If the continent is to grasp the science and technology revolution, then governments should take the lead in both policy formulation and implementation.
The amount our workers produce has been stagnant for a while now, but there is a boost to be had in increasing labour force involvement in their jobs and the business.
A budget speech that fails to discuss basic measures of how the economy going is revealing in itself. Joe Hockey is the first treasurer since at least 1981 not to mention GDP.
George Ward, London School of Economics and Political Science
While Conservative pundits wonder why high scores for economic competence aren’t boosting poll numbers, some clues might lie away from financial measures.
Australia’s federal government wants to boost ‘energy productivity’ by 40% by 2030. A good idea, but the plan needs to cut energy use, not just deliver more economic bang for the energy buck.
Amy Auster, Australian Centre for Financial Studies
This week’s Reserve Bank interest rate move surprised virtually everyone, bringing the cash rate to 2.25%, yet another historic low. Despite Australian Treasurer Joe Hockey suggesting the rate cut means…
Two things stand out about the economic recovery in Britain. One is the sluggish growth in real wages. The other is the sluggish growth in productivity. That the two phenomena have coincided is no accident…
If ever we wanted a reminder of how global capitalism has got things wrong, the Ebola outbreak in West Africa serves the purpose well. Our assumption that economic growth is essential is not only a feature…