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By Aoife Nolan

The worldwide monetary and financial crises have had a devastating influence on monetary and social rights. those rights have been missed through monetary coverage makers sooner than the crises and stay omitted within the present 'age of austerity'. this is often the 1st booklet to concentration squarely at the interrelationship among modern and ancient fiscal and fiscal crises, the responses thereto, and the ensuing influence upon financial and social rights. Chapters learn the duties imposed by way of such rights by way of household and supranational crisis-related coverage and legislations, and argue for a reaction to the crises that integrates those human rights concerns. The professional foreign participants, either lecturers and practitioners, are drawn from a number disciplines together with legislation, economics, improvement and political technological know-how. the gathering is hence uniquely put to handle debates and advancements from more than a few disciplinary, geographical views.

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Extra resources for Economic and Social Rights after the Global Financial Crisis

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So far as the first of these chapters is concerned, Rolnik and Rabinovich highlight the key elements of the neoliberal approach to housing, demonstrating the way in which the commodification of housing, as well as the increased use of housing as an investment asset integrated in a globalised financial market, have resulted in public policies that have abandoned the conceptual meaning of housing as a social good. They argue that this approach has deeply impacted upon the enjoyment of the right to adequate housing.

ESR, including the right to adequate food, have become global public goods, As such, the delivery of food security requires new forms of collaboration and cooperation between States, rather than the ‘beggar thy neighbour’ policies that have tended to be a feature of domestic governmental policy in times of crisis. Highlighting the problem of what he terms ‘the fragmentation of global governance’, De Schutter argues that the reform of the global governance of food security following the global food crisis – instituted in order to ensure that sectoral policies in the areas of trade, investment and food aid converge towards the realisation of the right to food – should serve as a source of inspiration for the global governance reforms that, in De Schutter’s view, are essential if ESR are to be realised at the domestic level as we move forward.

24 Introduction 9 standards if those standards are themselves not clear? Always a difficulty, this becomes especially problematic during a time of economic tumult of the sort that the world has been witnessing since 2008. ESR frameworks are certainly not without tools to resist the rightsrelated damage of the kind that has arisen following the crises. 29 However, as Aoife Nolan, Nicholas Lusiani and Christian Courtis highlight in their contribution, the scope of this obligation remains nebulous, a fact that has made ESR advocacy and litigation in a time of financial and economic crisis more difficult than would otherwise have been the case.

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