HOW DO WE PROMOTE A MORE EQUITABLE, SUSTAINABLE, & STABLE WORLD ECONOMY?
This dimension of world federalism deals with reforms to central international economic institutions such as the International Monetary Fund, World Bank, World Trade Organization, and Economic and Social Council along with other UN-directed projects and efforts.
Nobel-laureate economist James Tobin proposed a tax on international currency transactions at a small fraction of one percent in order to make exchange rates more stable. His proposal came to be known as the ‘Tobin tax’, leading to many variations over the following years in the form of currency transaction taxes, financial transaction taxes, and financial activity taxes. In addition to the benefit of reducing the economic effects of incidents like the global financial crisis of 2008 by disincentivizing hyper-speculative trading, the proceeds of the tax are estimated to amount to at least 20 times the current UN budget. Interested mainly in the stability benefits of a Tobin tax, when asked how its proceeds could be directed, the economist simply replied: “Give it to the UN”.
World Federation Through The Gradual Accession of Willing StatesSummary of a presentation by Alec Neilly, Board of Directors of the Young World Federalists, to the Toronto Branch of the World...
Canadians can be proud of their notable contributions to the United Nations, including vital support for the Land Mines Treaty and the International Criminal Court. If the Liberal government wishes...
The quote “never, never, never give up” by Winston Churchill comes to mind when trying to understand and counter the global regression we are in with re-arming of nuclear weaponry, under-mining...
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