Failure has been the fate of government-owned or -subsidised fleets, and protected shipping markets, throughout Australian history. History, economics, shipping trends and strategy tell us that the government’s strategic fleet policy will also fail—because the …
The APEC summit in San Francisco this week offers poignant echoes and painful contrasts with the first summit in Seattle 30 years ago. Asia–Pacific Economic Cooperation is always ‘four adjectives in search of a noun’, …
A leading business guru of yesteryear once observed that management was ‘doing things right’, while leadership was ‘doing the right things’. But what do you call it when you’re doing both? This is an important …
World leaders attending the International Monetary Fund and World Bank annual meetings in Marrakesh this week have some difficult decisions to make. For starters, numerous developing economies—including Egypt, Ethiopia, Ghana, Kenya, Pakistan, Sri Lanka, Tunisia, …
Western efforts to choke Russia’s oil profits are failing as production cuts agreed with Saudi Arabia push the market price towards US$100 a barrel and Russia’s biggest customers—China and India—start paying close to full market …
