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”.
Join us for a thought-provoking session as we delve into the impacts and future of globalization! At our last meeting, we discussed the challenges posed by global corporations and trade. At this...
The 2024 World Federalist Conference hosted the Model United Nations Parliamentary Assembly (UNPA), a key event uniting young leaders and world federalists for an engaging simulation mirroring a global parliament's operations. This...
It is in our very nature as humans, that we work to secure those essentials which sustain us. We have organized into groups. Unique societies have formed around the idea...
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