News stories by Jomo Kwame Sundaram, page 28

SYDNEY and KUALA LUMPUR, Dec 03 (IPS) - Much recent unrest, such as the ‘yellow-vest' protests in France and the US ‘Abolish the Super-Rich' campaign, is not against inequality per se, but reflects perceptions of changing inequalities. Most citizens resent inequalities when it is not only unacceptably high, but also rising.

KUALA LUMPUR and SYDNEY, Nov 26 (IPS) - Historically, most social security systems have developed in the formal sector of rich economies. However, most of the poor and hungry in the world live in rural areas, surviving in the informal economy.

BERLIN and KUALA LUMPUR, Nov 19 (IPS) - Any balanced assessment of the so-called Chinese economic miracle will recognize that it was extremely successful, not only during the reform period from 1979, but also since Liberation in 1949 despite the setbacks of the Great Leap Forward and the Cultural Revolution.

KUALA LUMPUR and SYDNEY, Nov 13 (IPS) - Almost nine decades ago, newly elected US President Franklin Roosevelt introduced the New Deal in 1933 in response to the Great Depression. The New Deal consisted of a number of mutually supportive initiatives, of which the most prominent were: a public works programme financed by budget deficits; a new social contract to improve living standards for all working families, including creation of the US social security system; and financial regulation to protect citizens' assets and channel financial resources into productive investments.

KUALA LUMPUR and SYDNEY, Nov 05 (IPS) - The International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO), all dominated by rich countries, have long promoted trade liberalization as a ‘win-win' solution for "all people—rich and poor—and all countries—developed and developing countries", arguing that "the gains are large enough to enable compensation to be provided to the losers".

KUALA LUMPUR and SYDNEY, Oct 29 (IPS) - Industrial policy refers to the promotion of new investments and technology by governments to encourage the growth and development of specific economic sectors. However, scepticism persists about the feasibility and desirability of using industrial policy, especially of the ability to ‘pick winners', often accused of leading to ‘propping-up failing industries'.

KUALA LUMPUR and SYDNEY, Oct 22 (IPS) - Public or state development banking will be vital to achieving the Sustainable Development Goals, argues UNCTAD's Trade and Development Report 2019 (TDR 2019).

Ongoing World Bank led efforts seek to leverage private finance via shadow banking by using public money to guarantee handsome returns managed by giant investment houses. Such financialization introduce new costs and risks to financing investments for sustainable development, decent work and renewable energy.

SYDNEY and KUALA LUMPUR, Oct 15 (IPS) - The OECD Secretariat published its proposed ‘unified approach' to reform international tax rules to address tax challenges posed by digitalization on 9 October 2019.

Under current rules, there is little chance of a company being taxed without its physical presence in the country concerned. But digitalization enables many businesses to remotely conduct economic activities affecting a national economy without a direct physical presence.

KUALA LUMPUR, Malaysia, Oct 08 (IPS) - Two decades into the 21st century, all too many people still associate being ‘overweight' with prosperity, health and wellbeing, mainly because being thin has long been associated with being emaciated due to hunger, undernourishment and malnutrition.

Overweight and obesity can easily be assessed by anthropometric measures, including the body mass index (BMI) and waist circumference. But BMI thresholds for overweight and obesity may differ by ethnic group or country.

KUALA LUMPUR, Malaysia, Oct 01 (IPS) - A conjuncture of developments, short- and medium-term, have conspired to further slow the world economy. In recent months, the International Monetary Fund (IMF), among others, has acknowledged that global economic prospects are worsening, forcing it to make not one, but at least five consecutive growth forecast revisions, all downward.