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Articles on Economy

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China’s economy continues to grow, but corruption remains a major issue. Wu Hong/EPA

Corruption looks different in China

Corruption is a political tool is China and it all depends on where you stand, as to who’s to blame. One thing is for sure- Western standards don’t apply.
The World Economic Outlook from the IMF released this week downgraded growth for many countries. Shawn Thew/AAP

Vital Signs: mixed signals from the global economy

Interest rates remain unchanged in Australia this week, reflecting an economic holding pattern around the world, as the US presidential election carries on.
Australia should be careful in accusing China of dumping steel into the local market, as the definitions of dumping and the tariffs on this practise have changed to suit governments in the past. Linfeng/EPA

Whether China is dumping steel in Australia under the ‘market economy’ label is very subjective

Governments have been known to change the definition of anti-dumping tariffs to suit their needs, so accusations of steel dumping from China are still quite subjective.
A power utility is considered a key asset for a development state. Reuters/Siphiwe Sibeko

Will the ANC turn South Africa into a developmental welfare state?

The prevailing political fights over control of state-owned enterprises in South Africa has the potential to have a deep impact on the economy, and the quality and direction of the development state.

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