Greg Sheridan:
Like Japan, South Korea and Taiwan before it, China has established rapid, sustained economic growth under an authoritarian government. It leaves citizens free to get rich, provided they don’t oppose the government politically. But unlike Japan, South Korea and Taiwan, it has not moved on from that situation to one where a rising [...]
Australian politicians have been patting themselves on the back for avoiding the recession that much of the Western world has fallen into, most notably the United States. Our “soft landing” is attributed to two things: a clever “stimulus” package that injected money into the economy to keep things humming along; and the strength of the [...]
Also tagged china, marketsIt’s raining money, because the Government has so much to spend.
5.7 Billion dollars over four years to “science and universities.”
But it’s not enough to simply give the science funding lobby money up to the eyeballs, it wants to pick winners as well, through the “$1.1 billion Super Science Initiative, which will fund infrastructure to [...]
American Universities have been hurting from the global financial crisis. Now apparently Australian universities are hitting tough times too: top universities bleeding millions. The fact that they are ‘public sector’ didn’t insulate them after all.
The crash of the universities’ financial reserves, which will reduce their ability to fund building projects, scholarships and research, will add [...]
Aid does not work.
Despite a trillion dollars of aid to Africa over many years, the place is worse than ever. But is aid actually creating the problem it is supposed to be solving? Author and economist Dambisa Moyo thinks so.
She says that when it comes to other poor countries, for example, Asian countries, the discussion [...]