As we begin to wrestle with the grand task of first rescuing and then reviving our shattered economy, certain points are becoming clear. State stimulus packages may be imperative, but they cannot hope to meet the challenge alone. We can also no longer afford to ignore the economic and social impacts of investment decisions that externalise costs now, only to internalise them in grand fashion further down the road.
Long-term economic, environmental and social risks are linked. Environmental disasters such as floods, droughts, fires and pandemics inevitably cause economic, social and health stresses — particularly for those who lack the financial resilience to ride out the shocks. Transitioning to a sustainable economy poses additional threats to jobs and communities if this transition is not well planned and socially just.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Now is the time to transform our economy for goodIn the South African perspective, there has been but a single life-changing socioeconomic crisis in the past century with the kind of legacy it is believed the coronavirus will have, and that is apartheid.
Source: SowetanLIVE - 🏆 13. / 63 Read more »