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A Multicolored New Deal — Jayati Ghosh

Summary:
The COVID-19 pandemic has intensified socioeconomic disparities between and within countries around the world, offering a disturbing preview of what awaits us on a warming planet. To get ahead of both current and looming crises, the world must commit to a recovery agenda that is not only green, but also blue, purple, and red.… In a world facing war, disease, famine, and natural disasters–exacerbated by climate change, a comprehensive new deal that addresses the needs of people and the environment is called for.This involves addressing rising inequality in an increasingly dysfunctional world system, including the global economy and a fragile ecosystem.What we are doing now is not working for all, and if it continues, it won't be working for anyone.Project SyndicateA Multicolored New Deal

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The COVID-19 pandemic has intensified socioeconomic disparities between and within countries around the world, offering a disturbing preview of what awaits us on a warming planet. To get ahead of both current and looming crises, the world must commit to a recovery agenda that is not only green, but also blue, purple, and red.…
In a world facing war, disease, famine, and natural disasters–exacerbated by climate change, a comprehensive new deal that addresses the needs of people and the environment is called for.

This involves addressing rising inequality in an increasingly dysfunctional world system, including the global economy and a fragile ecosystem.

What we are doing now is not working for all, and if it continues, it won't be working for anyone.

Project Syndicate
A Multicolored New Deal
Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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