Paul Keating took the prime ministership with a ‘comprehensive plan to get the country cracking’, but the task was daunting.
National Archives of Australia
Labor’s project of economic transformation hit some harder realities as Paul Keating assumed the top job. And a new push on remaking Australia stirred a brooding reaction of its own.
Cubans were jubilant when president Barack Obama visited the island in March, but economic reforms have not progressed in line with the people’s hopes of change.
In spite of rapprochement with the US, Cuban president Raúl Castro has put his reform agenda on hold. Why the delay?
The global economy may be more fragile than at any time since the financial crisis, Malcolm Turnbull said today.
Prime Minister Malcolm Turnbull's first major post-election economic speech revealed not a hint of awareness that large swathes of the electorate had been unpersuaded by his major policy programs.
BRICS leaders at a meeting ahead of the G20 summit in Turkey in 2015.
REUTERS/Mikhail Klimentyev/RIA Novosti/Kremlin
The BRICS bank is positioning itself to play a significant role in those areas in which the international financial institutions are seen to have failed.
George Osborne shows how it’s done.
Why Brexit would make a recovery in UK manufacturing much more difficult.
Even in the midst of the economic downturn Keating was keen to defend the surplus.
The 1990s obsession with the current account looks silly with hindsight, perhaps akin to our current one with fiscal deficits and surpluses.
Julius Malema, leader of the Economic Freedom Fighters (EFF). He has openly questioned Nelson Mandela’s economic policy legacy.
South African opposition politician Julius Malema has blamed economic policies put in place during Nelson Mandela's era for the country's high levels of inequality. He may have a point.
To remain globally competitive, Australia must focus on skills, knowledge and ideas to create the conditions for innovation.
Knowledge and ideas and their application are the key to creating the conditions for the level of innovation Australia needs to build its comparative advantage.
The failure for the Abbott government was in both communication and policy development.
There's no shortage of economic reform options on the table for the Turnbull government, the question is, can it convince the electorate?
When the global economy runs on bubbles.
In the shadow of a history-repeating Black Monday, it’s useful to step back and ask how we got here again.
Commission of Audit chair Tony Shepherd may well be asking: “What happened?”
The Commission of Audit set the high water mark for reform designed to protect Australia against an economic downturn. One year on, little of it has made it into policy.
Greece’s relief could be short-lived.
Having secured a temporary debt deal, Greece must now come clean on the economic reforms it plans to get the country back on track.
With Tony Abbott’s political capital at a new low, he’s shifting the focus from big reforms to small wins.
As the haze lifts (in the short term at least) on Canberra’s leadership ructions, we can see the extent of the car wreck that is Australia’s economic reform agenda. “Political uncertainty hits business…
Reforming prime ministers don’t always have the luxury of choice.
“Men make history,” Karl Marx wrote in 1859 in his Critique of Political Economy, “but not always in circumstances of their own choosing”. Whitlam himself would have chosen a different year to be his time…
Treasurer Joe Hockey plans to reignite the economic reform debate early next year, but will he tackle the bigger-picture changes many economists have called for?
AAP Image/Lukas Coch
In November 1990, then treasurer Paul Keating announced that Australia was in recession – and that it was “the recession we had to have”. Today, there are growing calls for serious, structural economic…