Dr. Neva Goodwin, Dr. Stephen DeCanio, Provost Jamshed Bharucha, Dr. Jomo Kwame Sundaram, and Dr. William Moomaw.
(This book attempts to understand economic developments in...)
This book attempts to understand economic developments in Malaysia in the early and mid-Eighties, focusing on growth, balance of payments, fiscal and debt trends. They are all seen against global trends, earlier developments in the Malaysian economy and other changes in Malaysian society.
(Rent-seeking is about buying influence, which can range f...)
Rent-seeking is about buying influence, which can range from lobbying to corruption. The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended if it is to explain the anomalous role played by rent-seeking in Asian countries.
(As Malaysia's government responded to the 1997-98 financi...)
As Malaysia's government responded to the 1997-98 financial crisis, the global financing community criticised its measures as bail outs for politically-influential corporate interests. When the economy recovered strongly in 1999 and 2000, Malaysian leaders claimed that their policies, including the capital controls so widely criticised at that time, were in fact responsible for recovery. This book sets the record straight: refuting both sets of claims, and bringing a refreshing new perspective on the crisis and its aftermath. With clear and concise arguments, this book sheds new light on the Asian crisis and government policy responses, with emphases on its capital controls as well as corporate, bank and debt restructuring exercises. Written in accessible prose, together with chronologies of events and case studies, this book will appeal to general readers and those who wish to better understand economic policy issues in Malaysia and the region.
(In this endnote address delivered at the 11th General Ass...)
In this endnote address delivered at the 11th General Assembly of CODESRIA, held in Maputo in 2005, Sundaram notes that over three decades of economic stagnation, contraction and increased poverty have taken a huge toll on Africa's economic, social and political fabric; and pro-active efforts are urgently required in order to build new capacities and capabilities for development. He argues that much of the ostensible conventional wisdom regarding African development and poverty is often both erroneous and harmful; and calls for greater 'policy space' for African governments to choose or design their own development strategies, as well as implement more appropriate development policies. (This dual language edition is in both English and French).
(This pioneering volume develops an institutionalist analy...)
This pioneering volume develops an institutionalist analysis of Malaysia’s post-colonial economy by exploring the political economy of development and particularly the interface between economics and law. The various authors show that economic policy initiatives in Malaysia have often been accompanied by corresponding legislative and regulatory reforms intended to create an appropriate legal environment, and that economic problems or crises arising from earlier policies have led to major legislative innovations. The volume begins with a survey of Malaysia’s colonial legal heritage and significant postcolonial developments, and the relationship between economic change, institutional developments and the law. Colonial land law transformed the rural Malay population, and the authors show that the routine depiction of this sector of the economy as a “traditional” relic of the pre-colonial era is misleading. With regard to industry, the government changed course after independence, promoting manufacturing investments and technological progress, and forging new industrial relations between the state and trade unions. Drawing on this background the book rejects claims that corporate governance failures caused the financial crisis of the 1990s, and criticizes claims for the superiority of Anglo-American arrangements for corporate governance.
(This is the first book to look at labor in Malaysian serv...)
This is the first book to look at labor in Malaysian services, and also the first to use the labor market segmentation approach to study Malaysian labor. As in most other countries, the services sector has long accounted for more of the labor force than manufacturing in Malaysia. Studies of those working in services in developing countries have tended to focus on the public sector and, in recent decades, the informal sector. This study of workers in services also covers those in private enterprises, both modern (e.g. financial services) and traditional (e.g. transportation services). This study also looks more generallyat Malaysian labor market segmentation, especially at ethnicity and gender. Of particular importance are the impact of structural change in the economy and the interaction between these processes and the labor market on job and pay opportunities.
(The 1944 Bretton Woods conference created new institution...)
The 1944 Bretton Woods conference created new institutions for international economic governance. Though flawed, the system led to a golden age in postwar reconstruction, sustained economic growth, job creation, and postcolonial development. Yet financial liberalization since the 1970s has involved deregulation and globalization, which have exacerbated instability, rather than sustained growth. In addition, the failure of Bretton Woods to provide a reserve currency enabled the dollar to fill the void, which has contributed to periodic, massive U.S. trade deficits. Our latest global financial crisis, in which all these weaknesses played a part, underscores how urgently we must reform the international financial system. Prepared for the G24 research program, a consortium of developing countries focused on financial issues, this volume argues that such reforms must be developmental. Chapters review historical trends in global liquidity, financial flows to emerging markets, and the food crisis, identifying the systemic flaws that contributed to the recent downturn. They challenge the effectiveness of recent policy and suggest criteria for regulatory reform, keeping in mind the different circumstances, capacities, and capabilities of various economies. Essays follow ongoing revisions in international banking standards, the improved management of international capital flows, the critical role of the World Trade Organization in liberalizing and globalizing financial services, and the need for international tax cooperation. They also propose new global banking and reserve currency arrangements.
(While good governance is a worthy goal, this book argues ...)
While good governance is a worthy goal, this book argues that it is not a prerequisite for economic growth or development. The book exposes the methodological shortcomings of the commonly-used governance indicators developed within the World Bank. The authors argue that donors should not impose onerous good governance conditions, expecting the developing world to simulate now-developed countries. They contend that most poor countries lack the administrative and financial capacity to achieve these reforms or institutions - so donor conditionality often becomes a recipe for failure. In place of grand government reforms aimed at enhancing market efficiency, the book's position is that the reform agenda should target strategic bottlenecks for development and enhance the state's capacity to deal with these disruptions. Bringing together contributions from leading political scientists, political economists and development practitioners, this is the first book to provide a systematic critical perspective on received notions of good governance.
(Malaysia has grown and changed a great deal since it was ...)
Malaysia has grown and changed a great deal since it was formed on 16 September 1963. It was then seen as an unlikely nation hastily put together as a federation of British controlled territories in the region. Brunei's refusal to join at the eleventh hour and Singapore's secession before its second birthday only seemed to confirm such doubts. Yet, it has not only survived, but even thrived, often cited as a developing country worthy of emulation. Ruled by the same ruling coalition since the mid-1950s, it has been tempting to emphasize continuities, and there certainly have been many. Looking back at its last half century, this volume first considers changes in development policy in response to national as well as international developments. The remaining three parts consider how public policy has been influenced by and has, in turn, influenced economic distribution, public finance and economic federalism. Besides the familiar focus on ethnic disparities, regional and other distribution issues are considered. The discussion of government taxation as well as spending also focuses on distribution implications. Although constitutionally a federation, Malaysia has been more centralized than most federal states. The way forward requires greater sensitivity to the complex political economy of Malaysia's unlikely, but nonetheless resilient federation and ruling coalition.
(In November 2014, representatives from over 170 governmen...)
In November 2014, representatives from over 170 governments, together with leaders of inter-governmental organizations and civil society – including non-governmental organizations, researchers, the private sector, and consumer representatives – converged in Rome for the Second International Conference on Nutrition (ICN2). ICN2 was organized by the Food and Agriculture Organization of the United Nations (FAO) and the World Health Organization (WHO) to mobilize and unite the international community for the protracted struggle against malnutrition. The conference and its preparatory process provided a forum in which the world community, led by governments, affirmed its shared commitment to eradicating malnutrition by adopting the Rome Declaration and reaching agreement on a comprehensive, harmonized Framework for Action. Ending Malnutrition: From Commitment to Action aims to make available the insights and judgments that emerged from ICN2 to practitioners across the world. It begins with a review of current evidence on the prevalence and incidence of malnutrition across the globe. It then presents analyses of the most salient policy issues to be confronted in a concerted global effort to end malnutrition: strengthening food systems as the core of a sustainable nutrition strategy; promoting social protection to address underlying inequities as well as immediate needs that contribute to malnutrition; using fortification and supplementation, especially, to address micronutrient deficiencies; and ensuring improved access to water and sanitation for an effective nutrition strategy. A concluding chapter focuses on the indispensable role that multilateral institutions can play in accelerating and sustaining global momentum on nutrition, and to secure a place for nutrition at the forefront of the post-2015 sustainable development agenda. Throughout, the emphasis is on practical steps that can be taken by governments and their partners to end malnutrition in all its forms.
Sundaram studied at Westlands Primary School in Sittingbourne from 1959 to 1963. He attended the Penang Free School in George Town in 1964–1966 and the Royal Military College between 1967–1970.
Three years later Jomo received a Bachelor of Arts degree from Yale University. Then in 1974, he was given a Master of Public Administration degree and a Doctor of Philosophy degree in 1978 from Harvard University.
Sundaram began his career as a lecturer at National University of Malaysia in 1977 and held it for three years. Then in 1981, he took a position of an associate professor of economics at the same university.
In 1982, Jomo was appointed an associate professor at the University of Malaya. Also in 1986 he became a professor of economics at that university, where he served until his retirement in 2004.
In 1974, he was a temporary lecturer at Science University of Malaysia. Then Jomo decided to take a position of a visiting instructor at Yale University and a visiting professor at Cornell University in 1993.
Sundaram worked as a director at the Institute of Social Analysis from 1978 to 2004. In 2001, he became a chair of International Development Economics Associates and held the position for three years.
Jomo served as an assistant secretary-general for Economic Development in the United Nations' Department of Economic and Social Affairs from January 2005 until August 2012. Since December 2006 he was a research coordinator for the G24 Intergovernmental Group on International Monetary Affairs and Development.
Also he served as the G20 sherpa for the United Nations Secretary General besides serving as G20 Finance Deputy for the United Nations since 2011. Nowadays, since 10 May 2018, Sundaram has been one of five members of an advisory team called "Council of Eminent Persons" for Malaysian government. He holds the position of Tun Hussein Onn Chair in International Studies at the Institute of Strategic and International Studies in Malaysia. He is a visiting senior fellow at Khazanah Research Institute, visiting fellow at the Initiative for Policy Dialogue, Columbia University and adjunct professor at the International Islamic University in Malaysia.
(In this endnote address delivered at the 11th General Ass...)2008
(In November 2014, representatives from over 170 governmen...)2015
(This pioneering volume develops an institutionalist analy...)2008
(As Malaysia's government responded to the 1997-98 financi...)2005
(This book attempts to understand economic developments in...)1990
(This is the first book to look at labor in Malaysian serv...)2009
(While good governance is a worthy goal, this book argues ...)2012
(The 1944 Bretton Woods conference created new institution...)2011
(Malaysia has grown and changed a great deal since it was ...)2013
(Rent-seeking is about buying influence, which can range f...)2000
Jomo was a vice-president of Malaysian Social Science Association from 1979 to 1987 and a president of Malaysian Social Science Association in 1996-2000.
On March 16, 1985 Sundaram married Shamsulbahriah Ku Ahmad. Their marriage ended on September 9, 1991. They have 2 children. Then in 2004 he married Felice Noelle Rodriguez.