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Friday evening when the leaders of the G20 states will be meeting in Hamburg and discussing global economic, social, environmental and political issues, the churches in Germany are inviting people in Germany and all over the world to a common peace prayer.

Athena Peralta is dedicated to observing and encouraging people who are defending their livelihood and defending creation across the world. “There is so much injustice in this world that it is really something beautiful to learn about and be able to accompany, even in tiny ways, struggles of communities and churches,” she said.

“As a professor of economics and economic ethics with a theological background, and as dean of the GEM school, I can say that pluralistic economics – getting new prominence as an international student initiative – is an attempt to challenge neo-liberal monolithic economics. It is time for new thinking about economics”, stated Prof. Martin Büscher, first chair for economics and business ethics at the Institute for Diakonia and Management at the Protestant University of Wuppertal/Bethel, Germany, at the conclusion of the Governance, Economics and Management School held in Hong Kong on 22 August-2 September.

The globalization of the world economy has not been an even process, and in many ways governance for the protection of capital has overtaken governance for the protection of human well-being. A recent Ecumenical School on Governance, Economics and Management for an Economy of Life addressed this very asymmetry.

An economic system based on over-consumption and greed has become firmly rooted in today’s world and it is high time to change this paradigm by working for a new financial and economic architecture. The WCC together with the WCRC now convenes a first ever Ecumenical School on Governance, Economics and Management for an Economy of Life, in Hong Kong SAR.

During the 4th United Nations Forum on Business and Human Rights, the WCC, in collaboration with the ACT Alliance and Lutheran World Federation, organized a side-event on “Faith-based organizations’ contribution to the protection of communities’ land rights: lessons learnt and good practices from Africa, Asia and Latin America” at the Ecumenical Centre in Geneva.

At the recent World Social Forum, ecumenical voices warned about the grave consequences of extraction of natural resources and mining, which they say generate a tremendous amount of social and ecological debt.

In Africa, trade, aid and investments from the European Union (EU), United States (US) and China have not fully addressed the roots of poverty, inequality and ecological degradation. Churches, therefore, need to engage in a “development dialogue” to support alternative economic agendas, which can help eradicate poverty, while safeguarding Africa’s natural riches.