May 4, 2021
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11 ways to align global economic governance with green new deal
(Credit: Unsplash)
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.
Author: Thomas Hale, Associate Professor of Public Policy, Blavatnik School of Government, University of Oxford
The clock is ticking to achieve global climate targets amid a devastating pandemic and financial crisis.
To aid recovery and the transition to a green economy we need global economic governance to enable transformation and stimulus at a national level.
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By Akanimo Sampson
Contrary to expectations, the United Nations trade agency has reported a growth in the demand for container shipping during the COVID-19 pandemic, an indication that the sector bounced back quickly from an initial slowdown.
United Nations Conference on Trade and Development (UNCTAD) policy brief says “changes in consumption and shopping patterns triggered by the pandemic, including a surge in electronic commerce, as well as lockdown measures, have in fact led to increased import demand for manufactured consumer goods, a large part of which is moved in shipping containers.”
Maritime trade flows further increased as some governments eased lockdowns and approved national stimulus packages, and businesses stocked up in anticipation of new waves of the pandemic.
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Continuing the trend toward increased oversight of forced labor
in supply chains (see our post from last week on groundbreaking German
legislation in this space), on March 18, 2021, the US Senate
Finance Committee will hold a hearing on fighting forced
labor. Specifically, the hearing will focus on [c]losing the loopholes and improving customs enforcement to
mandate clean supply chains and protect workers. This may
signal a continued trend in the US to combat forced labor in the
supply chains of domestically imported products.
This trend began in February 2016, when President Obama signed