Global Economic Governance

Is US industrial policy headed in the wrong direction?
Is US industrial policy headed in the wrong direction?
The Biden administration’s “modern American industrial strategy” marks a striking departure from prevailing economic orthodoxy. The United States is now championing muscular…
Malaysia’s Anwar seeks Asian Monetary Fund and “dedollarisation”
Malaysia’s Anwar seeks Asian Monetary Fund and “dedollarisation”
The Asian Monetary Fund was an idea that Japan first proposed in 1997 following the Asian financial crisis. At the time, Anwar Ibrahim, a rising star in Malaysian politics, firmly…
International debt: Time for a global restructuring framework
International debt: Time for a global restructuring framework
Just about every country has rules and practices to sort out domestic bankruptcies, dividing up the surviving assets between the creditors on an equitable basis, writing off the…
Web3 is coming – with national security implications, too
Web3 is coming – with national security implications, too
One of the messiest and thorniest national security challenges is how to keep Australians safe from manipulative online content – now, and into the future. The matter cuts across…
Time to step up on global kleptocracy
Time to step up on global kleptocracy
When the Pandora Papers were published last month, few registered their significance for Australian statecraft. Spanning 11.9 million leaked documents, and exposing the property…
Framing globalisation
Framing globalisation
  Six Faces of Globalization: Who Wins, Who Loses, and Why it Matters, by Anthea Roberts and Nicolas Lamp (Harvard University Press, 2021) People use mental shortcuts…
The US and the next leader of the OECD
The US and the next leader of the OECD
Although it may not regularly make headlines, the Organisation of Economic Cooperation and Development (OECD) is an important multilateral institution. With its standard-setting…
Indonesia’s role in multilateral development banks
Indonesia’s role in multilateral development banks
After Jim Yong Kim resigned last month, President Donald Trump indicated he intends to nominate senior US Treasury official David Malpass to lead the World Bank. Under an…
Managing economic risk in Asia: A strategy for Australia
Managing economic risk in Asia: A strategy for Australia
Barry Sterland’s new Lowy Analysis explores the possibility of a future economic crisis in our region – this is not today’s problem, but something we should be prepared for. The…
Using economic diplomacy to reduce financial risks in Asia
Using economic diplomacy to reduce financial risks in Asia
If Australia’s economic future lies in Asia, then managing the risk of financial crises in the region should be a top concern. Especially as any crisis could also have significant…