Global Economy
Australia is not meeting its IEA oil reserve targets
The plunge in the global oil price is a hot topic. Between June 2014 and January 2015, the price of crude has dropped by 57%. Most of the attention has been on the boon for…
Memo to IMF reformers: Don't let Congress get you down
By Lowy Institute Non-Resident Fellow Mike Callaghan and G20 Research Fellow Tristram Sainsbury
When it comes to IMF quota reform, the words of Yogi Berra come to mind: 'It's like…
India nuclear deal needs serious parliamentary scrutiny
The Australian parliament's Joint Standing Committee on Treaties (JSCOT) will soon review the proposed treaty between Australia and India on Cooperation in the Peaceful Uses of…
Is globalisation slowing?
In the decades leading up to the 2008 financial crisis, international trade typically grew much faster than GDP.
This reflected increasing global economic integration: tariff…
Reports
The G20 at the end of 2014
This issue of the G20 Monitor reflects on the state of the G20 at the end of 2014, and offers suggestions for the path forward during Turkey’s 2015 G20 Presidency.Tristram…
China's investment rebalance
I am embarrassed to say that I made a mistake in the analysis below (I should have realised the results were too clear to be true!). In fact, the relative price of investment…
The IMF's pessimism is misplaced
When the IMF produced its last World Economic Outlook in October, one of the risks it forecast was a possible oil price increase. A US$25 per barrel increase, the IMF said, would…
Is China slowing down? Not much
The Wall Street Journal:
China's economic growth slowed to 7.4% in 2014, downshifting to a level not seen in a quarter century and firmly marking the end of a high-growth heyday…
A Chinese canal in Nicaragua?
There is pride in Hong Kong that a local private company is pushing ahead with perhaps the world's largest-ever civil works project, the 280km long, 500m wide Nicaragua Canal…
Indonesia leads on petrol subsidies, but will others follow?
The fall in the world oil price has created the opportunity to eliminate petroleum subsidies in a number of Southeast Asian countries. These subsidies have been the long-standing…