Dr Augusto Lopez-Claros, Chair of the Global Governance Forum, examines the immediate challenge of economic recovery from Covid19 and discusses measures to overhaul our system of global economic governance and propel us on the path to a sustainable and equitable future. Organised by the Cambridge University Baha'i Society.

By late-September 2020 the Johns Hopkins Coronavirus Resource Center had tracked more than 33 million confirmed cases of the virus globally, causing close to 1 million deaths. The remarkable speed, global reach, and ease with which the virus crossed borders and is being transmitted between people has sent stock markets tumbling worldwide, with the World Bank projecting the deepest global recession since World War II. This excessive volatility, the sudden drop in confidence by consumers, and severe knock-on economic and social effects have resulted overnight in a swift contraction in cross-border finance, trade, air travel, and most other sectors of our interconnected global economy, as well as millions of job losses. This talk and discussion will examine measures to overhaul our system of global economic and social governance, both to respond to the immediate challenge of recovery from COVID-19 and to redouble efforts to advance the 2030 Agenda for Sustainable Development. The talk draws on the teachings of the Baha’i Faith.

Dr. Augusto Lopez-Claros is a Cambridge alumnus, and an international economist with over 30 years of experience in international organisations, including most recently the World Bank where he was director of the Global Indicators Group. Previously he was Chief Economist and Director of the Global Competitiveness Program at the World Economic Forum in Geneva, and Professor of Economics at the University of Chile. In May 2018, he was co-awarded the New Shape Prize for his work on Global Governance and has recently co-authored two books: ‘Equality for Women = Prosperity for All’ and ‘Global Governance and the Emergence of Global Institutions for the 21stCentury’ published by Cambridge University Press.