What changes in the international economic system are needed if we are to achieve more inclusive and sustainable outcomes? According to Dr. Richard Kozul-Wright, Director of Globalization and Development at the United Nations Conference on Trade and Development (UNCTAD), who gave a Kapuscinski development lecture at the Faculty of Social Sciences (University of Ljubljana, Slovenia) achieving this goal in light of recent polycrises necessitates multiple actions: (1) a reform of the international financial system, (2) harmonization of the international trade and investment system, and (3) an increase in development financing. He outlined multiple reforms that should be introduced at the international level, such as expanding the work on and coordination of policies, preventing corporate tax avoidance, developing a comprehensive debt relief program and rules to help debt-ridden countries in the future, establishing a properly resourced global climate bank to support green transition globally, and introducing a Green Marshall Plan. Several members of the Centre of International Relations (Faculty of Social Sciences, University of Ljubljana, Slovenia) worked on preparing the event: Prof. Dr. Andreja Jaklič, Prof. Dr. Maja Bučar and Assist. Prof. Dr. Jana Arbeiter. Assist. Prof. Dr. Matjaž Nahtigal from the Chair of International Relations at the same Faculty also collaborated.
More insights from the discussion can be found here.
