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Lowy Institute Conversations: Ross Garnaut on Restoring Australia after the Pandemic Recession

Lowy Institute Conversations: Ross Garnaut on Restoring Australia after the Pandemic Recession
In this episode of Lowy Institute Conversations, Roland Rajah, Lowy Institute Lead Economist, sits down with Dr Ross Garnaut to discuss the ideas in his new book, Reset: Restoring Australia after the Pandemic Recession.
In this episode of Lowy Institute Conversations, Roland Rajah, Lowy Institute Lead Economist, sits down with Dr Ross Garnaut to discuss the ideas in his new book, Reset: Restoring Australia after the Pandemic Recession.
Ross Garnaut is one of Australia’s foremost public intellectuals. In 2008 he produced the Garnaut Climate Change Review for the Australian government, as well as an update of the review in 2011. He was previously a principal economic advisor to former Australian prime minister Bob Hawke and Australia’s ambassador to China in the late 1980s. ....

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Climate summit: Global leaders cool to Scott Morrison's Australia

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The host of the 40-nation climate summit, US President Joe Biden, opened the event by urging all the leaders to pledge to âovercome the existential crisis of our timeâ. It was âa moment of peril, but also a moment of extraordinary opportunitiesâ, he said on Thursday night Australian time.
The next speaker was the secretary-general of the UN, Antonio Guterres. âWe are on the verge of the abyss.â
Illustration: John Shakespeare
Credit:
After Americaâs four years of climate absenteeism under Donald Trump, several leaders expressed relief at Bidenâs activism in leading the planet back from the edge. With the world on a trajectory to warm by 3 degrees, the collective effort has to bend it to hold warming to a maximum of 1.5. ....

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Global cooling to Morrison's Australia

Global cooling to Morrison's Australia
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.

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The Australian economy can't reset without respect for knowledge: Ross Garnaut

The government should take note of the successful role knowledge played in policy-making during the pandemic, says economist Professor Ross Garnaut AC. ....

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Is Australia's stagnant wage growth worse than we thought?

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Australia is currently approaching its 10th year of wage stagnation and underemployment, and Professor Ross Garnaut, the University of Melbourne’s Professorial Research Fellow in Economics, believes the situation is worse than we think.
Professor Garnaut was quoted by the ABC as saying the increasing incomes of Australia’s largest earners have been disguising falling wage growth for everyday Australians.
EY.com reported there are approximately 44 million hours each week of spare capacity in Australia’s labour market. That equates to $649 million a week not reaching household pockets.
In his new book
, Reset: Restoring Australia after the Pandemic Recession, Professor Garnaut has described the Australian economy between 2013 and 2019 as the “dog days”, and said the government’s actions keep Australian’s underemployed. ....

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