Global Economy and Corporate Responsibility

Focusing on the Common Good

From a progressive perspective, there is no doubt that global economic, trade and tax policies serve a higher goal. Primarily, they are instruments to reduce inequality within and between states and between the Global North and Global South. A beneficial global economic order serves the common good: It provides solutions to social issues, instead of exacerbating them.

With the 2030 Agenda for Sustainable Development, the United Nations have created a set of guidelines for the economic system of the future, and for our work as well.

Together with our partners, we are committed to shaping the global economic system so that it benefits the common good, and to implementing the Goals of the 2030 Agenda – all over the world. In this, our emphasis is on trade and tax policies and also the topic of corporate and investor responsibility.

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News About Global Economy and Corporate Responsibility

Mirko Herberg

What if the citizens of Berlin owned Uber’s data?

We must not give companies control and power over our data. Parminder Jeet Singh explains what we need to do.


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Who cares? Feminist responses to the pandemic

The COVID-19 pandemic has a strong gender dimension. It is increasing women’s vulnerabilities and risks in their roles as workers and caregivers.


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Bangladesh’s garment sector collapse devastates millions

Highly dependent on demand from Europe and the United States, the economic impact of the Coronavirus will hit factory workers and especially women.


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[Translate to English:]
12.03.2020

Be a feminist, demand that the multinationals pay their taxes!

What does taxation have to do with Feminism? Magdalena Sepúlveda explains why tax justice also means gender justice.


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Prof. Kappel and Prof. Reisen

Study "G20 Compact with Africa: The Audacity of Hope"

In a new FES study Robert Kappel and Helmut Reisen analyse the impact of the CwA and give policy recommendations.


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Taxes, taxes, taxes

Developing countries need to unite their efforts now to prevent an unfair international tax reform, says José Antonio Ocampo on ips-journal.


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More articles are available here.


Publications

Kappel, Robert

Africa-Europe economic cooperation

Using the opportunities for reorientation
Berlin, 2020

Download publication (1,6 MB PDF-File)


Abdulraʿuf, Muttaqa Yushaʿu

Strong labor market institutions

For decent work and greater inclusion
NewYork, 2020

Download publication (1,5 MB PDF-File)


Boitani, Andrea; Tamborini, Roberto; Saraceno, Francesco

The European Recovery Fund: a solution to unite Europe

Rom, 2020

Download publication (55 KB PDF-File)


Damijan, Jože P.

Economics of Corona pandemic in Slovenia

Zagreb, 2020

Download publication (370 KB, PDF-File)


Malkoutzis, Nick; Mouzakis, Yiannis

Recovery lost

The Greek economy is forced to fight its way back after Covid-19
Athen, 2020

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Global Economy, Corporate Responsibility and Progressive Politics

Seen from the progressive standpoint of Social Democracy, there is no doubt that the role of economic policy must be to promote prosperity for society as a whole, and to reduce inequality within and between countries. A progressive global economic order solves social issues instead of exacerbating them.

First and foremost, this means that the social benefit derived from economic actions needs to be front and center at all times. The interests of powerful, well-connected players such as investors or corporations must not be allowed to override the common good. Just like a state's citizens, economic actors have both rights and obligations: They are protected by the state but must also: adhere to the law, preserve public assets such as the environment, pay taxes, and be held responsible for any damage caused.

Because large transnational corporations often put these obligations last, states and parliaments must regulate them. The economy should be under democratic control, both nationally and internationally. Strong and democratically legitimate institutions are required to provide oversight of the global economy. The establishment of an effective system for “Global Economic Governance” is one of the most important tasks of our time, to ensure that all human beings – and not just the “1 percent” – can benefit from economic growth.

2030 Agenda: A Guide to Tomorrow's Economy

With the United Nation's 2030 Agenda, the international community has given itself a set of guidelines for shaping the global economy in the future: One person's prosperity should not come at another person's expense, or at the expense of upcoming generations. Future economic activity needs to be guided by sustainability principles and the common good. This is the only way in which states will reach the Sustainable Development Goals (SDGs), which cover issues such as reducing poverty and inequality and addressing the effects of climate change.

In our work on economic issues, we are committed to:

  • reining in international financial markets,
  • reforming international trade policy,
  • fundamentally reshaping the international tax system and
  • making transnational corporations adhere to labor rights, human rights and environmental standards.
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