News stories by Jomo Kwame Sundaram, page 6

KUALA LUMPUR, Malaysia, Nov 06 (IPS) - Despite earlier income convergence among nations, many low-income countries (LICs) and people are falling further behind. Worse, the number of poor and hungry has been increasing again after declining for decades.

KUALA LUMPUR, Malaysia, Oct 22 (IPS) - New institutional economics (NIE) has received another so-called Nobel prize, ostensibly for again claiming that good institutions and democratic governance ensure growth, development, equity and democracy.

KUALA LUMPUR, Malaysia, Oct 09 (IPS) - After 2.5 years, US President Joe Biden's Indo-Pacific Framework for Prosperity (IPEF) is increasingly irrelevant due to its own limitations and broader US foreign policy shifts.

CAIRO, Sep 24 (IPS) - Net zero emissions by 2050 prioritise mitigation for climate stabilisation. Pledges to achieve this still distant target have grown but inadvertently delay urgently needed climate action in the near term.

KUALA LUMPUR, Malaysia, Sep 11 (IPS) - Marginalised and dominated economically by the Global North, developing countries must urgently cooperate to better strive for their shared interests in achieving world peace and sustainable development.

KUALA LUMPUR, Malaysia, Aug 28 (IPS) - Oxfam expects the world's first trillionaire within a decade and poverty to end in 229 years! The wealth of the world's five richest men has more than doubled from 2020, as 4.8 billion people became poorer.

KUALA LUMPUR, Malaysia, Aug 14 (IPS) - When history repeats itself, the first time is a tragedy; the next is a farce. If we fail to learn from past financial crises, we risk making avoidable errors, often with irreversible, even tragic consequences.

KUALA LUMPUR, Malaysia, Jul 24 (IPS) - Many low-income countries (LICs) continue to slip further behind the rest of the world. Meanwhile, people in extreme poverty have been increasing again after decades of decline.

KUALA LUMPUR, Malaysia, Jul 08 (IPS) - For some time, most multilateral financial institutions have urged developing countries to borrow commercially, but not from China. Now, borrowers are stuck in debt traps with little prospect of escape.

KUALA LUMPUR, Malaysia, Jun 26 (IPS) - Comparative research on healthcare financing options shows revenue-financed healthcare to be the most cost-effective, efficient, and equitable, while all health insurance imposes avoidable additional costs.