News stories by Jomo Kwame Sundaram, page 7

DAKAR and KUALA LUMPUR, Jun 20 (IPS) - Developing country governments are being blamed for irresponsibly borrowing too much. The resulting debt stress has blocked investments and growth in this unequal and unfair world economic order.

KUALA LUMPUR, Malaysia, Jun 17 (IPS) - Since 2008, farmland acquisitions have doubled prices worldwide, squeezing family farmers and other poor rural communities. Such land grabs are worsening inequality, poverty, and food insecurity.

KUALA LUMPUR, Malaysia, May 15 (IPS) - The IMF warns of a decade ahead of ‘tepid growth’ and ‘popular discontent’, with the poorest economies worst off. But as with inaction on Gaza, little is being done multilaterally to avert the imminent catastrophe.

KUALA LUMPUR, Malaysia, May 08 (IPS) - Africans have long been promised trade liberalisation would accelerate growth and structural transformation. Instead, it has cut its modest production capacities, industry and food security.

KUALA LUMPUR, Malaysia, Apr 24 (IPS) - Rich nations’ climate hypocrisy is accelerating global heating, pushing the planet closer to irreversible catastrophe, with its worst consequences borne by the poorest, both countries and peoples.

ACCRA, Ghana, Apr 17 (IPS) - The World Bank has exaggerated probable gains from the African Continental Free Trade Area (AfCFTA) to promote partial and uneven trade liberalisation that is unlikely to enhance development on the continent.

KUALA LUMPUR, Malaysia, Apr 09 (IPS) - Carbon dioxide emission taxes, prices and markets have been touted as key to stopping global heating. However, carbon markets have failed mainly because they favour the rich and powerful.

ACCRA, Ghana, Apr 03 (IPS) - Developing countries are being blamed for having borrowed and spent irresponsibly. But they have only been doing what foreign powers and financial interests have urged them to do.

ACCRA, Ghana, Mar 27 (IPS) - The IMF no. 2 recommends non-alignment as the best option for developing countries in the second Cold War as geopolitics threatens already dismal prospects for the world economy and wellbeing.

NEEMRANA, Rajasthan, India, Mar 20 (IPS) - Developing countries wanting to pursue industrial policy were severely reprimanded by advocates of the ‘neoliberal’ Washington Consensus. Now, it is being deployed as a weapon in the new Cold War.