The Coming Carbon Tsunami

Developing Countries Need a New Growth Model—Before It’s Too Late

Citizens of the world’s least developed countries have the same aspirations for economic prosperity as citizens of China, Germany, or the United States do. Those who argue that the only way to combat climate change is to reduce economic growth miss the fundamental unfairness of global economic development, which has left a third of the world’s population behind. Yet if developing countries follow the “grow first and clean up later” pattern established by the United States, western Europe, and East Asian countries, the consequences for the climate will be catastrophic.

https://www.foreignaffairs.com/articles/world/2021-12-14/coming-carbon-tsunami

Related images from the NYTimes

How Globalization Came to the Brink of Collapse

Many of the advantages of economic globalization, such as increased connectivity and interdependence, also give rise to risks, such as the transmission of viruses and lack of self-sufficiency in producing essential items. Once economic globalization is seen as a complex system that involves great benefits as well as systemic risks, it is possible to think more clearly about options for managing those risks to protect against collapse. These options can include reforms that, for instance, reduce concentrated reliance on particular nodes within the system or increase redundancy of essential supplies in order to foster greater resilience. 

https://www.barrons.com/articles/how-globalization-came-to-the-brink-of-collapse-51585865909