UN Secretary-General Ban Ki-moon, Bhutanese Prime Minister Jigmi Thinley, Costa Rican President Laura Chinchilla and administrator of the UN Development Program, Helen Clark at last week’s UN meeting on wellbeing and happiness.
Casa Presidencial República de Costa Rica
What do the following people have in common? Nobel laureate economist Joseph Stiglitz, former Australian deputy prime minister Tim Fischer, UN Secretary-General Ban Ki-moon, HRH Prince Charles, OECD chief…
Raul Castro has been looking to China’s economic model to relieve Cuba of its stagnant output and mounting foreign debt.
AAP
Dashing the opposition’s hopes, Pope Benedict XVI’s visit to Cuba last month ended up resembling that of his predecessor John Paul II fourteen years prior. The island’s leaders emerged from both visits…
AWU chief Paul Howes’ call for the Reserve Bank to tackle more than inflation should serve as an ongoing debate about macroeconomic policy.
AAP
The head of the Australian Workers Union chief Paul Howes has called on the Federal government to urgently review the Charter of the Reserve Bank of Australia, suggesting its current policy setting is…
Negotiations by women at work continue to be influenced by traditional gender attitudes.
Flickr/Seattle Municipal Archives
The “equal pay for equal work” dream is yet to become a reality. Not only do women earn, on average, 17.6% less than men, there are worrying signs that this wage gap may be starting to increase. What this…
The ability of our politicians to achieve a surplus or balance the budget is spuriously taken as a measure of fiscal responsibility.
AAP
The Federal Government’s quest to return the budget to surplus raises many questions and not just about what immediate rationale there is on economic grounds for this strategy. It also raises deeper questions…
If Australia wants to be a leading force in the knowledge economy, strategic investment in university research and infrastructure will be essential.
Novartis AG
At a time when unprecedented levels of investment are being made in university infrastructure in nations such as China and India, it is worth reflecting on how Australia has built its notable areas of…
Cooperatives are among the largest and oldest businesses in Australia. But the structure is often misunderstood.
Flickr
Tim Mazzarol, The University of Western Australia and Elena Limnios, The University of Western Australia
2012 is the United Nation’s International Year of the Co-operative. This is a once in 25 year opportunity to acknowledge these important but often misunderstood businesses. What is a co-operative or mutual…
China will dominate global steel production, but Australia can have a future in high value steel making - if we don’t lose our nerve.
AAP
Recently, I met a friend at a conference in Japan. My friend is a specialist in steelmaking technology and, after a long successful career in Japan, had taken up a position in a Chinese Steel company called…
After success in Europe and the US, subscription-based music streaming service, Spotify is launching in Australia. Could it be a musical saviour?
Flickr/capsun
International music provider Spotify is preparing for its launch into the Australian market later this year. As a subscription-based streaming service, the success of the Stockholm-based Spotify across…
Is the “waterbed effect” - where manufacturers attempt to recoup discounts given to large retailers by raising prices for smaller competitors - an issue in Australia?
AAP
When a major retailer uses its countervailing power (or “market muscle”) to negotiate better terms from suppliers, should policy makers be concerned? In Australia, the debate has focused on dairy farmers…
The level of business crime is lower in China than other emerging economies - but bribery and forgery are more frequent than in Australia.
AAP
Few crime victim surveys have been conducted with Chinese populations, but a recently released study, Business and the Risk of Crime in China, analyses the results of the first large scale victimisation…
Talk of a Chinese property bubble has been greatly exaggerated.
Spiffy0777
Five years on, the US economy remains sluggish after the bursting of a house price bubble. More recently, the focus has been on China, the world’s second largest economy, and whether it too might be overwhelmed…
The productivity of parents should not be the main driver for childcare.
AAP
The Productivity Commission is an inappropriate adviser on how best to fund nannies - because many of the problems of the current child care funding model is a result of its market focus. Good services…
Over the space of 25 years, Huawei has shaken off its humble beginnings and transformed into a global telecommunications juggernaut.
Konrad Andrews
Up until last week, many Australians were probably unaware of Chinese telcommunications company Huawei. But the decision by the federal government to ban Huawei from any involvement in the National Broadband…
Plans by Spain’s new conservative government to push through deep labour reform has provoked protests, as it struggles to tackle its soaring unemployment rate.
AAP
Spain’s general strike last week has sent a clear message to other Eurozone countries about how challenging it may be to implement labour market reform. The strike was mostly peaceful, with the exception…
Raising the income tax rate can disproportionately burden young people and low-income earners.
www.seniorliving.org
Oliver Wendell Holmes, jnr famously said that he liked paying income tax: it was the price of civilisation. Sure, he bought his civilisation at about seven cents in the dollar, but the general point remains…
Rupert Murdoch used social media platform Twitter to hit back at piracy and hacking allegations.
AAP
Reading this week’s media coverage of the NDS hacking and piracy allegations the first thing that springs to mind is that this continues an ‘Annus Horribilis’ for the Murdoch clan which began with News…
Huawei has trumpeted its private-sector credentials, but it is a critical supplier of technology to the People’s Liberation Army and has strong links to the CCP.
AAP
In response to the Australian government’s decision to prevent Huawei from tendering for National Broadband Network projects, Huawei Australia went on the offensive. Former foreign minister and current…
The tax transfer system does not treat all families equally.
Sean Dreilinger
Most of the reforms proposed by the Henry Tax Review appear to have died a quiet death. In his recent article on inequality in The Monthly, Treasurer Wayne Swan does not mention the Henry Review at all…
Changing patterns in Indian migration in Australia is also altering the flow of money between the two nations.
Flickr/Chris Hacking
“This house, Australia. This house, Australia. This house, Australia,” says Mohinder (a pseudonym) 29, pointing out that young men from six of the 13 houses in his alley in TarnTaran have migrated. “That…
News Corporation is facing claims a subsidiary engaged in piracy against pay TV rivals in a bid to destabilise them.
AAP
The Australian Financial Review has published allegations that a “secret unit” within Rupert Murdoch’s News Corporation undertook a program of piracy against pay television operators in a bid to damage…
Pascal Lamy, World Trade Organisation Director-General, will need to closely observe China’s export policy on rare earths.
AAP
Recent complaints to the World Trade Organisation (WTO) by the US, EU and Japanese governments against China have highlighted once again the difficulties facing the largest trading partners in the global…
Will adopting a foreign currency make Iceland’s volatile economy more stable?
puyol5
After having gone through a dramatic financial meltdown and two years of recession in 2009 and 2010, Iceland started to recover in 2011 and IMF estimates now indicate that economic growth should average…
Chinese telco giant Huawei’s preclusion from tendering for the NBN will have far-reaching implications for investment by Chinese-controlled companies in Australia.
AAP
It will no doubt be surprising to the former Liberal Foreign Minister, Alexander Downer, and former Victorian Labor Premier, John Brumby, that they sit on the board of a corporate entity apparently judged…
Changes to foreign ownership laws in Indonesia will present further challenges for mining companies.
AAP
The recent announcement that foreign mining companies in Indonesia would have to sell at least 49% of their shares to local interests raises questions about whether this indicates a change of direction…