Articles on Economic policy

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Argentina’s president-elect, Alberto Fernández (right), with his running mate, former president and first lady Cristina Fernández de Kirchner. Reuters/Agustin Marcarian

Argentina elects new president on promises to fix economy and unify a struggling nation

Argentina has voted for change. Alberto Fernández, a 60-year-old lawyer, defeated President Mauricio Macri with a campaign emphasizing economic recovery, social inclusion and national unity.
Debate about SA Reserve Bank’s mandate must be done in a more considered manner, informed by evidence. Shutterstock

Evolution of ANC economic policy sheds light on squabble over the central bank

The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.
Venezuelan President Nicolás Maduro created a new cryptocurrency called the ‘Petro’ to combat hyperinflation. Reuters/Carlos Garcia Rawlins

Is authoritarianism bad for the economy? Ask Venezuela – or Hungary or Turkey

When an elected leader turns autocratic, the economy tends to suffer. That's because, in a functioning democracy, economic policy is made jointly, with lawmakers playing a key role.
Households feeling the pinch from frozen wages feeds into slower economic growth, and policymakers need to find a solution. Bacho/Shutterstock

This is what policymakers can and can’t do about low wage growth

Governments can't undo the technological changes behind frozen wages and rising inequality. The best policy is to invest in education and training to give workers skills of value in the new economy.
The treasurer referred to the A$13 billion “zombie” measures the Senate has failed to pass as a “Senate tax”, in justifying the tax increases in this budget. Lukas Coch

Budget 2017: bank populism will be paid for by Australians

The budget was extraordinary in many ways. It is an abandonment of restraint on taxes by a liberal government. It is nakedly populist and it also acknowledges that government debt can be productive.
The global economy may be more fragile than at any time since the financial crisis, Malcolm Turnbull said today. AAP/Tracey Nearmy

The electorate has spoken, but Turnbull’s speech shows he hasn’t listened

Prime Minister Malcolm Turnbull's first major post-election economic speech revealed not a hint of awareness that large swathes of the electorate had been unpersuaded by his major policy programs.
Hawkers sell goods on the streets of Zimbabwe’s capital, Harare. Imports of bottled water from South Africa have been banned. Reuters/Philimon Bulawayo

Lessons to be learnt from Zimbabwe’s blunt use of an import ban

The control of imported goods is a quick fix that doesn't resolve fundamental economic problems. It must be accompanied by a policy focus on macroeconomic issues, labour and agriculture.
Tony Abbott can rest assured he has made a lasting contribution to Australia’s future. Lukas Coch/AAP

Tony Abbott’s great big budget legacy

Tony Abbott spent just shy of two years as Prime Minister, but that doesn't mean he didn't leave a lasting legacy.
Fixing South Africa’s perilous education system will involve building consensus – a time-consuming process. Reuters/Rogan Ward

Too many economic cooks add to South Africa’s policy uncertainty

South Africa's government should put more effort into developing concrete strategies for dealing with the factors preventing the removal of the critical constraints on economic growth.
A view of Alexandra township, a slum overlooking the Sandton skyscrapers in Johannesburg. Addressing inequality has been a major challenge for South Africa. Reuters/Juda Ngwenya

Piketty’s contribution to unpacking inequality: timely and relevant

Will Thomas Piketty's visit to South Africa trigger the rewriting of the country's recent economic history? His analysis and ideas on how to address inequality are hard to ignore.

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