Turnaround Poverty

Since summer 2023, we at the Club of Rome – Austrian Chapter have been working on an Austria-wide campaign to implement a positive vision of the necessary transformation or, as written in the “Earth4All” report, a “Giant Leap” in Austria.

The basic prerequisite for this turnaround is a radical expansion of the political scope. In addition to massive changes in global finance, trade and technology exchange, an economic model must be established that allows low-income countries to increase their growth in order to rapidly reduce poverty in an environmentally friendly and fair manner in combination with the other turnarounds.

Earth4All (2022)

Vision

Global poverty has been eradicated, i.e. the basic needs of all people are met and there is equality of economic and social opportunity. In addition, everyone has access to political participation, education, health and cultural goods. There is an integrated climate, environmental, economic and social policy that makes it possible to live within planetary boundaries. Austria has contributed to this new reality through civil society engagement and an active policy at national level, within the framework of the EU and multilateral institutions. Balanced power relations and partnerships, including a migration policy based on human rights, enable sustainable development for all countries.

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Sabine Gaber, Austrian Development Bank:
“An urgent tackling of the debt crisis is therefore on the agenda, debt relief and debt restructuring as well as debt sustainability are being discussed.”

Levers and goals

Low-income countries need fundamental measures to achieve a turnaround in poverty:

• Expanding the political scope for action and curbing the indebtedness of low-income countries: dealing with multinational corporations, debt haircuts, global coordination
• Establishing new growth models (re-regionalization of trade): technology transfer, investment and consumption models, global (ESG) standards, international trade
• Transformation of the financial architecture: currency trading, special drawing rights (IMF), International Foreign Exchange Fund (IDF)

Reform of the international financial system, world trade and technology exchange:

Qualitative and inclusive growth and correspondingly targeted GDP growth can contribute to poverty reduction in low-income countries. Rich countries have a responsibility to support low-income countries in this, for example by waiving intellectual property rights for patented technologies.

Debt ratio:

On this page, we document relevant events and workshops, publish interviews and contributions by qualified authors and will soon also present what we as the Club of Rome/Earth4All see as the consequences for Austria. We see all of this as contributions to a process that we believe should be initiated in Austria in the sense of a “turnaround on poverty”.

Below you will find information on

Events

Team

Website Posts

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