Malcolm Turnbull outlines his vision of ‘City Deals’ that enable ‘smart cities’ to drive growth in the new economy.
The Turnbull government sees the 'City Deal' as a way for 'smart cities' to drive innovation and growth. But what is the value proposition behind this UK concept and how might it work in Australia?
Not what they were: oil fields.
Gulf states such as Saudi Arabia and Qatar are beginning the painful process of restructuring their economies away from oil dependence.
Arthur Lewis' impossible mission was to make possible Kwame Nkrumah’s famous slogan: seek ye ﬁrst the political kingdom …
Nobel laureate and Kwame Nkrumah's economic adviser Arthur Lewis saw Ghana as a testing ground for his ideas on economic development. But he was met with fierce resistance.
Coal Washer, Clay County, Kentucky, 2007.
The U.S. coal industry is rapidly losing jobs and market share to lower-carbon energy sources. Here we examine what kind of aid can help mining communities transition to a post-coal future.
Traffic jams in major African cities such as Lagos, pictured here, as well as Uganda’s Kampala, are a major drain on productivity.
Kampala generates about 60% of Uganda's GDP. In the coming decade urbanisation is the single largest opportunity to spur economic growth in the coming decade.
A Kenyan woman does a financial transaction using her mobile phone.
Financial inclusion has so far focused on enhancing a poor person’s cash flow. But it needs to involve more. Not enough consideration is given to encouraging poor people to build assets.
Capitalism in Africa has failed to create social wealth. A new approach is needed to ensure that growth in profits results in social upliftment.
A new way of doing business in Africa is needed. The pursuit of profits needs to go hand in hand with community development.
Gorillas in the wild: better than a zoo.
The fortunes of the world's remaining wild gorillas is linked to prosperity in the places where they live - hence the high price of tourist permits. But with economic development comes economic threats too.
A cleaner walks past a promotional poster at an Africa Development bank meeting in Shanghai. Western perceptions of China’s investments in Africa are off the mark.
Contrary to Western views, China is in Africa for business. Between 1998 and 2012, about 2000 Chinese firms invested in 49 countries on the African continent.
A chaotic traffic jam chokes the Nigerian coastal capital Lagos.
The fact that businesses cannot accurately calculate the cost of doing business in Nigeria because of corruption makes them jittery.But it doesn't mean Nigeria is more corrupt than any other country.
South Africa’s game reserves are loved by tourists. The new visa regulations could have a negative impact on them.
The motive behind South Africa's new visa regulations is noble. But the implementation needs to be adapted and improved to minimise the negative effect on the country's tourism industry.
Joaquín “El Chapo” Guzmán escorted by soldiers prior to his second escape from prison.
Reuters / Henry Romero
Economic growth and investment is supporting prison reform, but it will take time to root out deeply ingrained bad practice.
Downtown Tianjin: reeling from the recent explosion.
The Tianjin explosion may hurt the city's economy. But it will hurt its corrupt officials more.
Three tons of cocaine seized by Peru’s national police from an international gang of Peruvian and Mexican drug traffickers.
Peru's economy is booming, but it has a terrible cocaine habit that could cause it problems.
Management graduates from Africa are struggling to apply their classroom lessons to the working world.
Africa needs management graduates – but they must be taught with the continent's specific challenges and requirements in mind.
When NSW Premier Mike Baird met with Indian Prime Minister Narendra Modi last year, it signalled new opportunities for Australian states.
Following in the footpath of China, India is seeking new state to state tie-ups. Australia should answer the call.
African cities are growing fast - and there are many reasons to be excited about this rapid urban development.
Technology’s improving, but pay isn’t.
The technological transformation of China's many factories has failed to bring with it an upgrade in working conditions.
Serious co-ordination effort is needed.
The long-feared earthquake arrives in the middle of post-conflict reconstruction and a seven-year wait for a new constitution.
I don’t need to look where I’m going. It’s all in the plan.
George Osborne's favourite catchphrase has a long tradition.