty-First Century

Author:
Amy Bass, Joshua Nadel, Stephanie Yang, and Shawn Stein
Publication Date:
04-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
This panel brings together experts in the culture and politics of soccer to discuss the state of the sport in the US and around the world. In what ways is the game plagued by racism, sexism, homophobia, economic injustice, or other inequalities? How might soccer be a tool for social, political, and cultural change? Join the conversation with these panelists as they share their work and take questions from the audience.
Topic:
Politics, Sports, Inequality, and Social Justice
Political Geography:
North America, Global Focus, and United States of America

145. Public Debt in an Unequal World

Author:
Sandy Brian Hager
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
Public debt levels have risen across the advanced capitalist world over the past four decades. Who exactly is purchasing these ever-growing piles of public debt? How do rising levels of public indebtedness relate to growing wealth and inequality? This paper presents some of my own findings, which indicate a rapid concentration in ownership of the US public debt since the early 1980s. Focusing on the Eurozone, the paper then goes on to discuss the difficulties in extending this type of research to other countries. The absence of reliable data on ownership of the public debt reinforces the need for a global registry that tracks the distribution of financial wealth.
Topic:
Debt, Capitalism, Inequality, Austerity, Public Debt, and Ownership
Political Geography:
Global Focus

146. Breaking the Link Between Housing Cycles, Banking Crises, and Recession

Author:
Avinash Persaud
Publication Date:
03-2016
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
The housing market lies at the center of the biggest banking crises across the world. The recessions that follow these banking crises are generally deeper and longer than others. The collapse of housing prices amid rising unemployment is a major source of inequality. This working paper explains how the nexus between housing, banking, and the economy can be broken. It shows that two modest regulatory changes would result in life insurers and pension funds providing mortgage finance, which would better insulate the economy and homeowners from the housing cycle than financing from banks or markets can.
Topic:
Global Recession, Inequality, Economy, Housing, and Banking
Political Geography:
Global Focus

147. Extreme Carbon Inequality: Why the Paris climate deal must put the poorest, lowest emitting and most vulnerable people first

Author:
Timothy Gore
Publication Date:
12-2015
Content Type:
Policy Brief
Abstract:
Climate change is inextricably linked to economic inequality: it is a crisis that is driven by the greenhouse gas emissions of the ‘haves’ that hits the ‘have-nots’ the hardest. While COP21 in Paris will see a deal negotiated between governments on the basis of the total emissions produced in their territories, the real winners and losers will be their citizens. The true test of the deal will be whether it delivers something for the poorest people who are both the least responsible for and the most vulnerable to climate change, wherever they live. In this briefing Oxfam presents new data analysis that demonstrates the extent of global carbon inequality by estimating and comparing the lifestyle consumption emissions of rich and poor citizens in different countries. See also the technical briefing on the methodology and the data sets.
Topic:
Climate Change, Economics, Politics, Poverty, and Inequality
Political Geography:
Global Focus

148. Game-Changers in the Paris Climate Deal: What is needed to ensure a new agreement helps those on the front lines of climate change

Author:
Tracy Carty
Publication Date:
11-2015
Content Type:
Working Paper
Abstract:
There is likely to be a climate deal in Paris. The emission pledges that more than 150 governments have put on the table this year show that global climate ambition is increasing. But much more is needed, as it’s a deal that could still lead to around 3°C of warming. New Oxfam-commissioned research estimates that compared with 2°C, developing countries could be faced with an additional $600bn per year in economic losses by 2050, and see their adaptation finance needs raised by almost $300bn per year by the same date. But there is still scope for a stronger deal. In this media briefing Oxfam looks at potential game-changers on finance and mitigation ambition that could avert these costs for the world’s poorest people. These are the issues that will determine whether the Paris deal reflects the power of the biggest fossil fuel emitters and elites, or is a turning point which starts to address the needs of the poorest and most vulnerable.
Topic:
Climate Change, Energy Policy, Politics, Reform, Inequality, and Finance
Political Geography:
Global Focus

149. ECOWAP: A Fragmented Policy. Development partners and regional institutions should address leadership and coordination issues in order to build a common agricultural policy for West Africa

Author:
Tracy Carty
Publication Date:
11-2015
Content Type:
Policy Brief
Abstract:
There is likely to be a climate deal in Paris. The emission pledges that more than 150 governments have put on the table this year show that global climate ambition is increasing. But much more is needed, as it’s a deal that could still lead to around 3°C of warming. New Oxfam-commissioned research estimates that compared with 2°C, developing countries could be faced with an additional $600bn per year in economic losses by 2050, and see their adaptation finance needs raised by almost $300bn per year by the same date. But there is still scope for a stronger deal. In this media briefing Oxfam looks at potential game-changers on finance and mitigation ambition that could avert these costs for the world’s poorest people. These are the issues that will determine whether the Paris deal reflects the power of the biggest fossil fuel emitters and elites, or is a turning point which starts to address the needs of the poorest and most vulnerable.
Topic:
Climate Change, Economics, Energy Policy, Inequality, and Finance
Political Geography:
Global Focus

150. Social Interaction Models and Keynes’ Macroeconomics

Author:
Duncan Foley
Publication Date:
04-2015
Content Type:
Working Paper
Institution:
Institute for New Economic Thinking (INET)
Abstract:
The central concepts of Keynes’ macroeconomic theories concerning the behavior of labor markets, aggregate demand, and asset pricing can be formulated as special cases of a general social interaction model. In its simplest form this model analyzes a system of interacting identical agents, each of whom controls the level of an action, and all of whom have the same utility functions trading off the effort required by the action with the monetary incentives for it. When the incentives include an interaction term involving the action levels of the other agents, the equilibrium outcome is in general Pareto-inefficient for the interacting agents, and multiple equilibria are possible. The expectations that lie at the heart of Keynes’ conception of macroeconomic equilibrium concern the behavior of other individuals rather than concrete forecasts of the concrete path of prices.
Topic:
Economics, Inequality, Microeconomics, Keynes, and Behavior
Political Geography:
Global Focus