Economists back social distancing 34-9 in new Economic Society-Conversation survey

May 20, 2020 15:43 pm UTC| Economy

Australian economists overwhelmingly back social distancing measures that slow the spread of coronavirus over the alternative of easing restrictions and allowing the spread of the disease to pick up. But a significant...

Pay cuts to keep jobs: the tertiary education union's deal with universities explained

May 20, 2020 15:38 pm UTC| Economy

The National Tertiary Education Union (NTEU) last week announced its negotiated draft agreement with universities. The deal aims to save at least 12,000 university jobs at risk due to the COVID-19 pandemic in return for...

Four ways economic crisis can change things for the better

May 20, 2020 15:35 pm UTC| Economy

It is common to hear people say that the epoch of enormous economic progress which characterised the last century is over. That a decline in prosperity is more likely than an improvement in the decade which lies ahead of...

The big stimulus spending has just begun. Here's how to get it right, quickly

May 20, 2020 15:29 pm UTC| Economy

Responding to COVID-19 required governments to make hard choices with enormous consequences. The biggest were whether to let the disease rip, lock it down, or strike out in search of a middle ground that delivered the best...

Economic policy remains hotly contested in South Africa: this detailed history shows why

May 20, 2020 15:24 pm UTC| Economy

Economic inequality in post-apartheid South Africa has deepened. This is not what was expected. Firstly, the African National Congress (ANC) won an overwhelming victory in the 1994 elections and promised to significantly...

Metal Supply & Demand Series

S. Korea to Hasten Infra Projects, Infuse 400-B Won to Help Steel Sector

May 18, 2020 09:18 am UTC| Economy

South Korea will cushion the steel industrys fallout caused by weak demand by fast-tracking infrastructure projects and spending over 400 billion won on research and development. According to Industry Minister Sung...

G-20 Members Agree on Plan to Sustain Global Supply Chains

May 18, 2020 09:15 am UTC| Economy

South Korea has adopted an action plan with other members of the Group of 20 to maintain the global supply chains and refraining from implementing new trade barriers. During a virtual meeting attended by South Korean...