News stories by Jomo Kwame Sundaram, page 22

KUALA LUMPUR, Malaysia, Oct 20 (IPS) - Limited liability protection for shareholders in joint stock companies was introduced to encourage investments in them. However, it has encouraged irresponsibility, causing much harm while generating profits without responsibility.

KUALA LUMPUR, Malaysia, Oct 13 (IPS) - Milton Friedman was arguably the most influential economist of the second half of the 20th century, associated with promoting ‘neo-liberal', free-market, shareholder capitalism.

Friedman's monetarist economics is now widely considered irrelevant, if not wrong, especially with the low inflation associated with ‘unconventional' monetary policies following the 2008-2009 global financial crisis.

BERLIN and KUALA LUMPUR, Oct 06 (IPS) - Industrial policy – or the promotion of particular investments, technologies, industries, regions and enterprises – has been practiced by a variety of governments to try to accelerate economic growth and transformation.

KUALA LUMPUR, Sep 29 (IPS) - Milton Friedman's libertarian economics advocating shareholder capitalism has influenced generations trying to understand the economy, not only in the US, but all over the world.

BERLIN and KUALA LUMPUR, Sep 22 (IPS) - ‘Ethno-populism' has emerged and spread in recent decades in response to the mixed consequences of neoliberal globalization. It appropriates nationalist rhetoric for narrow ethnic, religious, cultural or other communal ends, typically with a chauvinist, jingoist rejection of selected Others as politically expedient.

BERLIN and KUALA LUMPUR, Sep 15 (IPS) - In recent decades, many contemporary macroeconomic and financial problems have been blamed on ‘soft budget constraints' (SBCs), with the term becoming quite popular in the economics lexicon, financial media and political discourse.

KUALA LUMPUR, Malaysia, Sep 08 (IPS) - With many in the world experiencing declining living standards, there has been growing frustration. Many hope that progressive taxation will improve things. While some economies once had progressive tax systems, recent decades have seen regression.

KUALA LUMPUR and SYDNEY, Sep 01 (IPS) - After accusing the World Health Organization (WHO) of pro-China bias, President Donald Trump announced US withdrawal from the UN agency. Although the US created the UN system for the post-Second World War new international order, Washington has often had to struggle in recent decades to ensure that it continues to serve changing US interests.

SYDNEY and KUALA LUMPUR, Aug 25 (IPS) - The World Bank leadership must urgently abandon its ‘Maximizing Finance for Development' (MFD) hoax. Instead, it should resume its traditional multilateral development bank role of mobilizing funds at minimal cost to finance developing countries.

KUALA LUMPUR, Malaysia, Aug 18 (IPS) - With the Covid-19 contagion from late 2019 spreading internationally this year, governments have responded, often in desperation. Meanwhile, predatory international law firms are encouraging multimillion-dollar investor-state dispute settlement (ISDS) lawsuits citing Covid-19 containment, relief and recovery measures.