News stories by Jomo Kwame Sundaram

KUALA LUMPUR, Malaysia, October 13 (IPS) - The protracted demise of dollar-gold convertibility and associated fixed exchange rates did not end dollar hegemony. With crucial and timely help from political allies, confidence in the dollar system has persisted, albeit much diminished.

KUALA LUMPUR, Malaysia, September 28 (IPS) - The 1944 Bretton Woods (BW) conference accepted the US demand to use the dollar to settle international financial transactions. This arrangement would require a US balance-of-payments deficit to issue enough dollars.

KUALA LUMPUR, Malaysia, September 14 (IPS) - Most free trade advocates falsely claim that comparative advantage ensures developmental gains from trade liberalisation. Mainstream trade theory does not promise that partial trade liberalisation guarantees optimal international specialisation.

JAKARTA, Indonesia, September 1 (IPS) - The US dollar’s role as the world’s reserve currency has been eroding gradually for decades. However, various US policies, including recent deliberately unexpected actions, have at times accelerated de-dollarisation.

CAMBRIDGE, MA, USA / KUALA LUMPUR, Malaysia, August 17 (IPS) - As AGRA turns 20, a new report exposes its worsening failure to double productivity and incomes and halve undernourishment in participating African nations as promised.

KUALA LUMPUR, Malaysia, August 4 (IPS) - President Trump has blamed trade liberalisation advocated by globalists for US deindustrialisation. Instead, his own weaponisation of economic policies, instruments and institutions purport to ‘make America great again’ (MAGA).

KUALA LUMPUR, Malaysia, July 23 (IPS) - Sunday’s World Cup final focused world attention on the stench of corruption, past and current, surrounding some of its main protagonists, including Argentina, and the presidents of FIFA, Argentina and the main host nation.

KUALA LUMPUR, Malaysia, July 14 (IPS) - Trump insists the West must unite on his terms against the Rest, particularly China and Iran. Europe, however, wants greater Trump support for Ukraine’s Zelensky regime to replace Putin’s leadership of Russia.

KUALA LUMPUR, Malaysia, June 26 (IPS) - Leadership of the Global South has gradually declined since the 1980s. Many hope BRICS+ will fill the vacuum, but its purpose and membership suggest such hopes may be misplaced. A repurposed Non-Aligned Movement (NAM) offers the best way forward.

KUALA LUMPUR, Malaysia, June 19 (IPS) - US President Trump’s policies are supposed to make America great again (MAGA), which means different things to various parties. Some of its consequences are inadvertent, including undermining dollar dominance and inducing stagflation worldwide.