Category: Economy

The reverse cycle of aid politics

The Millennium Development Goals (MGDs) and many other development proposals that form part of the UN activities and other bilateral or regional agreements have always advocated that the developed and rich countries lend support – financially and technically – to the developing and poor countries to help them come out of poverty, underdevelopment and backwardness.…

Putting brake on housing bubbles

Recent economic indicators from Australian researches have projected a rather darker side of the Australia’s economic future, with possibility to some form of crash or recession in near future. Result from a new research show the household debt in Australia has grown to $1.8 trillion, equivalent to $88,000 per individual on average. This is 1.8…

Super Consciousness

In that part of the world, where I born and grew, they called it Provident Fund. Here in Australia, they call it Super Fund. For me, the words do not give a relative meaning to mean the money put into this is for you when you grow old. Whatever is there in meaning, this is…

Greece, EU and the economy

EU leaders might have by now realised how weak was the economic foundation of a political union in Europe. They hoped the disaster at Greece might have been avoided this time around, but it is very likely to bounce back. People of Greece will be disappointed that their parliament agreed to the tough terms of…

Employment, social security and Joe Hockey

One of the least debated issues about Liberal budget this year in Australia was about the government’s devious pressure for social security beneficiaries to return to workforce. Many will be loosing their government support outright while others will do in near future if they failed to adequately make efforts for getting a job. The pressure…

Females perform better

This week, Australian research institute Centre for Gender Economics and Innovation (C4GEi) and Infinitas Asset Management released a report that particularly drew my interest. This is all about performance indicators and female participation. From the time I got involved with Save the Children in 1997, I always advocated against undermining females. The reason for my…

Corruption explodes in Bhutan

Barely weeks after the Transparency International published its annual report stating Bhutan is least corrupted in South Asia, a major corruption scandal has shaken Bhutan badly. The case was silently ignored by the government despite media reports. The case is not barely corruption scandal rather an exposure of the continued power struggle between the political…

Political ideology detrimental to economic system

Legal system of a country greatly influences the way business operates. Political and legal systems, to certain extent, determine the kind of economic system a country has and it governs the business activities. The government is the formal institutions and processes that are responsible for making and enforcing the collective decisions for society and the…