Economics & Business Archive

World leaders are convening in Paris this week for COP21, the 2015 U.N. Climate Change Conference, in hopes of reaching an agreement on how to slow global warming. Although momentum toward clean energy and reduced greenhouse gas emissions has increased around the world, a real shift will require more coordination, better-enforced legal frameworks and a renewed focus on innovation. All of the articles linked below are free for nonsubscribers until Dec. 17. What’s at Stake in Paris? In Climate Talks, as in Syria, Half-Measures Must Do for France’s HollandeFrom managing security measures following the Paris attacks of Nov. 13 to […]

Editor’s note: This article is part of an ongoing WPR series on the Trans-Pacific Partnership and the potential impact on members’ economies. Since the Trans-Pacific Partnership, a trade deal between 12 Pacific Rim countries, was agreed to last month, many in Australia have expressed concern over its intellectual property provisions. In an email interview, Leon Berkelmans, the director of the international economy program at the Lowy Institute, discussed the potential impact of the TPP on Australia’s economy. WPR: What economic benefits is Australia expected to see from its participation in the TPP? Leon Berkelmans: Agriculture is an area where there […]

The military alliance with the United States has been a cornerstone of Australia’s strategic and defense policy since World War II. Recently, however, signs have emerged that Australia might more carefully weigh its options when it comes to dealing with China, the rising great power in Asia and Australia’s most important trading partner. Last month, only days after the U.S. guided-missile destroyer USS Lassen sailed within 12 nautical miles of an artificial island near Subic Reef in the South China Sea, which is claimed by China, two Australian Anzac class frigates conducted a live-fire exercise with Chinese warships. Moreover, a […]