Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Thursday, February 02, 2023 Inter Press Service KUALA LUMPUR, Malaysia, Feb 02 (IPS) – Few policymakers ever claim credit for causing stagnation and recessions. Yet, they do so all the time, justifying their actions by some supposedly higher purpose. Now, that higher purpose…
Opinion by Jomo Kwame Sundaram (kuala lumpur, malaysia) Tuesday, December 13, 2022 Inter Press Service KUALA LUMPUR, Malaysia, Dec 13 (IPS) – Calls for more government regulation and intervention are common during crises. But once the crises subside, pressures to reform quickly evaporate and the government is told to withdraw. New…
Opinion by Jomo Kwame Sundaram, Timothy A. Wise (boston and kuala lumpur) Tuesday, November 29, 2022 Inter Press Service BOSTON and KUALA LUMPUR, Nov 29 (IPS) – Despite its dismal record, the Gates Foundation-sponsored Alliance for a Green Revolution in Africa (AGRA) announced a new five-year strategy in September after rebranding…
Opinion by Jomo Kwame Sundaram, Ndongo Samba Sylla (dakar and kuala lumpur) Tuesday, November 22, 2022 Inter Press Service DAKAR and KUALA LUMPUR, Nov 22 (IPS) – The ongoing plunder of Africa’s natural resources drained by capital flight is holding it back yet again. More African nations face protracted recessions amid…
Opinion by Jomo Kwame Sundaram, Hezri A Adnan (kuala lumpur, malaysia) Tuesday, November 15, 2022 Inter Press Service KUALA LUMPUR, Malaysia, Nov 15 (IPS) – The latest annual climate conference has begun in the face of a worsening climate crisis and further retreats by rich nations following the energy crisis induced…
Opinion by Jomo Kwame Sundaram, Hezri A Adnan (kuala lumpur, malaysia) Tuesday, November 08, 2022 Inter Press Service KUALA LUMPUR, Malaysia, Nov 08 (IPS) – Ahead of the first United Nations environmental summit in Stockholm in 1972, a group of scientists prepared The Limits to Growth report for the Club of…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and dakar) Tuesday, November 01, 2022 Inter Press Service SYDNEY and DAKAR, Nov 01 (IPS) – Developing countries have long been told to avoid borrowing from central banks (CBs) to finance government spending. Many have even legislated against CB financing of fiscal expenditure….
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 25, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 25 (IPS) – Widespread adverse reactions to the UK government’s recent ‘mini-budget’ forced new Prime Minister Liz Truss to resign. The episode highlighted problems of macroeconomic policy coordination…
Opinion by Jomo Kwame Sundaram, Anis Chowdhury (sydney and kuala lumpur) Tuesday, October 18, 2022 Inter Press Service SYDNEY and KUALA LUMPUR, Oct 18 (IPS) – Preoccupied with enhancing their own ‘credibility’ and reputations, central banks (CBs) are again driving the world economy into recession, financial turmoil and debt crises. Wall…
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…
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