Economic justice
In light of global recession, climate change and persisting poverty, we must rethink how to make the global economy work for development.
Global markets have delivered too much risk and not enough return for the millions of men and women living in poverty. Many poor workers, small business owners and farmers suffered devastating consequences of the 2008 financial crisis because of their vulnerable position in global markets. Many others were excluded and simply not benefiting in the first place.
Faith in markets to deliver progress has been shaken, and the moral responsibilities of individuals and governments in guiding the economy have been rediscovered. The need to put economic growth back in its place as a tool for real progress, not a proxy for progress or a goal in its own right has risen up the policy agenda.
Politicians have acknowledged that we are “all in this together” and that vast global inequalities are not just indefensible, they are unsustainable and hurt us all by generating instability and dampening the global economy
Policy and research documents on economic justice
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[261:Economic justice]
[285:Policy and research].
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Doing Business panel highlights (120 kB)
In a high-level panel, to coincide with the World Bank meetings, CAFOD brought together representatives from the Chinese government, international trade union movement, Zambian civil society and the World Bank to debate reforms to the Bank’s influential Doing Business project.
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Doing Business review briefing (139 kB)
The World Bank has agreed to a review of its controversial publication. This CAFOD briefing explains why a review is necessary and what needs to be changed in order to take on board the priorities of poor small business owners.
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Doing Business review letter (359 kB)
The World Bank has agreed to a review of its controversial publication. CAFOD calls on new World Bank President, Jim Yong Kim to make sure this review takes on board the priorities of poor small business owners.
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Doing Business Rankings Statement (248 kB)
The Doing Business Rankings are a best-seller for the World Bank but they can undermine labour standards, tax justice and access to land in developing countries. They also do little to help poor small business owners.
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Green Economy (218 kB)
A brief which unpicks different approaches to the green economy, to identify what changes would really work for poor men and women.
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Think Small (232 kB)
Why poor producers and small business owners may hold the key to a sustainable recovery
