Tagged economy

On March 20, 2021, we celebrate the 9th annual International Day of Happiness, a day commemorated by the General Assembly of the United Nations to acknowledge the inextricable connection between well-being and human development around the globe. On this day, the international community – including world leaders, policymakers, and economists – are reminded that well-being must be measured through determinants far more complex than income and wealth accumulation. This idea is not modern in any sense. Quoting Aristotle from his book Nicomachean Ethics, “wealth is…

This article by Anis Chowdhury and Jomo Kwame Sundaram was originally published on ksjomo.org. The original can be accessed here.   SYDNEY and KUALA LUMPUR: Vaccine developers’ refusal to share publicly funded vaccine research findings is stalling broader, affordable vaccinations which would more rapidly contain COVID-19 contagion. The pandemic had infected at least 109 million…

Over the past weeks the global patchwork of economic interactions has unravelled, with economic activity grinding to a near halt as consumer spending collapsed, businesses closed, financial markets imploded, and supply chains fractured. According to the International Monetary Fund’s (IMF) Managing Director, the world has entered into ‘a recession at least as bad as during…

COVID-19, the coronavirus that made its presence felt first in China a few months ago is currently laying siege on the whole world. Country after country impose restrictions on the movement of people to reduce the probability of infection, with the number of enforced lockdowns increasing fast. The resulting reduction in demand for goods and…

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