US Economy
Made in the USA: America’s gambit to reclaim industrial primacy
The city of Kokomo sits about an hour’s drive north of Indianapolis in the American Midwest. Immersed in the agricultural heartland between the historic industrial centres of…
History repeats: A new (old) economic corridor emerges
The newly announced India–Middle East–Europe Economic Corridor (IMEC) seeks to reimagine the natural connectivity of eras past. Historic trading links between the Indian…
How should Australia react to Bidenomics?
American economic policy has shifted towards government intervention, including industrial policy and away from free-trade. US National Security Adviser Jake Sullivan set out the…
Australia must play the geoeconomics game, or risk being side-lined
Last month, JPMorgan Chase CEO Jamie Dimon stated geopolitics is now the biggest global risk to the economy. Australian business leaders on the receiving end of Chinese economic…
De-dollarisation: shifting power between the US and BRICS
There has been increasing talk of the BRICS nations (Brazil, Russia, India, China and South Africa) developing a new currency that will rival the US dollar as the global reserve…
A return to old-school mercantilism?
Talk is cheap. In the international system, states closely monitor each other’s actions and rhetoric becomes secondary. With the acceleration of great power competition, states…
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…
The end of the neo-liberal order?
Did US National Security Advisor Jake Sullivan’s “New Washington Consensus” speech on 27 April signal the end of the neo-liberal order, when free markets had a paramount role in…
Economic diplomacy: Duelling D-words to delineate China
Risky business
For the leader-in-waiting from a small, risk averse country, Singapore’s Deputy Prime Minister Lawrence Wong was remarkably quick last month to smack down the…