|
A New Global
Consensus
Reeling from a devastating crisis,
questioning the economic assumptions of a generation, the
international community gathers to address the challenges of the day
and ends up forging a new global economic framework.
1944: The Bretton Woods Conference,
at which policymakers defined the post–World War II order of fixed
exchange rates and international economic relations.
2021: The June 11–13 G7 summit in
Cornwall, where the Group of Seven countries could create a new
economic order for a post-COVID world.
We’re in a Bretton Woods moment,
explains
Roosevelt President & CEO Felicia Wong—who serves as the US representative on the
G7
Economic Resilience Panel.
“The Cornwall summit comes at a
time that’s likely to define a generation of policymaking,” she
writes. “Without international consensus on a new worldview and rules
framework, we won’t be able to tackle the existential, intertwining
crises facing our planet.”
Read on for four
policies she says could define a post-neoliberal
approach.
And for more from Wong, read her
new essay in Ms.
Magazine: Asian American Power Is Necessary to
Make AAPI Women Fully Visible.
 The Latest Jobs Numbers, in
Perspective
Ahead of today’s
jobs
report,
Roosevelt’s Mike Konczal and J.W. Mason had a gentle reminder for
reporters and analysts: “The trend is our friend.”
As they argue on
the blog, zooming
out from the monthly jobs numbers shows a heartening trajectory—but
one that policymakers could imperil with rash action. “The big picture
over the past year is a rapid recovery of employment as
pandemic-related restrictions have been lifted,” they
write.
“The biggest danger right now is
not a month or two of surprisingly low (or high, for that matter)
employment growth, but a panicked overreaction that pulls away support
for the recovery—by, for instance, cutting unemployment
benefits—before it is fully underway.”
Read on for their three tips for interpreting the jobs
numbers.
|
A Climate-Forward
Future
