Time to Overhaul the Global Financial System

Dec 3, 2021 Jeffrey D. Sachs

For low- and lower-middle-income countries to pursue their development goals and do their part in tackling problems like climate change, they need to be able to borrow reliably on decent market terms. Yet the current two-tiered global financial system extends this privilege almost exclusively to rich countries.

https://www.project-syndicate.org/commentary/global-financial-system-death-trap-for-developing-countries-by-jeffrey-d-sachs-2021-12?utm_source=Project+Syndicate+Newsletter&utm_campaign=fde3c94926-sunday_newsletter_05_12_2021&utm_medium=email&utm_term=0_73bad5b7d8-fde3c94926-106440339&mc_cid=fde3c94926&mc_eid=4ddf8a88ec