logo
episode-header-image
Jul 2016
10m 15s

Business Briefing: Trouble in the South ...

THE CONVERSATION
About this episode
Disputed: Taiping Island, in the South China Sea. Office of the President of Taiwan

China is on the defensive after an international court ruled it had no claim to historic rights to resources within its so called “nine-dash line” in the South China Sea.

This decision is the latest in a long running dispute between the nations that border the South China Sea over ownership of the islands in the sea and maritime jurisdictions.

Professor Clive Schofield, from the University of Wollongong, explains that the reason for the dispute is not only sovereignty but also economic, as the area provides much of the fish consumed in South East Asia. Although he is doubtful of the claims of the estimates of oil and gas in the South China Sea (due to lack of exploration).

The area is also of great importance economically to Australia, due to the amount of resources and other trade shipped through the area. Positioned between China and the United States, Australia is in a tricky situation, as this latest ruling won’t resolve the ongoing tension in the area.

Up next
Dec 2017
What happened to the price of Bitcoin? The truth behind big bubbles and crashes
Justin Lane/AAPWhen Katherine Hunt’s dad asked her whether or not he should invest in Bitcoin, alarm bells rang, first she thought “he’s a musician”. Hunt is a lecturer in accounting at the Griffith Business School, and as someone who knows the five stages of a bubble and crash, ... Show More
18m 3s
Oct 2017
Business Briefing: questioning the economics of prison
The perimeter fence at Silverwater jail in Sydney's west AAPThere are more than 41,000 daily full-time prisoners in Australia, according to the latest ABS data. Many of them are in private prisons - almost 20% of the prison population according to a 2014 Productivity Commission r ... Show More
13m 40s
Aug 2017
Business Briefing: the ‘get rich quick scheme’ influencing what you buy
Advertising through online influencers is shaping consumer law, business models and people's careers. Nico Aguilera/Flickr, CC BY-SAIt sounds like a get rich quick scheme. Amass huge numbers of followers on a social media platform like Instagram and you can get paid like a celebr ... Show More
14m 14s
Recommended Episodes
Oct 2024
The Economy At and After the Election
The economy, stupid? Or maybe not? As Americans cast their votes for President they will be in part both passing judgment on the economic record of the last four years and signaling the type of policies they want for the next four. Donald Trump is promising solutions through tari ... Show More
35m 32s
Jul 2024
Campaign trail myths about immigration and the economy
Ahead of this year’s election, politicians are spinning out all kinds of narratives about how immigration hurts the U.S. economy. But an analysis by the Congressional Budget Office projects that a surge in immigration over the next decade will ultimately lower the federal deficit ... Show More
13m 13s
Mar 2025
Can New Zealand’s economy bounce back?
More than a year after a change in government, businesses are closing, unemployment is rising and workers are leaving for neighbouring Australia. As New Zealand's recession continues, uncertainty remains. So what is the government's plan? And could there be brighter times ahead? ... Show More
18m 38s
Sep 2024
Immigration and unemployment
When discussing the economy after the interest rate cuts last week, chair of the US Federal Reserve Jay Powell made an interesting comment about jobs numbers and immigration. “If you are having millions of people come into the labour force, and you are creating 100,000 jobs, you’ ... Show More
19m 8s
Apr 2025
Comeback Kid: Mark Carney Wins Canada Election
A.M. Edition for April 29. Former central bank governor Mark Carney leads his Liberal Party to a fourth term in office following a remarkable political turnaround. In a victory speech, Carney said Canadians were over the betrayal of Donald Trump’s tariffs, but that he was ready t ... Show More
14m 48s
Oct 2024
How Elections Damage the Economy
2024 is set to be the biggest election year ever, with nearly half the world's population heading to the polls! While democracy is generally a good thing, elections can create turmoil in economies, adding uncertainty to everything from trade to taxes. In this video, we dive into ... Show More
15m 53s
Dec 2024
Can Ghana’s economy recover?
In the first of a two part series ahead of Ghana’s presidential election, we are in Accra asking how much the economy is influencing how people vote. The country has faced one of Africa’s worst financial crises in recent years, and the recovery seems to be underway, but is this t ... Show More
19m 28s
Jan 2024
Happy jobs day to all who celebrate!
Turns out, businesses kept on hiring in spite of predictions. The Labor Department reports that 216,000 new jobs were added in December, and the unemployment rate held steady at 3.7%. We’ll look at longer-term trends and parse out which sectors saw hiring booms. Then, gadget-make ... Show More
7m 9s