Global hyperconnectivity and increased system integration have led to vast benefits in terms of income, education, innovation and technology. Yet globalisation has also created serious concerns about how local events can so easily cascade over national borders to become crises that affect everyone. This Vox Talk discusses the widening gap between systemic risks and their effective management. Goldin argues that the new dynamics and complexities of globalisation are endemic and will potentially destabilise our societies unless they are addressed immediately and more effectively.
Many low-income countries and development organisations are calling for greater liberalisation of labour immigration policies in high-income countries. At the same time, human rights organisations and migrant rights’ advocates demand more equal rights for migrant workers. This Vox Talk discusses the tensions between human rights and citizenship rights and argues that you cannot always have both.
Contrary to widely held beliefs, the world has not yet begun to ‘delever’ and the global debt-to-GDP is still growing. Growth and inflation are also dangerously low. This Vox Talk discusses the findings and policy recommendations of the 16th Geneva Report. It argues that much more can and should be done to improve resilience to debt shocks and discourage excessive debt accumulation.
Mental ill-health causes more suffering than physical illness, poverty or unemployment. Greater spending on helping people recover from mental health problems would generate massive savings to national economies. This Vox Talk discusses how successful psychological treatments have been developed and urges policymakers to act. Layard argues that psychological therapy costs nothing.
Complexity science is changing the way we think about social systems and social theory. Unfortunately, economists’ policy models have not kept up and are stuck in either a market fundamentalist or government control narrative. This Vox Talk argues for a new, more flexible policy narrative, which envisions society as a complex evolving system that is uncontrollable but can be influenced.