Opinion by Alexander Kozul-Wright, Ruurd Brouwer (geneva) Tuesday, October 11, 2022 Inter Press Service The International Monetary Fund (IMF) and the World Bank share a common goal of raising living standards in their member countries. This week, the two international institutions will convene in Washington DC (through October 16) for their…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Monday, October 10, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 10 (IPS) – The dogmatic obsession with and focus on fighting inflation in rich countries are pushing the world economy into recession, with many dire consequences, especially for…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 04, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 04 (IPS) – Central banks (CBs) around the world – led by the US Fed, European Central Bank and Bank of England – are raising interest rates, ostensibly…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, September 27, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Sep 27 (IPS) – Inflation phobia among central banks (CBs) is dragging economies into recession and debt crises. Their dogmatic beliefs prevent them from doing right. Instead, they take…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, September 20, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Sep 20 (IPS) – Policymakers have become obsessed with achieving low inflation. Many central banks adopt inflation targeting (IT) monetary policy (MP) frameworks in various ways. Some have mandates…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, September 06, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Sep 06 (IPS) – As rich countries raise interest rates in double-edged efforts to address inflation, developing countries are struggling to cope with slowdowns, inflation, higher interest rates and…
A partial view of the city of Punto Fijo, with the Cardón refinery in the background, on the Paraguaná peninsula, projected as a special economic zone overlooking the Caribbean in northwest Venezuela. CREDIT: Megaconstrucciones by Humberto Marquez (caracas) Saturday, September 03, 2022 Inter Press Service CARACAS, Sep 03 (IPS) – Venezuela…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, August 30, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Aug 30 (IPS) – Most sub-Saharan African French colonies got formal independence in the 1960s. But their economies have progressed little, leaving most people in poverty, and generally worse…
Controlling the loss and waste of food is a crucial factor in reaching the goal of eradicating hunger in the world. Credit: FAO by Thalif Deen (united nations) Monday, August 22, 2022 Inter Press Service UNITED NATIONS, Aug 22 (IPS) – The ominous warnings keep coming non-stop: some of the world’s…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, August 16, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Aug 16 (IPS) – Half a century after the 1970s’ stagflation, economies are slowing, even contracting, as prices rise again. Thus, the World Bank warns, “Surging energy and food…
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