Jomo Kwame Sundaram | The Daily Star
  • Jomo Kwame Sundaram

    Jomo Kwame Sundaram, a former economics professor and United Nations Assistant Secretary-General for Economic Development, received the Wassily Leontief Prize for Advancing the Frontiers of Economic Thought in 2007.

  • Trade liberalisation for development?

    The International Monetary Fund (IMF), the World Bank and the World Trade Organisation (WTO), all dominated by rich countries, have long promoted trade liberalisation as a “win-win” solution for “all people—rich and poor—and all countries—developed and developing countries”, arguing that “the gains are large enough to enable compensation to be provided to the losers”.
  • Finance Global Green New Deal for Sustainable Development

    the United Nations (UN) Sustainable Development Goals (SDGs) can only be achieved by 2030 with the political will to change international economic rules and mobilise resources needed for a massive public sector-led investment push to reinvigorate world
  • Privatisation increases corruption

    International financial institutions (IFIs) have typically imposed wide-ranging policy reforms—called “conditionalities”—in exchange for country governments to secure access to financial assistance.
  • Neoliberal reforms strengthening monopoly power and abuses

    Over the last four decades, growing concentration of market power in the hands of oligopolies, if not monopolies, has been greatly enabled by ostensibly neoliberal reforms, worsening wealth concentration and gross inequalities in the world.
  • Has privatisation benefitted the public?

    In most cases of privatisation, some outcomes benefit some, which serves to legitimise the change. Nevertheless, overall net welfare improvements are the exception, not the rule.