Wednesday 14 Nov 2018 | 20:28 | SYDNEY
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The Asia Pacific's Economies

The challenges facing APEC leaders

The Asia-Pacific Economic Conference (APEC) Summit is being held at a time of enormous global and regional geopolitical uncertainty. It is a tumultuous time for the region, and APEC 2018 provides a real opportunity for leaders to agree on the kinds of reforms that could make a positive difference

Using economic diplomacy to reduce financial risks in Asia

If Australia’s economic future lies in Asia, then managing the risk of financial crises in the region should be a top concern. Especially as any crisis could also have significant geopolitical consequences. In an analysis for the Lowy Institute, Barry Sterland looks at what Australia can do

Why Asia still needs a development bank

It is easy to forget that Asia still hosts most of the world’s poor people given the region's remarkable economic success in recent years. Yet almost half of the world’s extremely poor people (326 million out of a global total of 766 million) still live in South and East Asia, according to the

APEC: Staggering past relevance

Even though it is the region’s second oldest multilateral mechanism, APEC continues to find relevance hard to come by. Best known for the photo taken at the annual leaders’ summit at which said leaders bond over the humiliation of donning often garish 'national attire', this grouping has never

China lays down the cyber law: Play in our space, play by our rules

By Cheng Lim and Jack Maher. Cheng Lim leads the cyber security initiative at King & Wood Mallesons. Last year Jack Maher completed a Master of Chinese Law at Tsinghua University while working in the firm's Bejing office. China's internet czar Lu Wei, President Xi Jinping and Facebook Chief

The TPP is not a containment strategy

Is the TPP an effort to contain China? If you've been reading the papers or glancing at social media recently, you could be forgiven for thinking so. The New York Times didn't quite use the word containment, but argued that the agreement was a 'win for the United States in its contest with China

Waiting for the Fed to move

Global financial markets are on tenterhooks waiting for the US Federal Reserve to decide when to start raising the Fed funds rate – the short-term interest rate which sets the datum for many other interest rates. The media have reported this in portentous tones, exploring every possible downside

Papua New Guinea: Keep calm and muddle through?

By Jenny Hayward-Jones, Director of the Lowy Institute's Melanesia Program, and Jonathan Pryke, Research Fellow. Papua New Guinea has been in the international spotlight a lot in the last month and it has been almost all bad news. Revelations of a record budget deficit, the emerging worrying impact

Economic crisis in China? We're not there yet

I started my job at the Federal Reserve three weeks before Lehman Brothers declared bankruptcy. I wish I had kept a diary of my initial months at the Fed, so I could recall clearly what we thought was happening each day. I do remember there was a discrete point where suddenly everything felt like

Choking aviation system threatens China's ambitions

Last month Hong Kong's Cathay Pacific airline began to cancel some routes to mainland destinations – a surprising decision given the huge potential in China, where air journeys have doubled since 2008. But Cathay's reason is not demand. It's because flights in China have become so unreliable that

Indonesia: We don't have to be condemned to crisis

Ken Ward is to be congratulated for a straight forward and sober analysis of the Australia-Indonesia relationship. In his own matter of fact style, Ken takes us through a complex relationship and provides unique understanding and insight. His core point is that the Australia-Indonesia

Russia gives way to China in BRICS and SCO

This month saw a super summit of two organisations that are significant for both Russia and China. The 7th BRICS summit and 15th Shanghai Cooperation Organisation (SCO) summit, both held in Ufa, Russia, included the typical member-state declarations confirming cooperation on major issues such as

China's record shows it isn't ready for global leadership

Michael Thawley's comments on China's present global leadership credentials and ambitions are correct and phrased in the refreshingly direct manner Australians usually take as a badge of national pride and uniqueness. The fact that his comments caused such a stir in Australia (and seemingly in

Is China ready for global leadership?

Is China ready for a larger global role and should the outside world, in particular a regional partner like Australia, embrace this possibility? Evidently not, judging by remarks made by the Secretary of the Prime Minister's Department, Michael Thawley. 'China wasn't ready to take on the

Beijing should hasten slowly on AIIB

The establishment of the Asian Infrastructure Investment Bank (AIIB) reached another milestone on Monday when 50 of the 57 founding members signed the AIIB's Articles of Agreement. Seven countries are still sorting out domestic requirements before signing. China's Finance Minister Jiwei Lou and

China makes its formal climate-change pledge

China's long-anticipated formal pledge to international climate change negotiations, it's 'intended nationally determined contribution' or INDC, has arrived. China's target is a 60% to 65% reduction in the emissions-intensity of the economy by 2030 pegged at 2005 levels, with carbon dioxide

Liberalism, China and the internet

'It's not that laws aren't relevant' said MIT Media Lab co-founder Nicholas Negroponte during the 1990s, 'it's that the nation-state is not relevant...The internet cannot be regulated.'   Negroponte's assessment has not aged well, but to be fair, he was not alone in his belief. Digital activist

Indonesia under SBY: Stability, stagnation, or both?

'What's in a name?' Shakespeare's Juliet asks. Quite a lot, as things turned out for her. And so it is for the just-published proceedings of the ANU Indonesian Update, titled The Yudhoyono Presidency: Indonesia's Decade of Stability and Stagnation. A 'mini' version of the Update was held at the

Still debating inequality, 40 years on

Thomas Piketty's Capital in the Twenty-first Century put inequality centre-stage in the economic debate. But the topic has been around for a long while. Brookings has recently republished Arthur Okun's 40 year-old Equality and Efficiency: The Big Trade-off, The launch was an opportunity to bring

Asian economies still growing

Despite gloomy talk about slowing economic growth, Asia has continued to grow strongly, and the IMF has forecast this will continue this year and next. Asia is still by far the most dynamic region in the world, accounting for 40% of world GDP but nearly two-thirds of global growth. Look, too,

China's dangerous cyberwar strategy

There's an 'Uber for X', goes the little ditty, celebrating the ubiquitous infiltration of the online 'sharing economy.' It seems Uber's business model can be turned to virtually all our needs, and a global ecosystem of app buttons has popped up on our smartphones. As in so many things, however,

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