Articles on Economic policy

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The global economy may be more fragile than at any time since the financial crisis, Malcolm Turnbull said today. AAP/Tracey Nearmy

The electorate has spoken, but Turnbull’s speech shows he hasn’t listened

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.
Hawkers sell goods on the streets of Zimbabwe’s capital, Harare. Imports of bottled water from South Africa have been banned. Reuters/Philimon Bulawayo

Lessons to be learnt from Zimbabwe’s blunt use of an import ban

The control of imported goods is a quick fix that doesn't resolve fundamental economic problems. It must be accompanied by a policy focus on macroeconomic issues, labour and agriculture.
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future. Lukas Coch/AAP

Tony Abbott’s great big budget legacy

Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
Fixing South Africa’s perilous education system will involve building consensus – a time-consuming process. Reuters/Rogan Ward

Too many economic cooks add to South Africa’s policy uncertainty

South Africa's government should put more effort into developing concrete strategies for dealing with the factors preventing the removal of the critical constraints on economic growth.
A view of Alexandra township, a slum overlooking the Sandton skyscrapers in Johannesburg. Addressing inequality has been a major challenge for South Africa. Reuters/Juda Ngwenya

Piketty’s contribution to unpacking inequality: timely and relevant

Will Thomas Piketty's visit to South Africa trigger the rewriting of the country's recent economic history? His analysis and ideas on how to address inequality are hard to ignore.
The main strategy of Modi’s economic advisers in the first year has been to treat the Indian economy as the proverbial elephant in the room. Xing Zhe CHINA OUT/EPA/AAP

No, India isn’t outpacing China, and other Modi myths

Mindful of the short attention span of voters, Modi's economic advisers have been careful to avoid selling economic policy as the answer to India's problems.
Australia’s GST is considered a regressive tax, so the idea of extending it to fresh food is considered unfair. A more detailed analysis reveals it’s not that simple. Charlotte90T/Flickr

Making the case for GST on fresh food

With the federal government’s review of taxation about to get underway, many are expecting Australia’s Goods and Services Tax to be up for change. In this GST series we take a closer look at the evidence…
How many Osbornes does it take to change an economic outlook? Anthony Devlin/PA Wire

If the economy is in good shape, why do wages keep falling?

An opinion poll taken in the wake of George Osborne’s Autumn statement reveals that just 27% of people think the British economy is in good shape. This was a decline compared to a survey taken just three…
From St Petersburg to Brisbane. The G20 leaders are expected to cover a lot of territory. Sergei Karpukhin/EPA/AAP

Success for the G20 Leaders’ Summit is …

Suppose that on the evening of November 16, the G20 leaders release a 25-page communique with hundreds of recommendations on global health, security, climate change, human rights etc. Would this be regarded…
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

The economic crisis a complacent Australia has to have

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…
The B20 and G20 agendas are both focused on economic growth, but Prime Minister Tony Abbott wants to avoid linking climate policy to the agenda. Aman Sharma/AAP

Abbott stands alone on climate policy and economic growth

In a speech delivered at ANU in April last year, then shadow environment minister Greg Hunt looked toward Australia’s host role for the G20 during 2014. Regarding climate policy he said Australia should…
Less cash to spend on artisan olives? Dan Cunningham

How to stop the middle class getting poorer and poorer

Since the 1950s, with a few rare exceptions in the 1970s, the middle class – all over the world – has been getting worse off. Specifically, the middle class’ purchasing power, as with that of the working…
Some pain, but the nation will benefit: Hockey’s first budget. AAP/Lukas Coch

Federal budget 2014: economists react

The Abbott government has laid out its path to reach a budget surplus near the end of the decade in the face of continued below-trend growth. Stopping short of making deep cuts in the coming years, Treasurer…
Youth Club? EPA/Andy Rain

Handle with care: Europe’s fragile jobs growth

Unemployment in the euro area finally seems to be showing signs of a timid recovery, according to the winter forecasts from the EU, but that doesn’t mean that we can rest on our laurels. A bumpy ride lies…
The G20 Finance Ministers and Central Bank Governors Meeting concluded with a growth ‘aim’ of 2% above current projections over five years. AAP/Jason Reed

G20 finance ministers agree to growth target: experts react

The G20 finance ministers, who have been meeting in Sydney this weekend, say economic grow is still below the rate needed to get people back into jobs. In a statement released at the conclusion of talks…

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