economy

National | World | Economic History | Pop Eco | Interactive Articles

The embargo has gotta go

For decades, the Cuban economy has been constrained under strict communist rule. Eddie Go makes an economic case for re-establishing trade and other economic relations between the U.S. and Cuba in light of Obama’s historic visit to the island.

Spectre of steel

Elijah discusses how the Zollverein – a customs union and free trade area – played a pivotal role in the economic and political evolution of German-speaking states in the 19th century, eventually leading to the creation of the German Empire.

The early Japanese QE experience

QE is the new kid on the block of monetary policy but the verdict is out on its efficacy. As more central banks turn to QE to ease zero interest rate woes, Alex Woodruff wonders how this practice hit the mainstream.

The Hanseatic League

Elijah takes us to Hamburg and reflects on the city’s heritage as a flourishing centre of the Hanseatic League.

Is competition regulation an oxymoron?

Australia needs a full-time, focussed competition watchdog that applies the law using state-of-the-art economics, understanding the ambiguities and subtleties of market interactions, writes Professor Stephen King.

The state of the state

In the lead up to the November state election, Brody Viney takes a look at how the Victorian economy is tracking.

The Pokémon economy

In the first of a two-part series on childhood economics, David Huang explores the way in which Pokémon card economies functioned.

Still uncharted territory – post-crisis central banking

With Janet Yellen firmly in the reigns of the world’s largest central bank, many are looking to the legacy left by her predecessor Ben Bernanke. Love or loathe him, Bernanke undoubtedly pioneered a new style of central banking based on large scale direct market intervention, mainly through policies such as quantitative easing. With the policy now being scaled down, it is useful to ask whether QE and more broadly whether the Federal Reserve has been successful in supporting the US recovery.

Read more

Can cash grants help reduce poverty?

1.2 billion people around the world, or roughly one in every six people, live in extreme poverty – defined as survival on less than $USD1.25 a day according to The World Bank. As a proportion of the global population, however, this number has fallen dramatically over the past few decades. The economic uprising of several key East Asian nations has resulted in over 700 million people, over the past twenty years, breaking free from extreme poverty. Organisations such as the UN have project further decreases in the years to come. Indeed, there are many political, economical, and environmental factors that contribute to the extreme impoverishment of individuals around the world and many argue that this is a deeply complex issue that we cannot afford to merely throw money at – or can we?

Read more