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Economic diplomacy: Global tax, education exports and Team Australia


and spend
US President Joe Biden may be grabbing the global headlines by boosting world growth with his big spending and international security with his telephone diplomacy. But US Treasury Secretary Janet Yellen seems to be doing the real heavy lifting in restoring American credibility in global economic management with her push for a more balanced global business tax system.
As the international financial elite gathered for the IMF/World Bank spring meetings this week, Yellen declared:
Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity. ....

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Decades of progress on extreme poverty now in reverse due to Covid


Decades of progress on extreme poverty now in reverse due to Covid
Peter Beaumont
© Provided by The Guardian
Photograph: Jérôme Delay/AP
Two decades of progress in the reduction of extreme poverty, the elimination of which is one of the sustainable development goals, have been pushed into a sharp reverse by a combination of the impact of the Covid-19 pandemic, the growing climate emergency and increasing debt.
With the World Bank warning of a “truly unprecedented increase” in levels of poverty this year, and renewing calls for debt forgiveness, experts are warning of a growing crisis in multiple areas from education to employment, likely to be felt for years to come. ....

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