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  • Publication Date: 01-2021
  • Content Type: Commentary and Analysis
  • Institution: Oxford Economics
  • Abstract: The rising value of remittance flows into developing countries in recent years is often not widely appreciated. At a macro level, remittances support growth and are less volatile than other private capital flows, tending to be relatively stable through the business cycle. At a micro level, remittances benefit recipient households in developing countries by providing an additional source of income and lower incidences of extreme poverty. Remittances act as a form of 'social insurance', supporting households' capabilities to resist economic shocks. Remittances help recipient households to increase spending on essential goods and services, invest in healthcare and education, as well as allowing them to build their assets, both liquid (cash) and fixed (property), enhancing access to financial services and investment opportunities. Understanding the role and importance of remittances is particularly important at the current juncture, with the global economy experiencing a uniquely sharp and synchronized shock as a result of COVID-19. This report examines the available evidence on remittance flows and their potential economic effects. The report explores and shows how remittance flows remain a crucial lifeline in supporting developing economies through the current pandemic crisis and into the recovery. Although remittances slowed during the pandemic, they remained more resilient than other private capital flows, making them even more important as a source of foreign inflows for receiving countries. While the World Bank estimates that remittance flows to developing countries (low-and-middle income economies) contracted by 7.0% in 2020, this decline is likely to have been far less severe than the downturn in private investor capital. Looking forward, the World Bank predicts that remittance flows to developing countries will contract by a further 7.5% in 2021. But the outlook remains subject to a high degree of uncertainty with both upside and downside risks. A wider set of dynamics – including central bank data outturns for 2020, economic outlooks for the world economy in 2021, survey data and remittance consumer market fundamentals – suggest that while there are downside risks, there is also potential that 2020 and 2021 will not turn out as weak as predicted by the World Bank and for a period of strong remittance growth in the medium-term as sender economies recover and demand from developing economies remains high.
  • Topic: Development, Recovery, Economic Development , Pandemic, COVID-19
  • Political Geography: Global Focus
  • Author: Ignacio Saiz
  • Publication Date: 01-2021
  • Content Type: Commentary and Analysis
  • Institution: Institute for Development and Peace
  • Abstract: Of the many dimensions of inequality that the COVID-19 pandemic has magnified, inequality between countries is one of the most glaring, yet one of the least effectively addressed. While the pandemic’s immediate health impacts have been felt in countries across all income levels, its eco- nomic consequences have been particularly dev- astating in countries of the Global South. Fuelling these inequalities is the disparity of resources that countries count on to respond to the crisis. International cooperation has never been more essential to address this disparity and enable all countries to draw on the resources they need to tackle the pandemic and its economic fallout. Besides the provision of emergency financial support, wealthier countries and international financial institutions (IFIs) need to cooperate by lifting the barriers their debt and tax policies and practices impose on the fiscal space of low- and middle-income countries. As this article explores, such cooperation is not only a global public health imperative. It is also a binding human rights obli- gation. Framing it as such could play an impor- tant role in generating the accountability and political will that has so far been sorely lacking.
  • Topic: Fiscal Policy, Public Health, Pandemic, COVID-19
  • Political Geography: Global Focus
  • Author: Dominic Sachsenmaier
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: The Toynbee Prize Foundation
  • Abstract: Living through historically unprecedented times has strengthened the Toynbee Prize Foundation's commitment to thinking globally about history and to representing that perspective in the public sphere. In this multimedia series on the covid-19 pandemic, we will be bringing global history to bear in thinking through the raging coronavirus and the range of social, intellectual, economic, political, and scientific crises triggered and aggravated by it. Dominic Sachsenmaier, the President of the Toynbee Prize Foundation, is Chair Professor of Modern China with a Special Emphasis on Global Historical Perspectives in the Department of East Asian Studies at the University of Göttingen. His expertise centers on global and transnational Chinese history, with a focus on Chinese concepts of society and multiple modernities, among other topics. He is co-editor of the Columbia University Press book series “Columbia Studies in International and Global History“ and an elected member of the European Academy of Sciences and Arts.
  • Topic: Health, International Affairs, Geopolitics, Global Focus, Coronavirus, Pandemic, COVID-19
  • Political Geography: China, Asia, Global Focus
  • Author: Erez Manela
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: The Toynbee Prize Foundation
  • Abstract: Living through historically unprecedented times has strengthened the Toynbee Prize Foundation's commitment to thinking globally about history and to representing that perspective in the public sphere. In this multimedia series on the covid-19 pandemic, we will be bringing global history to bear in thinking through the raging coronavirus and the range of social, intellectual, economic, political, and scientific crises triggered and aggravated by it. Erez Manela researches international society and the modern international order. Recently he has written about smallpox and the globalization of development, illuminating the power structures and international infrastructure that underwrote the World Health Organization’s (WHO) smallpox eradication program from 1965 to 1980. Professor of History at Harvard University, Prof. Manela teaches the history of the United States in the world and modern international history, and is the Director of Graduate Programs at the Weatherhead Center for International Affairs at Harvard and co-chair of the Harvard International and Global History seminar. He co-edits the Cambridge University book series ‘Global and International History.’
  • Topic: Health, World Health Organization, Geopolitics, Public Health, Coronavirus, Pandemic, COVID-19
  • Political Geography: Global Focus
  • Author: Dipesh Chakrabarty
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: The Toynbee Prize Foundation
  • Abstract: Living through historically unprecedented times has strengthened the Toynbee Prize Foundation's commitment to thinking globally about history and to representing that perspective in the public sphere. In this multimedia series on the covid-19 pandemic, we will be bringing global history to bear in thinking through the raging coronavirus and the range of social, intellectual, economic, political, and scientific crises triggered and aggravated by it. Toynbee Prize Awardee Dipesh Chakrabarty is the Lawrence A. Kimpton Distinguished Service Professor of History, South Asian Languages and Civilizations, and the College at University of Chicago. He is a founding member of the editorial collective of Subaltern Studies, a consulting editor of Critical Inquiry, a founding editor of Postcolonial Studies, and has served on the editorial boards of the American Historical Review and Public Culture, among others. His distinctions, publications, and awards are too numerous to mention; the landmark work for which he is perhaps best known, Provincializing Europe: Postcolonial Thought and Historical Difference (Princeton, 2000; second edition, 2008), has been translated into Italian, French, Polish, Spanish Turkish, and Korean and is being brought out in Chinese. Included among his vast range of research interests are the implications of climate change science for historical and political thought and, most relevant for our discussion today, the Anthropocene.
  • Topic: Climate Change, Coronavirus, Pandemic, COVID-19, Ecology, Anthropocene
  • Political Geography: Global Focus
  • Author: Jeremy Adelman, Or Rosenboim, Jamie Martin, Cindy Ewing, Akita Shigeru
  • Publication Date: 06-2020
  • Content Type: Commentary and Analysis
  • Institution: The Toynbee Prize Foundation
  • Abstract: Living through historically unprecedented times has strengthened the Toynbee Prize Foundation's commitment to thinking globally about history and to representing that perspective in the public sphere. In this multimedia series on the COVID-19 pandemic, we will be bringing global history to bear in thinking through the raging coronavirus and the range of social, intellectual, economic, political, and scientific crises triggered and aggravated by it.
  • Topic: Geopolitics, Coronavirus, Pandemic, COVID-19
  • Political Geography: Global Focus
  • Author: Glenda Sluga, Jie-Hyun Lim, Lauren Benton, Hsiung Ping-chen
  • Publication Date: 05-2020
  • Content Type: Commentary and Analysis
  • Institution: The Toynbee Prize Foundation
  • Abstract: Living through historically unprecedented times has strengthened the Toynbee Prize Foundation's commitment to thinking globally about history and to representing that perspective in the public sphere. In this multimedia series on the COVID-19 pandemic, we will be bringing global history to bear in thinking through the raging coronavirus and the range of social, intellectual, economic, political, and scientific crises triggered and aggravated by it.
  • Topic: History, Geopolitics, Coronavirus, Pandemic, COVID-19
  • Political Geography: Global Focus
  • Author: Theodore M. Brown
  • Publication Date: 09-2020
  • Content Type: Commentary and Analysis
  • Institution: The Society for Historians of American Foreign Relations (SHAFR)
  • Abstract: A little more than two months ago, U.S. President Donald Trump began to lash out at the World Health Organization, blaming it for what he claimed were missteps, failures, and prevarications in its handling of the coronavirus pandemic. Then, on April 14, after several days of threats, he announced that U.S. funding for the WHO would be frozen for sixty to ninety days while his administration conducted a review to “assess the World Health Organization’s role in severely mismanaging and covering up the spread of coronavirus.” Widely seen as a transparent attempt to deflect attention from his own inconsistent, incompetent, and irresponsible response to the crisis, Trump’s threatened withdrawal of funds from the WHO at a critical moment drew widespread condemnation from medical and public health leaders. Richard Horton, the editor-in-chief of Lancet, called Trump’s decision a “crime against humanity.” Dr. Georges Benjamin, the executive director of the American Public Health Association, “denounced” the Trump administration’s decision to halt U.S. contributions to the WHO, which, he said, would “cripple the world’s response to COVID-19 and would harm the health and lives of thousands of Americans.”
  • Topic: International Cooperation, World Health Organization, Coronavirus, Pandemic, COVID-19
  • Political Geography: United States, Global Focus
  • Author: Renee M. Earle
  • Publication Date: 08-2020
  • Content Type: Commentary and Analysis
  • Institution: American Diplomacy
  • Abstract: A few weeks ago, on July 4, we Americans celebrated our country and its freedoms, and we clearly have much to be grateful for – and also much to ponder. Seen both from within the U.S. and from much of the rest of the world, early Massachusetts Colonialist John Winthrop’s idealized “city on the hill” where “the eyes of the people will be upon us,” no longer looks as bright, and this should worry us. Much has been written to lament America’s retreat from the world stage during the current administration, which has been driven apparently by the mistaken notion that the U.S. can escape what affects the rest of the world simply by opting out or by saber rattling to get its way. But the longer the U.S. continues down this path, the question changes from whether the U.S. will want to reassume its 20th century role to whether the rest of the world will be willing to welcome back the America it perceives today. To watchers around the globe the America that led the world to increases in stability, prosperity, democracy, and human rights has disappeared in the trashing of international treaties and trade agreements, riots against racial discrimination, police violence, and our inability to deal effectively with the corona virus pandemic.
  • Topic: International Relations, Diplomacy, Pandemic, COVID-19
  • Political Geography: Global Focus, United States of America
  • Author: Ida Rudolfsen
  • Publication Date: 07-2020
  • Content Type: Commentary and Analysis
  • Institution: Political Violence @ A Glance
  • Abstract: According to the World Food Program’s (WFP) latest report, the COVID-19 pandemic will lead to an 82 percent increase in global food insecurity, affecting around 270 million people by the end of the year. On June 29, the organization announced it is undertaking its largest humanitarian effort to assist an increasing number of food-insecure low- and middle-income countries. In a statement about the plan, WFP Executive Director David Beasley said that “until the day we have a medical vaccine, food is the best vaccine against chaos. Without it, we could see increased social unrest and protests, a rise in migration, deepening conflict, and widespread under-nutrition among populations that were previously immune from hunger.”
  • Topic: Food, Food Security, Hunger, Pandemic, COVID-19, World Food Program (WFP)
  • Political Geography: Global Focus