This paper provides an evaluation of the long-term fiscal sustainability of advanced economies, based on current estimates of these economies’ current-policy fiscal trajectories. As will be quite evident, for many countries short-term fiscal measures, such as the debt-GDP ratio and the...

While it is widely recognized that industrial development is imperative in developing countries to reduce poverty and to attain sustainable economic growth, there is no consensus on how to develop industries and where to start. Generally, the literature argues that developing countries should...

This paper analyses the evolving China-Africa relationship with particular reference to the competing perspectives on the impact of Chinese investment on the continent’s development. In doing so, it draws on two recent studies by the Brenthurst Foundation, one on China’s natural...

In 2002, the Australian Bureau of Statistics became the first national statistical agency to produce a broad-focused measuring tool for assessing national progress, developing what was then known as Measuring Australia’s Progress. MAP was developed to help Australians assess whether life...

This paper examines a new economic narrative for Australia to replace the emphasis on 'competitiveness' that sustained the wave of reform in the 1980s and 1990s. The need to ensure that Australians are endowed with the capabilities that will be relevant to success in this Asian century calls for...

The industrial transformation of Asia is a development on a scale unprecedented in human history. Following the industrial revolution towards the end of the eighteenth century, Europe and North America each in turn came to dominate the world economy and global power. Now economic weight is...

The United States and China are at a turning point in their economic relationship. In the past, foreign direct investment (FDI) flowed predominantly from the “developed world†to the “developing world,†from countries such as the United States to those like China. Now,...

From the demographic perspective, the 21st century is the population ageing century. Population ageing is well underway in all Asian countries as a result of the spectacular falls in both fertility and mortality rates in the second half of the 20th century.

Green growth entails several different kinds of processes : conversion to low-carbon energy, climate resilience, and response to climate shocks. Equity implies a fair sharing of the costs, within countries and between countries. The authors set out to explore some of the ways that equity has...

Developing Asia is the driver of today’s emissions intensive global economy. As the principle source of future emissions, the region is critical to the task of global climate change mitigation. Reflecting this global reality and a range of related domestic issues, the governments of...