In this episode of Counting the Cost, we look back on 2019: protesters from Latin America to the Middle East took to the streets to condemn the unfair distribution of resources and insist that policymakers put an end to austerity; a trade war between the U.S. and China has caused cuts to global growth and is reshaping globalization. Yet 2019’s biggest story must be climate change and the lack of willingness to do anything about it.
Climate crisis: There is very little effort to reduce pollution, with the exception of the European Union. Our inaction cost was set at $2bn a day.
The UN estimates that by 2050 $48 trillion needs to be spent to stop disaster for mankind; this means putting life ahead of short-term profits. Teresa Bo focuses on the danger of deforestation from Argentina, the Amazon crisis, and the environmental policies of President Jair Bolsonaro. Raheela Mahomed focuses on the environmental cost of moving the capital from declining Jakarta to Borneo from East Kalimantan, Indonesia.
Santiago’s Lucia Newman focuses on Chile’s current unrest and how the economic and social crisis has spiraled into a global one.
War on trade between the United States and China: The concept of globalization has been criticized by President Donald Trump “Make America Great Again” to the “Made in India” by Prime Minister Narendra Modi, while the U.S.-China trade war took a few points off global growth. Exporting countries such as Germany and Japan were the biggest losers.
Scott Heidler discusses some of Bangkok’s perks. And, due to the US trade war, Tanvir Chowdhury comments from Tongi, Bangladesh on rising steel prices. Africa Continental Free Trade Area: a new economic bloc was established in May 2019: the African Continental Free Trade Area was created by 54 nations. The bloc’s goal is to increase trade among nations by breaking down barriers to trade in the hope of becoming the next European Union. Ahmed Idriss speaks on the border between Nigeria and Benin.
U.S. hospitals: Who should be responsible for healthcare delivery? The state or companies for profit? Shihab Rattansi reports from the US on the incompetence of physicians in the health care industry.