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Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Covid-19 further exposes inequalities in the global financial system

Friday, December 18, 2020 > 10:48:18
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Quartz



To stem the economic fallout from Covid-19, developed countries have injected an unprecedented $9 trillion into their economies.



The International Monetary Fund has recommended sustained fiscal support, emphasizing greater spending on healthcare and environmental protection projects.



Meanwhile, countries in the “global south”—broadly, low- and middle-income countries in Latin America, Asia, and Africa—face more dire circumstances. They don’t have the ability to inject that level of cash into their economies.



And it’s not only because their economies are poorer.



As an economics professor, I focus on the systemic inequalities in the global financial system that block such access in developing economies.



With a greater public awareness of soaring inequality within countries, it is also important to recognize the deep imbalances across the global financial system.



Read more here


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