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Analysis

Food Systems – Food Systems on the Edge (Project-Syndicate)

Barbara Unmüßig

Those most affected by the negative consequences of large-scale industrialized food production must play a vital part in discussing how to transform it. The world therefore needs a people’s Food Systems Summit that aims to end hunger and malnutrition, protect ecosystems, and provide small farmers with a decent livelihood.

Food Systems on the Edge by Barbara Unmüßig – Project Syndicate (project-syndicate.org)

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Analysis

Decarbonizing Industry – How to decarbonize heavy-duty transport and make it affordable (WEF)

Renewable electricity grid increases EV sustainability. Source: ABB.

Renewable electricity grid increases EV sustainability. Source: ABB

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  • Heavy-duty trucks are responsible for 25% of global road emissions, despite only representing 1% of total fleet vehicles.
  • To successfully decarbonize heavy-duty transportation the public and private sector must join forces.
  • We outline how a collaborative effort can overcome existing barriers to build a sustainable and affordable industry.

Decarbonizing heavy-duty transport and making it affordable | World Economic Forum (weforum.org)

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Analysis

Global – Will COVID-19 mark the end of the old international order? (Brookings)

Thomas Wright and David Dollar

The COVID-19 pandemic has been the greatest shock to the international order in decades, and unlike previous shocks, major powers like the United States did not step up to lead the world through it. Thomas Wright joins this episode to explain how that leadership vacuum shaped the pandemic response and has contributed to the rewriting of the postwar order.

Will COVID-19 mark the end of the old international order? (brookings.edu)

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Analysis

Global – From Proxy Wars to Proxy Diplomacy (Valdai Discussion Club)

Timofei Bordachev

The beginning of August was marked by two events that, in the absence of their fundamental significance for the global agenda, are essential for understanding what international politics may look like in the future. First, there was a de facto rupture of relations between China and the small Baltic state of Lithuania after the authorities of the latter made a decision to de facto recognise the sovereignty of Taiwan, which Beijing considers part of the People’s Republic of China. Second, this is the first anniversary of the stormy internal political events in Belarus that followed presidential elections which were not recognised by the United States or the European Union and caused discontent among a significant part of Belarusian society.

From Proxy Wars to Proxy Diplomacy — Valdai Club

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Analysis

Global/Big Tech – Big Tech Flies Too Much (Project-Syndicate)

RICHARD GOKRUN

Five of the ten largest buyers of corporate air travel in the US are technology companies. Microsoft and other Big Tech firms owe it to the planet – and to their shareholders – to commit to maintain permanently their pandemic-affected 2020 flight levels.

Big Tech Flies Too Much by Richard Gokrun – Project Syndicate (project-syndicate.org)

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Analysis

Global/Oil Demand – IEA sees COVID blow to oil demand in 2021, surplus in 2022 (Al Jazeera)

The International Energy Agency now predicts global oil demand will rise 5.3 million barrels per day on average to 96.2 million bpd in 2021, a downward revision that is due in part to the spread of the Delta variant of the coronavirus [File: Andrey Rudakov/Bloomberg]

The International Energy Agency now predicts global oil demand will rise 5.3 million barrels per day on average to 96.2 million bpd in 2021, a downward revision that is due in part to the spread of the Delta variant of the coronavirus [File: Andrey Rudakov/Bloomberg]

Kaelyn Forde

The outlook for global oil markets darkened on Thursday after the International Energy Agency (IEA) said that slowing demand for crude in the wake of restrictions imposed to curb the fast-spreading Delta variant is colliding with a recent increase in global crude production. But the news is likely to be welcomed by the White House, which on Wednesday prodded the Organization of the Petroleum Exporting Countries (OPEC) to open the oil taps further, which would help lower petrol prices in the United States during the height of the summer driving season.

IEA sees COVID blow to oil demand in 2021, surplus in 2022 | Coronavirus pandemic News | Al Jazeera

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Analysis

Global/Labor Market – Remote work wanted? Evidence from job postings during COVID-19 (Brookings)

José Morales-Arilla and Carlos Daboin Contreras

As the COVID-19 pandemic pushed firms to comply with social distancing guidelines, the relative demand for work that could be performed from home was expected to increase. However, while employment in “remotable” occupations was relatively resilient during the pandemic, online job postings—which measure demand for new hires—for these occupations dropped disproportionately. This apparent contradiction is not explained by prior job “churning” in “non-remote” jobs, nor by the recomposition of the labor market across economic sectors. The underperformance of postings in “remotable” jobs during the pandemic concentrates in essential occupations and occupations with high returns to experience.

Remote work wanted? Evidence from job postings during COVID-19 (brookings.edu)

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Analysis

Global/International Travel – The COVID-19 travel shock hit tourism-dependent economies hard (Brookings)

export of services

Gian Maria Milesi-Ferretti

The COVID crisis has led to a collapse in international travel. According to the World Tourism Organization, international tourist arrivals declined globally by 73 percent in 2020, with 1 billion fewer travelers compared to 2019, putting in jeopardy between 100 and 120 million direct tourism jobs. This has led to massive losses in international revenues for tourism-dependent economies: specifically, a collapse in exports of travel services (money spent by nonresident visitors in a country) and a decline in exports of transport services (such as airline revenues from tickets sold to nonresidents).

The COVID-19 travel shock hit tourism-dependent economies hard (brookings.edu)

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Analysis

Global – Putting Public Investment to Work (IMF blog)

(PHOTO: IMF PHOTO)

Mariano Moszoro

For countries on the path to recovery, reviving economic activity is a major priority. And what better way to support a come-back than by creating jobs. Our new IMF staff research shows that when governments spend on infrastructure, they create many new jobs.

Putting Public Investment to Work – IMF Blog

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