Stories written by Jomo Kwame Sundaram Jomo Kwame Sandaram is a Malaysian economist who currently serves as research advisor at the Khazanah Research Institute, a visiting fellow at the Initiative for Policy Dialogue at Columbia University, and an adjunct professor at the International Islamic University Malaysia (IIUM).
He was Assistant Secretary-General for Economic Development in the United Nations Department of Economic and Social Affairs (DESA) from 2005 to 2012, and Assistant Director-General and Coordinator for Economic and Social Development at the Food and Agriculture Organization (FAO) from 2012 to 2015. From 2010 to 2012 he acted as the G20 “sherpa” to UN Secretary-General Ban Ki-Moon and from 2011 as the UN’s G20 finance deputy.
After the 2018 Malaysian general election, Sundaram was appointed as one of five members of the Council of Eminent Persons, advising then Prime Minister Tun Dr. Mahathir Mohamed. Throughout his career, Sundaram has authored over 50 books, edited more than 50 volumes and written numerous academic papers and media articles. He has contributed over 400 opinion editorials to IPS Inter Press Service, covering a wide range of topics related to development, globalization, human rights and environmental issues.
US President Trump’s economic strategy for his second term aims to get the rest of the world, especially its wealthy allies with greater means, to pay more to help strengthen the US economy.
Opposition to data centres (DCs) has been rapidly spreading internationally due to their fast-growing resource demands. DCs have been proliferating quickly, driven by the popularity of artificial intelligence (AI).
Global South cooperation arrangements must evolve to better respond to pressing contemporary and imminent challenges, rather than risk being irrelevant straitjackets stuck in the past.
The World Bank’s 1981 Berg Report provided the blueprint for structural adjustment, including economic liberalisation in Africa. Urging trade liberalisation, it promised growth from its supposed comparative advantage in agriculture.
US President Trump’s snide barbs against his appointee, US Federal Reserve Bank Chairman Jerome Powell, have revived support for central bank independence – long abused by powerful finance interests against growth and equity.
Greenhouse gas (GHG) emissions have risen over the last two centuries, with current and accumulated emissions per capita from rich nations greatly exceeding those of the Global South.
The Global South had little voice, let alone influence, in shaping the economically ‘neoliberal’ and politically ‘neoconservative’ globalisation leading to contemporary geopolitical economic conflicts. Pacifist non-aligned cooperation for sustainable development offers the best way forward.
The accumulation of still growing greenhouse gas emissions (GHG) in an increasingly unequal world is accelerating planetary heating. It is also worsening disparities, especially between the rich and others, both nationally and internationally.
US President Trump has successfully used tariff threats to achieve economic, political and even personal goals. These threats, reminiscent of colonialism, have secured submission and concessions.
Trump’s billionaire cronies want more monopoly profits, not competition. With more policies crafted for them, wealth concentration is set to become greater than ever.
President Trump’s tariffs have exposed neoliberal trade ideology and undermined corporate lobbying in the name of free trade. But his rhetoric has also exposed the fallacies of his own economic strategy.
Wars, economic shocks, planetary heating and aid cuts have worsened food crises in recent years, with almost 300 million people now threatened by starvation.
With two-fifths of the world economy, East Asia can inspire others by creatively responding to the US President’s tariff challenge by promoting fair, dynamic and peaceful regional cooperation.
With President Trump’s efforts to end the Ukraine war, Europeans are now mainly responsible for prolonging it. Despite lame protestations of peace, Europe seems committed to fighting ‘to the last Ukrainian’.
US President Donald Trump has deliberately sown discord worldwide in attempting to remake the world to serve supposed American interests better. He will not cede influence, let alone power and control, to other nations, let alone people.
Donald Trump’s top economic advisor claims the President has weaponised tariffs to ‘persuade’ other nations to pay the US to maintain its supposedly mutually beneficial global empire.
US President Donald Trump has again seized global attention by arbitrarily imposing sweeping tariffs on the rest of the world. He reminds us America is still boss, claiming to ‘make America great again’ (MAGA) by ensuring ‘America first’ at everyone else’s expense.
The World Bank set its US ‘dollar-a-day’ poverty line using its 1990 data. Despite many doubts and criticisms, its poverty numbers fell until the COVID-19 pandemic began in 2020.
NATO geopolitical strategy has now joined the ‘coalition’ of Western geoeconomic forces accelerating planetary heating, now led again by re-elected US President Donald Trump.
Donald Trump’s Make America Great Again (MAGA) appeal captured US mass discontent against globalisation. In recent decades, variations of America First have reflected growing ethnonationalism in the world’s presumptive hegemon.
Many in the West, of the political right and left, now deny imperialism. For Josef Schumpeter, empires were pre-capitalist atavisms that would not survive the spread of capitalism. But even the conservative Economist notes President Trump’s revival of this US legacy.