{"id":12617,"date":"2021-06-11T15:44:37","date_gmt":"2021-06-11T14:44:37","guid":{"rendered":"https:\/\/www.economicsobservatory.com\/?post_type=question&p=12617"},"modified":"2021-06-14T09:48:04","modified_gmt":"2021-06-14T08:48:04","slug":"international-rescue","status":"publish","type":"question","link":"https:\/\/www.economicsobservatory.com\/test\/international-rescue","title":{"rendered":"International rescue"},"content":{"rendered":"\n

Newsletter from Friday 11 June<\/strong><\/p>\n\n\n\n

Last week, the Economics Observatory celebrated its first birthday. Today, we mark 12 months of answering questions about coronavirus and the economy with the first issue of our new magazine. You can read ECO online<\/a> \u2013 but if, like many of us, you\u2019ve had enough of staring at a screen, a complimentary hard copy of the publication is available via the request form<\/a> on our website.<\/p>\n\n\n\n

It\u2019s also just over a year since our home base of Bristol made the front pages of all the world\u2019s papers with the toppling of the Colston statue. The Black Lives Matter protests that followed the murder of George Floyd in Minneapolis last May led scholars and teachers across the world to reflect on whether their work took adequate account of the global legacy of centuries of colonialism. In economics, for example, Arun Advani<\/a>, Imran Rasul<\/a> and co-authors show that research on issues around racial inequality<\/a> constitutes just a small fraction of the profession\u2019s output.<\/p>\n\n\n\n

This week on the Observatory, our Bristol colleagues Alvin Birdi<\/a> and Danielle Guizzo<\/a> explore what it would mean to \u2018decolonise\u2019 the economics curriculum<\/a>. This is a topic we\u2019ve looked at before in a couple of public conversations hosted by the Bristol Festival of Economics<\/a> and summarised by Carolina Alves<\/a> and Ingrid Harvold Kvangraven<\/a>, who suggest the need for a radical restructuring<\/a> of how the discipline is taught and researched. Alvin and Danielle discuss practical steps for decolonising courses, pointing out that economics has the tools for rigorous analysis of topics like slavery, colonial exploitation and racial injustices.<\/p>\n\n\n\n

Cornish blues<\/h3>\n\n\n\n

Global injustices are high on the agenda at the gathering of leaders of the rich G7 economies in Carbis Bay starting today. In particular, there is talk of a pledge to \u2018vaccinate the world\u2019 by delivering a billion doses of the Covid-19 vaccines to the poorest countries. As Flavio Toxvaerd<\/a> and Tony Yates<\/a> have noted on the Observatory (and in our new magazine), despite powerful moral and economic arguments for ensuring global immunisation, vaccine nationalism<\/a> has led to a grossly unequal rollout. A commitment from Cornwall would be welcome.<\/p>\n\n\n\n

The world leaders enjoying their Cornish turbot and lobster might also briefly shift their perspective from the global economy to the local economy. ECO hub manager Charlie Meyrick<\/a> has done just that in a data piece<\/a> highlighting Cornwall\u2019s low wages and high housing costs compared with the rest of the UK. What\u2019s more, employment in the county is dominated by hospitality and health and social care, with few opportunities in high-value, high-salary professions such as finance and insurance, or science and technology.<\/p>\n\n\n\n

Employee job by sector (Cornwall compared with the South West region and the UK)<\/h4>\n\n\n
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