Global Economy
![A first for India and a chance to trade up with Australia](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/GettyImages-1239680114.jpg?itok=JkUlxJYv)
A first for India and a chance to trade up with Australia
The Australia-India Economic Cooperation and Trade Agreement (AIECTA) signed on 2 April marks a first for India in terms of liberalisation of “substantially all” trade and…
![A super-profits tax on resources could repair budget](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/2022-06/Lowy%20default.png?itok=88wn4Fy7)
Commentary
A super-profits tax on resources could repair budget
Originally published in The Australian.
![Worries about China's economic power are overdone](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/2022-07/default-commentary-image_0.jpeg?itok=9HMLknn5)
Commentary
Worries about China's economic power are overdone
Core realities suggest that it will never establish a meaningful lead over the West. Originally published in Nikkei Asia.
![Economic diplomacy: Cryptocurrency (quietly) joins a new world order](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/GettyImages-1239071862.jpg?itok=XGrDpANs)
Economic diplomacy: Cryptocurrency (quietly) joins a new world order
Fence-sitting
Right from the beginning of the Russian invasion, Ukraine’s deputy prime minister Mykhailo Fedorov has walked both sides of the new global divide over digital…
![Trade policy agenda facing new drivers](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/Road%20train%20cropped%202.jpg?itok=IRWJsfmC)
Trade policy agenda facing new drivers
There can be little doubt that the conduct of Australian trade policy will become more complex and challenging for the foreseeable future.
Two trends are salient. First, with the…
![Economic diplomacy: Building back better with frenemies after Ukraine](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/GettyImages-1238695618.jpg?itok=InmiwhNf)
Economic diplomacy: Building back better with frenemies after Ukraine
Demolition job
It’s now only about 16 months since the newly elected Joe Biden team created a ripple of excitement in Washington by registering buildbackbetter.gov as the first…
![The Ukraine crisis and Timor-Leste](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/GettyImages-544088474%20copy.jpg?itok=caQt8N-S)
The Ukraine crisis and Timor-Leste
In the midst of an international crisis, it is remarkable when small countries still find the courage to adhere to their democratic principles. This time the Timorese government…
![Back in the USSR – surprises in the Russia-Ukraine conflict](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/USSR%20propaganda.jpg?itok=zZhdKyy_)
Back in the USSR – surprises in the Russia-Ukraine conflict
My grandfather Kopel Harkowitz was born in Lismore, which is experiencing the worst floods in more than a century. In 1880, when the last big wet hit the Northern Rivers, his…
![Sanctions bite – but how dangerously?](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/GettyImages-1238853640.jpg?itok=KGkOzK7c)
Sanctions bite – but how dangerously?
Though not without precedent against lesser rivals, the decision to impose severe financial sanctions against a major economy – and a nuclear-armed great power – has been a…
![West must inflict a hammer blow to Russia’s economy](https://www.lowyinstitute.org/sites/default/files/styles/expert_publications/public/2022-07/default-commentary-image_0.jpeg?itok=9HMLknn5)
Commentary
West must inflict a hammer blow to Russia’s economy
Originally published in The Australian.