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Articles on Economic development

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This is the area that holds strategic importance Reuters/Balazs Koranyi

As the Arctic melts, the US needs to pay attention

In a few short months the United States assumes Chair of the Arctic Council (AC). This is a two-year long opportunity to shape the future of the Arctic, an opportunity that will likely not come around…
China’s President Xi Jinping, pictured gesturing at center, last month launched the Asian Infrastructure Investment Bank, a project the US hopes to stymie. Reuters

China’s development bank plans test rising power’s strategic shift

In an influential speech in 2005, then-US deputy secretary of state Robert Zoellick called on China to become a “responsible stakeholder” in the international community. To optimists, China’s recent efforts…
The densely populated cities like Sierra Leone’s capital, Freetown, have been the worst hit. EPA/str

How to plan for a post-Ebola West Africa

The Ebola outbreak continues to rage, and the immediate need is to control the spread of the disease and to help those infected. But it is time also to plan how to rebuild a post-Ebola West Africa, whose…
Economic growth is incompatible with the rapid emissions reductions that are now necessary. AAP Image/David Crosling

We need economic ‘degrowth’ to stop a carbon budget blowout

A newly released report called Better Growth, Better Climate draws the seductive conclusion that “we can create lasting economic growth while also tackling the immense risks of climate change”. But while…
There’s little consensus on how to proceed after 2015. EPA/Yonhap

How UN managerialism is stifling the voices of the poor

Once hailed as “the world’s biggest promise”, the Millennium Development Goals, a 14-year-old series of commitments made by governments to tackle global poverty, will expire at the end of 2014. There is…
Australian resources are fueling Asia’s development, but the next challenge is to make that sustainable. EPA/Bagus Indahono

Can ASEAN become the global champion of sustainable growth?

If measured by political will and rhetoric, Australia’s relationship with Southeast Asia would undeniably be in fine shape. Prime ministers as diverse as Paul Keating, Tony Abbott and Julia Gillard have…
Banking on success. Ria Novosti/EPA

World Bank watch out, the BRICS Bank is a game-changer

The top news from this year’s BRICS summit was the announcement of a New Development Bank. Headquartered in Shanghai, the bank will become operational in 2016 with an initial capital of US$50 billion…
Economic development along the coast would mean hijacked ships have nowhere to hide. EPA

Want to stop Somali piracy? Build better roads

Imagine you are a Somali pirate captain. You have hijacked a cargo ship after four weeks out at sea, 800 nautical miles from home. It will take maybe three, perhaps six, possibly 18 months to extract a…

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