Economies grow better when they are more equal, and taxation is a powerful tool to help reduce inequalities. But increasingly, the international tax system is doing the opposite of that by allowing corporations and the world's wealthiest people to avoid paying their fair share. The Tax Justice Network estimates the combined global revenue losses from cross-border tax abuse by people with undeclared offshore assets and of multinational companies amount to some $483 billion a year. Alex Cobham is Chief Executive of the Tax Justice Network, and in this podcast, he speaks with journalist Rhoda Metcalfe about his article Taxing for a New Social Contract in Finance and Development. Transcript: https://bit.ly/3sG6rMI
Read the article at IMF.org/fandd
Fragility and conflict have forced hundreds of millions of people to live outside of state control without access to basic services. And with violent conflict on the rise, two-thirds of the world's poorest could soon be living in fragile and conflict affected states. The International Committee of the Red Cross is one of the world's most important providers of humanitarian assistance and works at the front line of most conflicts across the globe. In this podcast, ICRC President, Peter Maurer discusses the importance of including the expertise of economists in their humanitarian work and the significance of the IMF's new strategy to strengthen its support to fragile and conflict affected states.
Becoming an economist in the 1970s- for a woman, was a lonely road. When Clair Brown joined the Department of Economics at UC Berkeley in 1974 alongside people like Nobel laureate George Akerlof, she was the only female faculty member. But thanks to Brown's prodding, the department hired more women and Berkeley has since become well known for its female economists. Brown has always seen the power of diversity in her work. In 2013 she helped create a new graduate program called Development Engineering that teams engineers with economists to develop technologies that benefit developing regions. Today, she's advocating for a new, more sustainable approach to economic thinking in her book, Buddhist Economics. Journalist, Rhoda Metcalfe spoke with Clair Brown for our special series on extraordinary Women in Economics. Transcript: https://bit.ly/388DzG3