Carlos Cuerpo, first vice president of the Government and minister of Economy, Trade and Business, along with the renowned economist Mariana Mazzucato, chaired the first meeting of the Global Council on the New Economy of the 21st Century.
This new forum, made up of prominent progressive economists from various parts of the world, such as Joseph Stiglitz, Jayati Ghosh, Ha-Joon Chang, and Isabella Weber, aims to develop and promote policies that respond to the transformation of the global economy.
Its creation, which took place during the Global Progressive Mobilization in Barcelona on April 18, seeks to offer alternatives of rigorous and progressive policies that promote economic growth compatible with reducing inequality, accelerating the ecological transition, and strengthening democracy.
During this first virtual session, the Council established its priorities, which include the role of public investment, industrial policy, quality job creation, and the distribution of value generated by artificial intelligence. Carlos Cuerpo emphasized that this council has the capacity to design policies with a significant social impact that redefine the social contract in the context of a transforming global economy. For her part, Mazzucato stressed the need to change economic orthodoxy to ensure security and opportunities for the majority.
The Council will produce reports, case studies, and opinion articles, among other works, to promote policies capable of addressing the major challenges of our era and demonstrating the positive effects of progressive economic policies.
Spain is the first host country of the Council, which will hold its first in-person meeting in October, coinciding with the annual meetings of the International Monetary Fund and the World Bank in Thailand, with the participation of other finance ministers and representatives of civil society.
