Economic growth

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Economic reality has intruded on rosy budget predictions for years now and the Pre-election Economic and Fiscal Outlook may soon challenge Treasurer Scott Morrison’s forecasts. AAP/Mick Tsikas

Three critical tests for Budget 2016: how does it fare?

Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
Wole Soyinka should rather galvanise like-minded Nigerians and demand that Nigeria’s looted treasury be returned. Reuters/Akintunde Akinleye

Nigeria needs a credible economic plan – not a confab

Nigeria's economy is indeed under severe strain but sub-Saharn Africa's most populus nation won't solve its economic problems via an emergency national confab.
Agriculture remains the major source of employment in Ghana, even though its share in the economy has been in steady decline. Reuters/Thierry Gouegnon

Ghana needs a new strategy to create decent jobs and reduce inequality

Economic growth is a necessary condition for development. But it can only pass the sufficient condition test if growth translates into high-earning jobs. Ghana's recent history illustrates this.
South Sudan is a landlocked country with poor infrastructure. Joining the East African Community will open new avenues for trade. Reuters/Adriane Ohanesian

What South Sudan will gain from joining the East African Community

Countries like Rwanda have shown that regional integration can enhance growth and reduce poverty. South Sudan should follow its lead in its engagement with the East African Community.
Most of the world’s poorest people now reside in middle-income as opposed to low-income countries. Reuters/James Akena

Development aid works over time, but must adapt to 21st-century needs

Recent studies show that development aid to poor countries contributes in the long term to their economic growth. But the aid architecture has adapted slowly to a new reality.
The rand’s current weakness can be attributed to a myriad of structural problems facing South Africa’s economy. Reuters

Explainer: how currency markets work and why the South African rand is falling

Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
Without innovation in the agricultural sector, we’d only be able to feed, say, one billion people out of the current seven. ProFlowers/Flickr

What is innovation anyway, and why should you care about it?

Since becoming prime minister, Malcolm Turnbull has been talking about the importance of innovation. This is what he's referring to.
Science is key to creating a more innovative nation. www.shutterstock.com

Five ways science can lead the innovation debate

Through creating entrepreneurs and boosting global collaboration, science has the potential to drive economic growth and innovation – if only the government would properly fund it.

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