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economics Archive
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Australia and China Sign Major Deals
Australia and China signed new deals worth A$10 billion dollars on Monday, vowing to push for an early free trade agreement as they ignored diplomatic concerns to focus on economic ties. Prime Minister Kevin Rudd warmly welcomed China’s Vice-President Xi Jinping to Canberra as he spoke of the booming economic ties with Australia’s biggest trading [...] -
Malaysia Unveils Bold Economic Alterations
Malaysia’s Prime Minister Najib Razak unveiled plans for bold economic reforms on Tuesday including an overhaul of racial preferences for majority Malays, in a roadmap to achieve developed-nation status by 2020. The “New Economic Model” was designed to boost growth, create a high-quality workforce, and attract badly needed foreign investment. The model also aims to halt Malaysia ’s [...] -
Global Crisis: Let Growth Engines Drive the Recovery
BY PETER A. PETRI - Last week, the IMF raised its semi-annual forecast of world economic growth for next year, from 2.5% to 3.1%. The projections confirm that Asia is leading the global recovery. This is good news: the last three such revisions were downward, and at the time of the last report in the spring many Asian economies were still in freefall. -
The Tipping Point: The rise of the East, the demise of the West
BY STEPHEN KING - We have reached a tipping point in global economic affairs. While there are some encouraging signs of recovery in the developed world, the real economic action is taking place elsewhere. For both cyclical and structural reasons, the emerging nations are set to dominate world economic activity in the years ahead. -
G-20: Gulliver and Lilliputians?
BY SIMON TAY - CRISES provoke changes. The initiative to bring together the world's 20 largest economies last November was one change the global economic crisis instigated. The Group of 20 (G-20) summit meeting in September in Pittsburgh was only its third. But the G-20 has already emerged as the key grouping in the global crisis.
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