News stories by Jomo Kwame Sundaram, page 24

KUALA LUMPUR and PENANG, Jul 09 (IPS) - The 1971 Bretton Woods (BW) system collapse opened the way for financial globalization and transnational financialization. Before the 1980s, most economies had similar shares of trade and financial openness, but cross-border financial transactions have been increasingly unrelated to trade since then.

SYDNEY and KUALA LUMPUR, Jul 07 (IPS) - In his early February annual State of the Union address, US President Donald Trump typically hailed his own policies for increasing wages and jobs to achieve record low US unemployment. Directly appealing to labour for a second term, Trump claimed exclusive credit for the US "blue-collar boom".

KUALA LUMPUR, Malaysia, Jul 02 (IPS) - The Covid-19 crisis has had several unexpected effects, including renewed attention to food security concerns. Earlier understandings of food security in terms of production self-sufficiency have given way to importing supplies since late 20th century promotion of trade liberalization.

SYDNEY and KUALA LUMPUR, Jun 30 (IPS) - Seventy-five years ago, on 26 June 1945, before the Japanese surrender ending the Second World War, fifty nations gathered at San Francisco's Opera House to sign the United Nations (UN) Charter.

KUALA LUMPUR, Malaysia, Jun 25 (IPS) - Katharina Pistor's recent book, The Code of Capital: How the law creates wealth and inequality shows how law has been crucial to the creation of capital, and how capital continues to survive, evolve and enhance its ability to ‘make money', or secure wealth legally, i.e., through the law.

SYDNEY and KUALA LUMPUR, Jun 23 (IPS) - Over the course of his presidency, US President Donald Trump's racism has become more evident with more leaks of his private remarks, which he has been generally quick to deny, qualify and explain away.

KUALA LUMPUR, Malaysia, Jun 18 (IPS) - How often have you heard someone lamenting or even condemning inequality in society, concluding with an appeal to meritocracy? We like to think that if only the deserving, the smart ones, those we deem competent or capable, often meaning the ones who are more like us, were in charge, things would be better, or just fine.

SYDNEY and KUALA LUMPUR, Jun 16 (IPS) - The Covid-19 pandemic has significantly impacted most economies in the world. Its full impacts will not be felt, let alone measured, until it runs its course. Many countries are still struggling to contain contagion, while the costs on both lives and livelihoods will undoubtedly have long-term repercussions.

KUALA LUMPUR, Malaysia, Jun 11 (IPS) - Even before Covid-19, the world was facing a care crisis. The plight of often neglected, under-appreciated, under-protected and poorly equipped ‘frontline' health personnel working to contain the pandemic has drawn attention to the tip of the care crisis iceberg.

KUALA LUMPUR, Malaysia, Jun 09 (IPS) - As governments the world over struggle to revive their economies after the debilitating lockdowns they imposed following their failure to undertake adequate precautionary containment measures to curb Covid-19 contagion, neoliberal naysayers are already warning against needed deficit financing for relief and recovery.