Many of you would be aware that ESSA is hosting a Q&A event on the evening of Thursday August 16th, where our brilliant panel will be answering questions on immigration and the two-speed economy. In honour of Q&A, I have decided to continue my series on structural changes (read the first installment here) with an analysis of the two-speed economy. This article attempts to provide a snapshot of the key issues surrounding our two-speed economy and the main policy implications. I also consider some of the potential questions that our panel may be forced to contend with on the night!
As the years go by and new countries find themselves greatly affected by the crisis, a handful of them emerge as having resisted the extreme shock of global financial instability.
Here’s a list of economies whose financial system prevailed during the crisis
Budget analyses in the media consist of a scramble to tell readers whether or not the government has kept or broken promises and above all else, to tell us who has won and lost out of the budget, as well as who would have won and lost had the opposition been in power.
What never fails to escape the focus of the media hurricane is the extent to which this budget addresses the deeper issues facing the country as a whole and what measures are being taken now to combat the medium to long term pressures that the country faces.
By Joan Wu, ESSA Events Director 2012
During a speech at the Deakin Policy Forum this week, Terry Moran called for more accountability and transparency in our troubled system of government. Moran, former secretary to Prime Ministers Kevin Rudd and Julia Gillard, was quick to emphasise that it is not the quality of civil service, which is exemplary, but rather the nature of parliamentary democracy in the current system that is to blame.
I am sure you have heard of the commotion unfolding in Europe, dubbed by many news media outlets as the ‘European sovereign debt crisis’. But what does this all mean? Ric Battelino, Deputy Governor of the Reserve Bank of Australia, spoke in Sydney about the ‘European Financial Developments’ and what it means for the world …