Jayati Ghosh

In this thought-provoking contribution at TNI's IGNITE! Festival of Radical Ideas, economist Jayati Ghosh explores the breakdown of the global legal and economic order, highlighting how recent political shifts have led to a disintegration of established rules. She discusses the impact of these changes on global issues, including the situation in Palestine, where the International Court of Justice’s pronouncements have little effect on real-world actions. Ghosh argues that while the international trade and justice systems are in chaos, only financial regulations remain intact. This creates a peculiar moment in the global economy but also opens up opportunities for new ideas and power dynamics to emerge.

Global activists and thinkers, dreamers and doers came together during IGNITE! to chart a path towards a society built on justice, equity, democracy, peace, and liberation. The Transnational Institute celebrated its 50th anniversary with a festival of radical ideas.

Jayati Ghosh, Ann Pettifor, Alvin Mosioma and Oscar Reyes hold a stimulating conversation on how to finance a recovery from COVID-19 and invest in a just climate transition. They address key questions such as what options and mechanisms do we have in the current circumstances to avoid austerity and invest in a just transition? How can we ensure that the Global South benefits? How can we change the narrative to stop an unfolding crisis become a deepening emergency?