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A trade spat between India and the US was the most serious threat to the WTO in years. Reuters

Why the WTO still matters

Despite sluggishness in the world economy, global trade reached an astonishing US$23 trillion last year. The World Trade Organization has been the primary guarantor of this extraordinary growth in global…
The collapse of Lehman Brothers was a pivotal moment in the most recent financial crisis. The next crash may feature another bank failure. Reuters

What will the next financial crisis look like – and are we ready?

The subprime crisis and the subsequent failure of Lehman Brothers came as such a shock – and the repercussions were so severe that when the time came to mount a response, policy makers were as surprised…
IMF managing director Christine Lagarde says the economic recovery underway in many markets is “brittle, uneven and beset by risks". Dave Hunt/AAP

The world has an economic growth problem, and more G20 spending won’t fix it

Last week the IMF revised its 2014 global economic growth forecast down to 3.3% from the 3.7% expected six months ago, confirming that most economies around the world, Australia included, continue to underperform…
Does this mean Putin is the new Keynes? EPA

The BRICS plan for a new world order begins with a bank

Could history one day judge the latest BRICS summit as significant as the Bretton Woods conference of 1944? That is the hope of leaders from Brazil, Russia, India, China, and South Africa as they meet…
Australia’s economic position remains uncertain, which may prompt the Reserve Bank to hold interest rates. AAP

Waiting game on economy means RBA should hold

Without a clear direction of where the Australian economy is heading, the consensus to keep the cash rate at its current level of 2.5% remains strong. Uncertainties surrounding the domestic and foreign…
A World Bank report gives a hopeful forecast for global growth. Image sourced from www.shutterstock.com

Growth spurt hopes for global economy, but challenges remain

The World Bank’s Global Economic Prospects report released this week is moderately optimistic about the short-term outlook of the global economy. World Bank economists anticipate an improvement in most…
China has far more to lose from too few US dollars than it does from a dollar surplus. Urbanartcore.eu/Flickr

US economic policy: the right settings, disastrous process

The US debt crisis is over for now, but legislators have just kicked the can down the road. In this series on the US debt ceiling, academics from Australia, the UK and the US assess the lingering global…
Those currency reserves must be somewhere, Mr President. White House

US shutdown opens the way for China in global currency markets

The US shutdown and the fractious struggles in Congress are symptomatic of a broader trend in American politics. In the aftermath of the global financial crisis, a new political landscape has emerged…
More populous than powerful. Anthony Devlin/PA

India will never become a superpower

The end of the Cold War and the era of “unipolar” US dominance that followed has led many to wonder about the future of international power. Who will rival, or perhaps even replace, the US? At least one…
Blue sky thinking in St Petersburg. victorgrigas

Powerful and plural G20 is worth listening to

The G20 Summit brings together in St Petersburg, Russia a remarkably diverse and powerful collection of states. It is a unique experiment in global governance, signalling the end of dominance by a few…
If China has already peaked, what will be the economic and political consequences of its decline? EPA/Diego Azubel

What if China stops rising? The consequences of China’s decline

The economic rise of China has produced a general feeling that the United States' best days are behind them. Some experts argue the US is now facing “its fifth wave of Declinism”. Noting that many Chinese…
Competitiveness and productivity are top priorities in Kevin Rudd’s economic policy agenda. AAP

Rudd’s economic blueprint is a timely election pitch to business

Yesterday, Kevin Rudd set about outlining the broad terrain of economic policy to be pursued in this his second stint as Prime Minister. In his speech to the Press Club, the PM highlighted seven core drivers…
On the hunt for rogue internet cafes. Niall Carson/PA

Is it really worth bugging? A guide to the G8

So what’s so special about this lot? Who decides which countries get to be in the gang? Can you get kicked out? How does it stack up against the G20? If spies were to listen in, would they hear anything…

Consumer confidence weak despite rate cuts

Wary consumers are unmoved by recent interest rate cuts and healthy economic figures, according to an index of consumer sentiment…
Satyajit Das: “I think the democratic process and the politics of the world relies on a very fragile construct. One is trust. And trust relies on economic growth.” Supplied

Satyajit Das: Europe will have far-reaching consequences for everybody

Welcome to the latest in our In Conversation series, between risk analyst and author Satyajit Das and Kevin Davis, Research Director of the Australian Centre for Financial Studies. Satyajit Das is an internationally-known…

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