Social security plays an essential role in an economy, but if designed incorrectly, it can distort individuals' labour supply and savings behaviour. We explore how well the Australian means-tested pension system provides social insurance by changing the settings of the system and calculating the ...
Business World Trade Organization How is the Trade War between USA and China impacting the Australian economy?Question:How is the Trade War between USA and China impacting the Australian economy?Trade War:Trade war refers to an extreme conflict resulting from the disagreement between ...
The Australian economy has begun to bounce back, and all signs point to a return to the steady growth that was a hallmark of the 2010s. Tempting as it may be, now is not the time ease off the gas. 00:00Audio Listen to this article In our previous article, we discussed why 2021 ...
To answer this question the article investigates different data collection approaches and finally presents a single, comparative snap shot on total employment in the maritime sector of the Australian economy at the close of 2010.doi:10.1080/18366503.2011.10815671Marcus BowLes...
How will the RCEP benefit the Australian businesses? The impact the RCEP will have on Australia is significant, particularly during the age of COVID-19. Trade is the backbone of Australia, with one in five jobs in the country being reliant on the industry. And trade will be vital in contr...
China's 'New Normal' has been widely discussed in both the press and in academic circles. While many aspects of the Chinese economy are expected to change in this situation, an important component of the change is a significant and persistent growth slowdown. Not surprisingly, Australian ...
Economic growth refers to the rate at which the value of commodities, services or/and goods, which are produced in a country increase over a specific duration of time. The unit of measuring economic growth is the percentage change of the gross domestic product ...
It’s still the land of opportunity, but now it’s confronting the human cost of its success. The new buzzwords: responsibility and empathy.
work in Asia-Pacific for McKinsey Digital. “We’re rapidly moving from a job-based to a skills-based economy requiring more nimble, tech-savvy, and multi-disciplinary teams. We’re seeing significant skills gaps emerging across all sectors of the Austr...
Evaluating the economic impact of “social distancing” measures taken to arrest the spread of COVID-19 raises a fundamental question about the modern economy: how many jobs can be performed at home? We classify the feasibility of working at home for all occupations and merge this classification...