Economic growth in developing countries has long been associated with large-scale environmental degradation. Governments trying to achieve growth have too often under-invested in public goods and failed to impose the environmental regulations necessary to prevent encroachment and exploitation of ecosystems.
The Foundation for European Progressive Studies (FEPS) is the think tank of the progressive political family at EU level. Our mission is to develop innovative research, policy advice, training and debates to inspire and inform socialist and social democratic politics and policies across Europe.
Most advanced economies and some of the larger emerging markets have managed to finance a strong Covid-19 response, put large stimulus measures in place and use their own central banks to boost their liquidity.