Michael Spence is a Nobel Prize-winning economist from the Stern School of Business at New York University. In his new book The Next Convergence: The Future of Economic Growth in a Multispeed World he explores the growth of developed nations, the opportunities through technology and the influence of climate change.
He says this is a period of major transition and we will have to adapt to it. I ask whether that means the developed world will have to get used to a lower standard of living. The answer, it seems, depends on how well we adapt.
Interestingly, despite such major forces of change, the place in the world for countries like the US, UK and Australia is rarely discussed. For example, what does Australia need to do to position itself favourably in the global economy of the future?
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Bringing Mobile into Public Policy
Does the government’s approach to broadband needs to be updated to take into account the mobile opportunity?
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The Aussie Coal Ban and Earnings Caution
The Aussie dollar is down. NAB’s Rodrigo Catril says it took two hits – first the reports of a ban on Aussie coal by China, secondly, caution from the US as the end of stimulus hopes sink in.
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Markets realise there’s tumult before a vaccine
The virus is back front and centre says NAB’s Gavin Friend and markets realise there’s a lot to get through before we reach a mass inoculation program.
