Global Economy

Who’s on the guest list? India brings Bangladesh to the G20
Who’s on the guest list? India brings Bangladesh to the G20
India declared its goal as G20 president and host this year to be “Vasudhaiva Kutumbakam” (One Earth - One Family - One Future). On the surface, this seems like an agenda based on…
Building bigger BRICS
Building bigger BRICS
The planned enlargement of the BRICS group has revived a long-standing debate on whether this grouping will remain just a talk-shop specialising in complaining about Western…
Cash is king, no more
Cash is king, no more
Australia has emerged as the frontrunner in embracing digital payments. A recent global report highlights that Australians now rank among the world’s least frequent cash users. It…
Stepping on the gas: Boosting Australia’s climate diplomacy in the region
Stepping on the gas: Boosting Australia’s climate diplomacy in the region
The Australia’s women’s soccer team the Matildas may have gone down in the World Cup semi-final this week, but they certainly won over the fans – perhaps none more surprising,…
Pipe dreams: Turning an interconnected ASEAN gas market into a reality
Pipe dreams: Turning an interconnected ASEAN gas market into a reality
The development began in the 1960s when the Southeast Asian natural gas sector grew significantly after discoveries in Indonesia, Brunei and Malaysia. In the decades that followed…
The climate crisis demands sovereign debt justice
The climate crisis demands sovereign debt justice
International scientific and economic research suggests that developing countries, many of which neither created nor benefitted from historical greenhouse gas emissions, are…
Iran’s lithium lode: A potential strategic game-changer
Iran’s lithium lode: A potential strategic game-changer
Iran’s recent unearthing of a vast lithium deposit – potentially the world’s second largest – has sent shockwaves through the global lithium competition landscape. Amid the…
Sri Lanka’s deep debt bind
Sri Lanka’s deep debt bind
Sri Lanka today exists in a no man’s land between debt restructure and default. In late June, the government released its proposed domestic debt restructure deal, which in turn…
Economic diplomacy: Hard labour managing geo-economic fragmentation
Economic diplomacy: Hard labour managing geo-economic fragmentation
Catching a wave The Biden administration’s loosely named Inflation Reduction Act has flowed through the global economy like a tsunami engulfing everything from the reshoring…
De-dollarisation: shifting power between the US and BRICS
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…