Weaponized Economics: Debt, Tariffs & Global Exploitation with Jomo Kwame Sundaram

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Jomo Kwame Sundaram, Research Advisor at Khazanah Research Institute, economics professor at the University of Malaya and founding chair of IDEAS, joins Ileana Chan for episode 28 of Global Majority for Peace.

In this episode, Jomo unpacks the far-reaching consequences of U.S. trade policies, the IMF, and the shifting dynamics of global power. From Trump’s sweeping tariff hikes—impacting nations across the globe—to the escalating trade war with China, he analyzes the stakes and reveals who is best positioned to endure the fallout.

Jomo delves into the IMF and World Bank’s history of economic coercion disguised as development aid, the paradox of South Korea’s economic resilience despite its status as a de facto U.S. military colony, and the broader impact of U.S. imperialism on global trade. With sharp insights into neoliberal privatization, foreign aid exploitation, and the realities of economic dependency, he sheds light on how imperialism continues to shape international economics.

For more from Jomo:
https://jomomydevplus.substack.com/ (on Malaysia)
https://jomodevplus.substack.com/

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The Global Majority for Peace podcast brings you in-depth interviews every THURSDAY to discuss our mission of building a global movement in opposition to the war drive against China, Russia and countries in the Global South.

#Worldbank #economy #tariffs #trump #debttrap