SouthViews No. 229, 25 October 2021
The Post COVID-19 Recovery: A Stringent Test for the Business and Human Rights Discourse
By H.E. Ambassador Luis Benigno Gallegos Chiriboga
Although the global economic outlook seems to be improving for the rest of 2021 and 2022, such benefits seem to only affect developed economies, while furthering the gap with emerging markets and developing economies. This shows that ‘recovery for all’ will remain gloomy for several years, as access to the COVID-19 vaccine continues to showcase the global inequalities between the rich and the poor. In this scenario, States require to make full use of their regulatory and policy space to protect and promote the human rights of all people and persons in their jurisdictions, including the right to health, while safeguarding the necessary fiscal space towards guaranteeing development expenditures to build back fairer and better. It is time for reducing inequalities rather than increasing the gap between developed and developing nations.
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This article was tagged: Build Back Better, Business and Human Rights, Corporate Social Responsibility (CSR), COVID-19, Human Rights, International Investment Agreements (IIAs), Investor-State Dispute Settlement (ISDS) System, Legally Binding Instrument, Multilateralism, Open-Ended Intergovernmental Working Group on Transnational Corporations and Other Business Enterprises with Respect to Human Rights (OEIGWG), Pandemic, Post COVID-19 Recovery, Reform of the IIA regime, Solidarity, United Nations Guiding Principles on Business and Human Rights (UNGPs)