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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.
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World Bank’s ‘Mobilising Finance for Development’ not financing development
The World Bank leadership must urgently abandon its “Maximising Finance for Development” (MFD) hoax. Instead, it should resume its traditional multilateral development bank role of mobilising funds at minimal cost to finance developing countries. -
ISDS enables making more money from losses
With the Covid-19 contagion from late 2019 spreading internationally this year, governments have responded, often in desperation. Meanwhile, predatory international law firms are encouraging multimillion-dollar investor-state dispute settlement (ISDS) lawsuits citing Covid-19 containment, relief and recovery measures. -
Financialisation: Tackling the other virus
The 1971 Bretton Woods (BW) system collapse opened the way for financial globalisation and transnational financialisation. Before the 1980s, most economies had similar shares of trade and financial openness, but cross-border financial transactions have been increasingly unrelated to trade since then. -
West First policies expose myths
As the epicentre of the Covid-19 pandemic shifts from China to the developed West, all too many rich countries are acting selfishly, invoking the “national interest”, by banning exports of vital medical supplies. -
Intellectual property raises costs of living
Many medicines and medical tests are unaffordable to most of humanity owing to the ability of typically transnational pharmaceutical giants to abuse their monopoly powers, enforced by intellectual property laws, to set prices to maximise profits over the long term.
