Category Archive: Opinion

Feminist Economics for All

Image: Project Syndicate

By Mercedes D’Alessandro

It may seem obvious to a layperson that failing to support an economy’s labor force must come at a cost. Yet conventional economic models render nearly invisible – or simply wave aside – a dimension of inequality that pervades economic policymaking and macroeconomic outcomes.

Not everyone has lost out from the “polycrisis” that we are now enduring. Perversely, both extreme wealth and extreme poverty have increased simultaneously for the first time in 25 years. Worse, a host of other problems also now demand our immediate attention – from high and rising debt and increasing job precarity to inflation, climate change, and food insecurity.

To reconfigure our economies for growth and sustainable development, we must go back to the intellectual drawing board to identify elements of economic theory and practice that have been overlooked. For example, even though the pandemic exposed deep flaws in how we think about care, many governments and businesses continue to neglect this dimension of the economy.

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The Food-System Revolution is Coming

Image: Project Syndicate

By Robin Willoughby and Nico Muzi

Demographic, environmental, and consumer factors have brought the global agriculture sector to a crossroads. To avoid political hazards, decision-makers in government, industry, and civil society will need to heed the lessons from major transitions in other industries and start preparing.

Disruption is coming to the agriculture sector. Around the world, livestock farmers are leaving the land, policymakers are targeting the harmful environmental and social effects of industrial meat production, and consumers are shifting away from meat to embrace healthier, more sustainable alternatives. With the sector approaching a crossroads, decision-makers in government, industry, and civil society will need to heed the lessons from major transitions in other industries and start preparing.

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The Digital Government Agenda North America Needs

Image: Geoffrey A. Fowler/The Washington Post via Getty Images/Project Syndicate

By Anne-Marie Slaughter and Alberto Rodríguez Alvarez

Canada, Mexico, and the United States have a chance to forge a regional agenda to position North America as a global leader in digital government services. Having already established a solid foundation for cooperation, they must now build on it.

In Ukraine today and in many other conflicts around the world, the digital domain has become a battleground for cyberattacks and information warfare. Even in normal daily life, digital platforms can endanger citizens and democracies by encroaching on individual privacy, manipulating consumer attention, fostering social isolation, and nurturing extremism. But, while not downplaying these harms, we should also remind ourselves of the many good things that today’s new technologies offer.

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Se necesita del liderazgo femenino para alcanzar la justicia climática

Image: Project Syndicate/ Fadel Senna/AFP via Getty Images

Por Laura Chinchilla y María Fernanda Espinosa

El mundo está muy consciente de que la crisis climática es uno de los principales escollos para el desarrollo sostenible. Y, sin embargo, a pesar de las dramáticas pruebas sobre las consecuencias letales del cambio climático, y a pesar de poseer los conocimientos, las tecnologías y los recursos para dar solución al mismo, continuamos en el mismo camino de altas emisiones de carbono que amenaza nuestra supervivencia.

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The Subordination of Women in Texas

Image: Project Syndicate

By Chiara Cordelli and Aziz Huq

Texas’s new abortion law subjects women to heightened surveillance and the whims of private parties. If the US Supreme Court upholds the law, it will set back gender relations to an era that precedes the living memory of most Americans.

In 1984, the late US Supreme Court Justice Ruth Bader Ginsburg gave a lecture on why Roe v. Wade, the Court’s 1973 decision recognizing a constitutional right to abortion, was wrongly decided. The case, she explained, should never have been framed as a matter of privacy or reproductive choice alone: Abortion was at bottom a question of gender equality.

Thirty-seven years later, Texas is proving Ginsburg’s point with its draconian and potentially transformative abortion law. If the Supreme Court upholds the law – it just heard oral arguments on whether to permit two legal challenges to proceed – it will set back gender relations to an era that precedes the living memory of most Americans.

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Película de monstruos en América Latina

Evaristo Sa/AFP via Getty Images

Por Andrés Velasco

Los latinoamericanos tenemos muchos talentos. Uno de ellos es la notable aptitud para gobernarnos mal, como lo ha puesto de manifiesto la pandemia. Seis de los 20 países con más muertes per cápita del mundo a causa del Covid-19 se encuentran en América Latina. Perú encabeza la lista y Brasil ocupa el octavo lugar.

Sin duda que la pobreza, la escasez de camas en los hospitales, y las hacinadas condiciones de vivienda, contribuyeron a la diseminación del virus, pero estos factores por sí solos no explican por qué la región lo ha hecho tan mal. Muchas naciones de Asia y de África padecen de los mismos problemas, pero sufrieron menos muertes per cápita. Incluso países que vacunaron a su población tempranamente, como Chile, –o que al principio de la pandemia parecían exitosos, como Uruguay– han terminado con un desempeño mediocre.

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El Salvador’s Bitcoin Folly

Image: Project Syndicate

By Jeffrey Frankel

Many aspects of cryptocurrencies are baffling, not least the success of a joke like Dogecoin. But El Salvador’s recent adoption of Bitcoin as legal tender alongside the US dollar is perhaps the strangest and potentially most worrying example of all.

El Salvador this month [September 2021] became the first country to adopt a cryptocurrency – in this case, Bitcoin – as legal tender. I say the first, because others might follow. But they should think twice, because the idea is highly dubious – and likely to be economically dangerous for developing countries in particular.

I will admit that I don’t understand the need for cryptocurrencies at all. Like many economists, I fail to see what problem they solve. They aren’t well designed to fulfill any of the classic functions of money – a unit of account, store of value, or means of payment – because their prices are so extraordinarily volatile. This volatility is not surprising, because cryptocurrencies are backed neither by reserves nor by the reputation of a well-established institution, such as a government or even a private bank or other trusted corporation.

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