Stories written by Martin Khor

Stock Market Turmoil May Expose Flaws in Global Finance

Was last week’s global stock market sell-off only a “correction” or does it signify a new period of financial instability, caused by major flaws in the world financial system?

Create “Sponge Cities” to Tackle Worsening Floods

With floods now causing more damage more frequently around the world, it is time to counter their effects by turning our towns into "Sponge Cities", a recent trend popularised by China to absorb rainwater through permeable roads and pavements, parks, rooftop gardens and other green spaces.

Critical Issues to Watch in 2018

Another new year has dawned, and on a world facing serious disruption on many fronts.  What are the trends and issues to watch out for in 2018?

Goodbye to 2017, a Trump-dominated Year

In 2017, Donald Trump dominated the year by using US clout to change many aspects of global relations, and not for the better.

Action Needed to Avoid the End of Modern Medicine

The next time you have a bad cold and reach for the antibiotics left over from your last visit to the doctor, think again.

Prepare Now for the Next Financial Crisis

The Asian financial crisis started 20 years ago and the global financial crisis and recession 9 years back. When a new global financial crisis strikes, the developing countries will be more damaged than in the last crisis as they have become less resilient and more vulnerable.  They thus need to prepare from being overwhelmed.

The Asian Financial Crisis — 20 Years Later

It’s been 20 years since the Asian financial crisis struck in July 1997.   Since then there has been an even bigger global financial crisis, centred in the United States starting in 2008.  Will there be another crisis in the near future?

US Pull-out from Paris Deal: What it Means

By withdrawing the United States from the Paris Agreement, President Donald Trump abdicated not only leadership but membership of the community of nations cooperating to tackle climate change, the most serious crisis facing humanity.

Global Climate Policy in an Uncertain State of Flux

Global climate change policy is in a state of flux, with all other countries waiting for the United States to decide whether to leave or remain in the Paris Agreement.

Trump’s First 100 Days: a Serious Cause for Concern

This week, Donald Trump will mark his first hundred days as US President.  It’s time to assess his impact on the world, especially the developing countries.

Reflections on World Health Day

What’s the most precious thing in the world which unfortunately we take for granted and realise it true value when it is impaired? Good health, of course.

The Robots are Coming, your Job is at Risk

Last year Uber started testing driver-less cars, with humans inside to make corrections in case something goes wrong. If the tests go well, Uber will presumably replace their present army of drivers with fleets of the new cars.

Avoid Patent Clauses in Trade Treaties that can Kill Millions

Recently a very interesting article on why there are inequalities in access to health care and how  medicine prices are beyond the reach of many people was published in The Lancet, one of the most prestigious medical journals in the world.

The Planned US Border Tax Would Most Likely Violate WTO Rules – Part 2

As American lawmakers and the Trump administration prepare the ground for introducing a border adjustment tax, many controversial issues have emerged, including whether they go against the rules of the World Trade Organisation (WTO).

Beware of the New US Protectionist Plan, the Border Adjustment Tax – Part 1

A new and deadly form of protectionism is being considered by Congress leaders and the President of the United States that could have devastating effect on the exports and investments of American trading partners, especially the developing countries.

Shocks for Developing Countries from President Trump’s First Days

His first days in office indicate that President Donald Trump intends to implement what he promised, with serious consequences for the future of the United Nations, trade, the environment and international cooperation, and developing countries will be most affected.

2017 — A Thunderous Clash of Politics, Economies and Policies

Yet another new year has dawned.   But 2017 will be a year like no other.

Rethinking trade policy and protectionism in the Trump era

What kind of trade policy will the United States have under President Donald Trump? This is a hot issue, as Trump has made unorthodox pronouncements on trade issues during and after the election campaign. If he acts on even some of the positions he took, it will create a sea change in trade policy in the US and possibly the world.

Initial Global Effects of Trump Even Before Taking Office

Even before taking office, President-Elect Donald Trump and the policies he promised during his campaign are already having a worldwide impact in at least three areas --  global finance, trade and climate change.

Actions Needed Urgently to Tackle Air Pollution – Part 2

As evidence mounts on the threats posed by air pollution to both human health and the environment, action must be urgently taken to address this problem.  

Air Pollution Emerges as a Top Killer Globally – Part 1

New research is showing that air pollution is a powerful if silent killer, causing 6.5 million worldwide deaths as well as being the major cause of climate change.   

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