New Economy and Finance

Ten years after the outbreak of the most serious and destructive economic crisis since 1929, the world is slowly recovering from its effects. Although the economies of many countries have begun to grow, the rise in extreme inequality continues throughout the world.

Ten years after the outbreak of the most serious and destructive economic crisis since 1929, the world is slowly recovering from its effects. Although the economies of many countries have begun to grow, the rise in extreme inequality continues throughout the world.

The economic crisis also hurt developing countries: their income decreased due to the drop in international trade and foreign investments, remittances, because of higher interest rates on loans, and, unfortunately, from a reduction in development aid from advanced countries. An important subject was the mobilisation of countries’ own funds for development, and hence the reform of the international tax system, from which developing countries are also suffering.

However, the economic crises had more than just economic impacts. In connection with the growth of inequality, the crisis of identity and post-material uncertainty, we have also been witness to dramatic political changes that have literally shaken the system as we know it.

To a certain extent, the financial crisis and its economic and political effects called into question the prevailing economic paradigm of recent decades. In an effort to foster a discussion on potential alternatives to the current economic and political model and the threats that the financial, economic and today’s political crisis represent for the poorest communities, Glopolis is focusing its work first and foremost on:

an analysis of the deeper causes of the current situation, the main economic problems and their impacts on rich and developing countries

in connection with the subjects listed above, we monitor development in the EU and to a certain extent also on the global level (the UN, G20, etc.)

participation in the debate on topics such as the reform of the international tax system and support for smart and sustainable investments on the national, European and international level

the formulation of our own conclusions and recommendations that defend the interests and needs of the poorest communities in the search for ways out of the crisis and efforts to include them in the public debate and in political decision-making.