Last week Brazil and China made a deal to shift away from trading goods and services using the US dollar to their own respective currencies. As you may know, when two nations trade, usually each has to convert their currency into a common currency. For the past century, the US dollar has had this role, …
By Yash Barve Despite the calmness of January and February, March has proved to be the most eventful month of the year for the economic and financial world. The fall of large banks such as SVB, Signature Bank, and Credit Suisse has not only injected a new batch of market uncertainty but also major doubt …
In 2017, then Treasurer Scott Morrison stood before the House of Representatives, holding a lump of coal, and exclaimed: “Don’t be afraid, don’t be scared – It’s just coal”. Journalists believed they saw a mirage, while others questioned the logic behind such a stunt. Commentators criticised Mr Morrison for living in the past, with a …
It was the year 2011. Adele’s smash hit ‘Rolling in the Deep’ topped Billboard charts and Harry Potter and the Deathly Hallows Part 2 was the highest grossing film. Closer to home, most of the current UNSW cohort spent their days contemplating whether to trade their tiny teddies for a roll-up at recess, or to …
Context Everybody loves a bargain. But, the softest cotton can come from the harshest of conditions. Behind the excitement and price slashes of mid-year sales is the sorrowful reality of child labour. According to the International Labour Organisation (‘ILO’) and UNICEF’s global estimate, the number of children in forced labour has increased for the first …
Norway is a mysterious land for the outside world. The general public associates the country with ahigh standard of living, high taxes and historically the Vikings. However, beneath this rocky,mountainous and desolate wasteland, a strange economic tale sits. Today, like a fairy-tale I’ll betaking you through the mysterious world of the Norwegian Economy and Pension …
An Economics Fairy Tale – The Norwegian and Venezuelan Economies Read More »
When you think about the country Sri Lanka, I’m sure a few things come to mind. Maybe you visualise the island nation’s tranquil landscape and the endless beaches that lead into lush rainforests. Maybe you start drooling over the thought of devouring delectable curries and sipping a coconut at that golden hour. But I’m sure …
We use it every day, but have you ever thought about the economics of the internet and its infrastructure. Just thirty years ago, there was hardly any economic activity on the internet, which was used to send small data packages between individual users over dialup (The same network as your gran’s landline phone). Now the …
We all appreciate the convenience of an Uber when we’re stranded somewhere after a night out. But how exactly do these digital platforms ensure their workers are protected and paid enough? This is an increasingly hot topic as Australia’s gig economy has boomed since the beginning of the pandemic. In particular, app-based transportation and delivery …
1984 But on Steroids? Fighting within Ukraine, a soaring inflation rate, increased food and commodity costs and a rapidly depreciating currency. It all sounds a little too apocalyptic for our world. However, this is precisely the predicament for the Russian Government, with a currency drop so severe, if not managed correctly, would harken Russia back …
A Discursive Piece on Negotiation and Deal Making Read More »
