A group of 11 leading economists issued a stark warning this week: The global crisis of access to reliable information poses an existential threat to economic growth, human welfare, and global development efforts broadly.
In a new report, the High-Level Panel on Public Interest Media convened by the Forum on Information and Democracy argues that public interest media is as vital to the 21st-century economy as central banks are to financial systems, providing the trust and accountability needed for markets to function.
If governments don’t step in to protect and invest in public interest media, they caution, disinformation will continue to erode economies, weaken social welfare, and undermine democracy itself.
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About the author
Catherine Cheneycatherinecheney
Catherine Cheney is the Senior Editor for Special Coverage at Devex. She leads the editorial vision of Devex’s news events and editorial coverage of key moments on the global development calendar. Catherine joined Devex as a reporter, focusing on technology and innovation in making progress on the Sustainable Development Goals. Prior to joining Devex, Catherine earned her bachelor’s and master’s degrees from Yale University, and worked as a web producer for POLITICO, a reporter for World Politics Review, and special projects editor at NationSwell. She has reported domestically and internationally for outlets including The Atlantic and the Washington Post. Catherine also works for the Solutions Journalism Network, a non profit organization that supports journalists and news organizations to report on responses to problems.
