News stories by Jomo Kwame Sundaram, page 9

KUALA LUMPUR, Malaysia, Dec 13 (IPS) - With the US Fed raising interest rates, the world economy is slowing as debt distress spreads across the global South, increasing poverty worldwide to pre-pandemic levels, with the poorest countries faring worst.

KUALA LUMPUR, Malaysia, Dec 06 (IPS) - Greater government reliance on consulting companies has greatly enriched them while also undermining state capacities, capabilities, national economies, progress, governance and legitimacy.

KUALA LUMPUR, Malaysia, Nov 29 (IPS) - Many in the wealthy West have misrepresented the causes of global warming, offering false solutions while claiming the high moral ground. This distracts attention from how they became wealthy while emitting greenhouse gases.

KUALA LUMPUR, Malaysia, Nov 22 (IPS) - In recent decades, failure to sustain economic progress has been blamed on a supposed middle-income country (MIC) trap. Such blaming obscures as much as it supposedly explains.

KUALA LUMPUR, Malaysia, Nov 15 (IPS) - US President Joe Biden’s Indo-Pacific Framework for Prosperity (IPEF) is the economic arm of his administration’s Indo-Pacific Strategy, aimed at countering China’s influence in the region.

KUALA LUMPUR, Malaysia, Nov 08 (IPS) - Public-private partnerships (PPPs) for infrastructure and service provision are both costly and risky. Worse, PPPs typically fail to ensure universal, let alone fair access to public amenities.

KUALA LUMPUR, Malaysia, Nov 01 (IPS) - Governments the world over are worried about investor-state dispute settlement (ISDS) rules. These allow foreign investors to sue them for billions over new laws or policies reducing their profits.

KUALA LUMPUR, Malaysia, Oct 25 (IPS) - Policy approaches relying solely on voluntary actions to address urgent needs are unlikely to succeed. Depending on optional compliance to address global warming will not fix things in time.

KUALA LUMPUR, Malaysia, Oct 18 (IPS) - A senior manager of the world’s largest investment firm has ‘blown the whistle’ on ESG (environment, social and governance) ‘greenwashing’, especially on supposed climate finance.

KUALA LUMPUR, Malaysia, Oct 11 (IPS) - Finance has increased, not reduced, greenhouse gas (GHG) emissions. Meanwhile, funding for mitigation, and especially adaptation, is grossly inadequate, with little for climate losses and damages.