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2. The Inequality Crisis in East Africa: Fighting austerity and the pandemic
- Author:
- Anthony Kamande and Matthew Martin
- Publication Date:
- 02-2022
- Content Type:
- Research Paper
- Institution:
- Oxfam Publishing
- Abstract:
- The COVID-19 pandemic has pushed millions into poverty in East Africa, and worsened inequality. The economic crisis continues, due to the obscene global vaccine inequality, which means that only 4% of East African citizens had been fully vaccinated against COVID-19, compared with 71% in high-income countries by mid-January2022. Many East African governments were already hamstrung by high debt and budget deficits before the pandemic, preventing them from responding with large recovery programmes. Other governments did increase spending, but five are now forecasting major budget cuts for 2022–26. These cuts will stop them combating the increases in poverty and inequality that have resulted from COVID-19. However, building back during and after the pandemic offers East African governments a once-in-a-generation opportunity to do what their citizens want: make their economic systems fairer by increasing taxes on wealthy and large corporations, boost public spending (especially on healthcare, education and social protection), and improving workers’ rights. With external support, including through comprehensive debt relief and more aid, they can reduce inequality drastically and eliminate extreme poverty by 2030.
- Topic:
- Inequality, Pandemic, COVID-19, and Labor Rights
- Political Geography:
- Africa and East Africa
3. Not in This Together: How supermarkets became pandemic winners while women workers are losing out
- Author:
- Anouk Franck and Art Prapha
- Publication Date:
- 06-2021
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- Inequality is worsening and exploitation of women is endemic across the global economy. While inequality of power and value was already deeply unfair before the pandemic, it has now reached shocking proportions. COVID-19 has cost global workers $3.7 trillion in lost income, and women and young workers have been hardest hit, as they are often found in the most insecure and lowest-paid jobs. Few places reveal this trend more clearly than supermarket supply chains. In stark contrast to the escalating human misery brought by the pandemic, the supermarket sector has largely been the standout winner of the crisis. Senior executives, the largest institutional investors, and mostly wealthy shareholders of global supermarkets continue to be rewarded with business-as-usual high compensation and dividends. In fact, during the pandemic, publicly listed supermarkets distributed 98% of net profits to their shareholders via dividends and share buybacks. Meanwhile, workers and producers, especially women, across the globe – the people we call ‘essential’ or ‘frontline’ workers – have seen their incomes stagnate or even fall, while their rights continue to be violated.
- Topic:
- Inequality, Pandemic, COVID-19, Labor Rights, and Gender
- Political Geography:
- Global Focus