Since there's never been a better time to be alive, why the backlash?

There’s never been a better time to be alive. So why the globalization backlash asks the World Economic Forum? The WEF explains that in aggregate terms, the human race has never had it so good. Life expectancy has risen by more in the past 50 years than in the previous 1,000.  When the Berlin Wall…

Perfect storm of events could trigger the next financial crisis

China will not be able to rescue Australia if another crisis hits, writes… Lee Smales, Curtin University Back in 2007, the first signs of stress in the US housing market were starting to appear. Managed investment funds at Bear Sterns and BNP Paribas were forced to close, or suspend payments, as they were unable to…

Brexit wins - implications for the world, Australia, and investors

Friday’s decision by Britain to leave the European Union has sparked shock, disbelief and fear. The biggest question on everyone’s minds is how does this affect the rest of the world? That is the question discussed by Dr. Shane Oliver, chief economist of AMP Capital, in his recent Oliver’s Insight. Here’s what he had to say:  In a…

Brexit stage right: what Britain’s decision to leave the EU means for Australia

Given Australia’s strong and enduring ties with both the UK and the EU, the shockwaves from Brexit will be felt in Australia soon enough, writes… Ben Wellings, Monash University Britain’s decision to leave the European Union has opened a fundamental crack in the western world. Australia’s relationship with the United Kingdom is grounded in the…

Look how the Economic Centre of the World has moved over the last 2,000 years

Cities have long been the world’s economic dynamos, but today the speed and scale of their expansion are unprecedented. However the following  map, made by the McKinsey Global Institute, is an insightful visualisation of economic development around the globe over the last two thousand years. It’s fascinating to trace the path of the economic center of the…

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