Articles by Jomo Kwame Sundaram

We found 11 results.


Privatization Increases Corruption
Jomo Kwame Sundaram | IPS/Human Wrongs Watch – TRANSCEND Media Service, 29 Jul 2019

23 Jul 2019 – International financial institutions (IFIs) have typically imposed wide-ranging policy reforms – called ‘conditionalities’ – in exchange for country governments to secure access to financial assistance. IFI policy conditionalities, such as the privatization of state-owned enterprises, can create new rentier opportunities, undermining government will and capacity to curb corruption.

→ read full article

Wealth Concentration Continues to Increase
Anis Chowdhury and Jomo Kwame Sundaram – Inter Press Service-IPS, 29 Jan 2018

23 Jan 2018 – As the ‘masters of the universe’ gather for their annual retreat at Davos, the World Economic Forum (WEF) has just published its Inclusive Development Index (IDI) for the second time.

→ read full article

Quantitative Easing for Wealth Redistribution
Jomo Kwame Sundaram – Inter Press Service-IPS, 28 Aug 2017

22 Aug 2017 – Following the 2007-2008 global financial crisis and the Great Recession in its wake, the ‘new normal’ in monetary policy has been abnormal. At the heart of the unconventional monetary policies adopted have been ‘asset purchase’ or ‘quantitative easing’ (QE) programmes. Ostensibly needed for economic revival, QE has redistributed wealth – regressively, in favour of the rich.

→ read full article

Genetically Engineered Disappointments
Jomo Kwame Sundaram and Tan Zhai Gen – Inter Press Service-IPS, 22 May 2017

16 May 2017 – Advocates of genetically engineered crops have long claimed that it is necessary to raise crop yields and reduce human exposure to agrochemicals. GE promised two major improvements: improving yields affordably to feed the world, and making crops resistant to pests to reduce the use of commercial chemical herbicides and insecticides. There has been little compelling evidence to this effect after two decades.

→ read full article

Growing Inequality under Global Capitalism
Anis Chowdhury and Jomo Kwame Sundaram – Inter Press Service-IPS, 8 May 2017

4 May 2017 – Income and wealth inequality has increased in recent decades, but recognition of the role of economic liberalization and globalization in exacerbating inequality has never been so widespread. The guardians of global capitalism are nervous, yet little has been done to check, let alone reverse the underlying forces.

→ read full article

Washington Rules Change, Again
Jomo Kwame Sundaram – Inter Press Service-IPS, 20 Feb 2017

16 Feb 2017 – Over the last four decades, the Washington Consensus, promoting economic liberalization, globalization and privatization, reversed four decades of active state intervention… More than ever, it will be crucial for developing countries to work together, not only to ensure that South-South and ‘triangular’ (with the North) cooperation represents a progressive alternative to the Washington Consensus and its national chauvinist successors. Such solidarity will determine how well the South — and the world as a whole — will fare during the coming eclipse.

→ read full article

ISDS Corporate Rule of Law
Jomo Kwame Sundaram – Inter Press Service-IPS, 5 Dec 2016

Investor-State Dispute Settlement provisions in ostensible free trade agreements and bilateral investment treaties have effectively created a powerful, privileged system of protections for foreign investors that undermine national law and institutions.

→ read full article

Privatization Cure Often Worse Than Malady
Jomo Kwame Sundaram and Anis Chowdhury – Inter Press Service-IPS, 7 Nov 2016

Privatization of SOEs has been a cornerstone of the neo-liberal counterrevolution that swept the world from the 1980s following the economic crisis. Developing countries, seeking aid from the IMF and the World Bank, often had to commit to privatization as a condition for credit support.

→ read full article

Trump, Clinton, Obama and the TPP
Jomo Kwame Sundaram – Inter Press Service-IPS, 17 Oct 2016

Americans and Europeans are increasingly convinced that while elite interests are well served by ‘globalization’, the public interests of consumers and working people are not. The strong American popular opposition to the TPP, the Brexit vote and other recent developments in the West suggest growing rejection of the myth that national public and corporate elite interests are identical.

→ read full article

US Government Report Exposes Exaggerated TPPA Growth Claims
Jomo Kwame Sundaram – Inter Press Service-IPS, 1 Aug 2016

28 Jul 2016 – The 2016 report by the US International Trade Commission acknowledges that the Trans-Pacific Partnership will not deliver many economic benefits promised by its cheerleaders. Implementing the TPP will greatly profit some large corporations, especially those getting IPR and financial rents.

→ read full article

The Trans-Pacific Partnership Fraud
Jomo Kwame Sundaram – Inter Press Service-IPS, 8 Feb 2016

The Trans Pacific Partnership Agreement privileges foreign investors while imposing substantial costs on partner countries. The TPP has, in fact already been used to try to kill the Doha ‘Development’ Round of multilateral trade talks, but may well also undermine multilateralism more broadly in the near future.

→ read full article