Post-COVID World: Bracing for A Recession and Rebuilding the Global Economy
The COVID-19 pandemic has wrought tremendous and unprecedented strain on the health systems of the world. Countries from the Global North and the Global South are not spared by the rising tide of infections prompting many governments to impose “lockdowns” or “community quarantines” which are useful to prevent the spread of the virus but also have the effect of slowing down the economies. Hardest hit are minimum wage earners and people in the informal economy. The United States recently recorded 22 Million unemployed, a number unseen since the Great Depression of the 1930s. A recent study by Oxfam also suggests that an estimated 500 Million people could be pushed to poverty.
With no clear end date to the pandemic, it is imperative for social democrats and progressives to come up with ways moving forward. This is especially needed when there is a lack of leadership from the ranks of political leaders and also a lack of cooperation and international solidarity among the world’s nations.
This webinar will feature key panelists from Europe and Asia to discuss the necessary steps that should be taken to salvage the global economy from a likely recession and in the process, make it more democratic and responsive to the rights of workers, the poor, and marginalized sectors of society.
Teo Nie Ching, International Secretary, Democratic Action Party (Malaysia) and Former Deputy Minister for Education
Conny Reuter, Global Coordinator, Progressive Alliance
Dr. Ong Kian Ming, Member of Parliament and Former Deputy Minister for International Trade and Industry, Malaysia
Dr. Jomo Kwame Sundaram, Senior Adviser, Khazana Research Institute
E Hun Tan, Executive Director, Research for Social Advancement (REFSA)
Host: Howard Lee, Democratic Action Party Socialist Youth; State Assembly Representative for Pasir Pinji, Perak