When eco-tourism first emerged as a buzzword in the 90s, this was universally accepted to be a good thing. Demand by affluent travellers for authentic first-hand experience of pristine jungles, mountains and beaches caused local communities to see their natural resources as a source of tourist income. They were incentivised
In economics, we are often presented with the benchmark of a perfectly competitive market, in which a large number of buyers and sellers trade homogenous products with perfect knowledge regarding price and utility. The only feature Camberwell Sunday Market shares with this benchmark is a large number of buyers and
Dubbed ‘the sovereign debt trial of the century’, NML v. Argentina saw notorious ‘vulture fund’ Elliot Capital Management face off against ‘rogue debtor’ Argentina. The decades-long case concerned the restructure of more than US$82 billion of debt that fell due during Argentina’s economic crisis of 2001.
As students from Monash and Melbourne converged on the heart of Clayton campus for the inaugural ESSA Monash versus Melbourne Economics debate, the tension crackling in the air was palpable. For the Melbourne team, losing to the new kids on the block would be an irrevocable stain on their self-perception.