Managing structural shifts was generally more successful in East Asia as costs and benefits were generally better shared and governments have been less reluctant to intervene in markets and direct investment finance accordingly. In China, production of protective masks increased from 15 million daily in early February to over 100 million every day by the end of month. – Reuterspix State intervention necessary Jomo Kwame Sundaram IT is now clear that most East Asian government responses to novel coronavirus or Covid-19 outbreaks...
Market finance ideology sees the stock market as a superior allocator of resources for investment in companies, which it rarely is. – Reuterspix Share buybacks enable predatory value extraction Jomo Kwame Sundaram GETTING government out of the way”, the neoliberal “free market” mantra, was supposed to boost private...
Major stock markets have suffered their worst performance since the 2008 financial crush. – AFPpix Coronavirus exposes global economic vulnerability Jomo Kwame Sundaram AS Covid-19 threatens to become a pandemic, major stock markets suffered their worst performance since...
Trump claims the US economy under his watch was “perhaps the greatest economy we’ve had in the history of our country”. – AFPpix Lucky Trump looking smug Jomo Kwame Sundaram MEETING the president of the Republic of Korea in September 2019, President Donald Trump bragged that...
Work resumes ... An employee wearing a face mask works on a production line making socks for export at a factory in Huzhou’s Deqing county, Zhejiang province, China on Feb 19. – China Daily/ Reuterspix Global economy still slowing Jomo Kwame Sundaram IN an annual ritual early in the year, most major economic organisations have released forecasts for...
Intellectual property raises costs of living Jomo Kwame Sundaram MANY medicines and medical tests are unaffordable to most of humanity owing to the ability of typically...
A school feeding programme needs to be supervised by well-informed nutritionists and dieticians. – Bernamapix School meals go a long way Jomo Kwame Sundaram IF well planned, coordinated and implemented, a government funded school feeding programme for all primary...
The US no longer designates any major trading partner, including China, of being a currency manipulator. – AFPpix Was China manipulating its currency? Jomo Kwame Sundaram MANY argue that China’s impressive growth for last four decades has been due to deliberate exchange rate...
Shipping containers, some marked “China Shipping”, are stacked at the Port of Los Angeles on Nov 6. After nearly two-years of bare-knuckle battling, Washington and Beijing on Dec 13 announced a bargain to end their trade dispute. – AFPpix Why is growth slowing in China? Jomo Kwame Sundaram CHINA’S gross domestic product (GDP) grew by 14%. Since then, its growth rate has declined by more than...
A protester wearing a yellow vest holds a placard reading “Capitalism is killing us” in front of France’s Finance Ministry during the movement’s 56th round of protests with a backdrop of social discontentment triggered by president Macron’s pensions reform plan in Paris on Saturday. – Reuterspix Inequality and its many discontents Jomo Kwame Sundaram MUCH recent unrest, such as the “yellow-vest” protests in France and the US “Abolish the Super-Rich”...
Pix from Twitter courtesy of @Topanesta Actor Adam Shahz praised for volunteering to help frontliners All the Buzz 29 Mar 2020 / 14:33
Screenshot from the video. (Video) Act of neighbour feeding dog whose owner is away tugs at heartstrings All the Buzz 29 Mar 2020 / 12:36
Pix from Twitter courtesy of @bertinder. Indonesian uses Syed Saddiq as Tinder photo All the Buzz 29 Mar 2020 / 10:59
