New Economy Transitions Discussion Session

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by Noel Ortega

Type: Audio

Promoting a “New Economy” at the Global Level


This recording is from a strategy session held on February 20, 2013 at the Institute for Policy Studies. It is part of the New Economy Transitions (NET) discussion series (co-sponsored by the New Economy Working Group and the New Economy Network).


Part of the challenge of creating a “New Economy” is to develop global rules and institutions that can ensure universal rights and protect the planet while respecting the rights of communities to pursue diverse paths. This session will lay out principles to guide this transition. It will also provide concrete examples of how social movements are working to promote such new rules in the face of the global financial crisis and the explosion of conflicts over extractives industries.


David Korten is president of the Living Economies Forum, Board Chair of YES! Magazine, and co-chair of the New Economy Working Group. Drawing on the work of the International Forum on Globalization, the organizing principles of Earth’s biosphere, and the foundational principles of trade theory prior to corruption by free trade ideologues, he will outline a bioregional New Economy model for restructuring the institutions of the global economy to support ecological balance, shared prosperity, and deep democracy.

Manuel Pérez-Rocha is an IPS Associate Fellow who has led international efforts to promote alternative approaches to globalization for more than a decade. Prior to moving to Washington, DC, he worked for many years with the Mexican Action Network on Free Trade (RMALC) and continues to be a member of that coalition’s executive committee. He will describe civil society efforts to promote trade and investment rules that would encourage environmentally sound policies, such as those in El Salvador to prevent gold mining (described in this recent magazine article:  Canada Should Tell Mining Firm to Stop Bullying El Salvador).

Sarah Anderson directs the IPS Global Economy Project.  She will discuss how civil society organizations and some progressive governments have responded to the global financial crisis with proposals for new rules to promote financial stability and rein in unregulated capital. 


John Cavanagh, IPS Director, will moderate the discussion.