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.

  • Covid-19 compounding inequalities

    The United Nations’ renamed World Social Report 2020 (WSR 2020) argued that income inequality is rising in most developed countries, and some middle-income countries, including China, the world’s fastest growing economy in recent decades.
  • Is development for the World Bank mainly doing business?

    The World Bank has finally given up defending its controversial, but influential Doing Business Report (DBR). In August, the Bank “paused” publication of the DBR due to a “number of irregularities” after its much criticised ranking system was exposed as fraudulent.
  • Milton Friedman versus stakeholder capitalism

    Milton Friedman was arguably the most influential economist of the second half of the 20th century, associated with promoting “neo-liberal”, free-market, shareholder capitalism.
  • 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.