Anis Chowdhury

Recent and archived articles by Anis Chowdhury

5 Dec 2018 | 2:38 PM

Havana charter's progressive trade vision subverted

KUALA LUMPUR & SYDNEY: In criticizing the "free trade delusion", UNCTAD's 2018 Trade and Development Report proposes an alternative to both reactionary nationalism, recently revived by President Trump, and the corporate cosmopolitanism of neoliberal multilateral discourse in recent decades by revisiting the Havana Charter on its 70th anniversary.

William L Clayton signs on behalf of the US government the Final Act of the Havana Charter of the UN Conference on Trade and Employment.
17 Oct 2018 | 7:54 PM

Developing countries losing out to digital giants

KUALA LUMPUR and SYDNEY: A new United Nations report warns that the potential benefits to developing countries of digital technologies are likely to be lost to a small number of successful first movers who have established digital monopolies.

3 Oct 2018 | 3:03 PM

Trade war due to deeper malaise

KUALA LUMPUR and SYDNEY: The world economy remains tepid and unstable a decade after the 2008 financial crisis, while growing trade conflicts are symptoms of deeper economic malaise, according to a new United Nations publication.

13 Sep 2018 | 2:26 PM

Great Recession, greater illusions

SYDNEY and KUALA LUMPUR: In 2009, the world economy contracted by -2.2%. Growth in all developing countries declined from around 8% in 2007 to 2.6% in 2009 as the developed world contracted by -3.8% in 2009. The collapse of the Lehmann Brothers investment bank in September 2008 symbolized the US financial crisis that triggered the Great Recession of 2008-2009.

20 Jul 2018 | 1:39 PM

Will Trump's trade war make America great again?

SYDNEY/ KUALA LUMPUR: In 2017, the US trade deficit in goods and services was US$566bil; without services, the merchandise account deficit was US$810bil.

Trump views most trade deals such as Nafta as unfair. His team insists that renegotiating trade deals, “buying American”, a strong dollar and confronting China will shrink US trade deficits.
2 May 2018 | 12:38 PM

Blending finance not SDG financing silver bullet

SYDNEY/KUALA LUMPUR: After largely failing to provide 0.7 per cent of their Gross National Income (GNI) in aid to developing countries for almost half a century since making the commitment, donor countries have recently promoted blended finance (BF) as a solution to the financing for development challenge.

Jomo Kwame Sundaram: "Despite much enthusiasm for using ODA or public funds to leverage private finance, many unanswered questions remain, suggesting BF is no silver bullet."
13 Mar 2018 | 10:15 AM

Trump's trade war in perspective

SYDNEY & KUALA LUMPUR, Mar 12: US President Donald Trump's recent announcement of steep tariffs on steel and aluminium imports seems to have shocked US allies, even though these were among his 2016 election promises. The European Union (EU), Australia and Canada reacted sharply, in contrast to the more restrained response from China, the main target of earlier actions.

24 Jan 2018 | 12:27 PM

Wealth concentration continues to increase

SYDNEY and KUALA LUMPUR: 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.

4 Jan 2018 | 12:08 PM

Trade multilateralism set back yet again

SYDNEY and KUALA LUMPUR: As feared, the Eleventh Ministerial Conference (MC11) of the World Trade Organization (WTO) in Buenos Aires, Argentina, on December 10-13 2017, ended in failure. It failed to even produce the customary ministerial declaration reiterating the centrality of the global trading system and the importance of trade as a driver of development.

16 Nov 2017 | 12:48 PM

Finance following growth

SYDNEY and KUALA LUMPUR: Economists of all persuasions recognise the critical role of finance in economic growth.

The IMF found that three quarters of credit booms in emerging markets end in banking crises.