http://www.anu.edu.au/discoveranu/content/podcasts/ en celeste.ecuyer@anu.edu.au Copyright 2009 2009-11-05T03:40:10+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/the_australian_labour_market_in_booms_slumps/ http://www.anu.edu.au/discoveranu/content/podcasts/the_australian_labour_market_in_booms_slumps/#When:06:04:32Z Professor Gregory will look back and analyse employment, skill imbalances, hours worked and welfare interactions in each of the economic booms and slumps over the last four decades and ask is Australia making progress in overcoming what appear to be entrenched structural problems in the labour market? He will also look forward to the next economic upswing and conjecture whether labour market outcomes will be very different from past experiences? He will comment on the changing labour market outcomes for men and women. Public Lecture, Economics, ANU College of Arts and Social Sciences, University, Business and Economics 2009-10-23T06:04:32+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/one_year_after_garnaut_review/ http://www.anu.edu.au/discoveranu/content/podcasts/one_year_after_garnaut_review/#When:00:30:39Z Professor Ross Garnaut presented the final report of the Garnaut Climate Change Review to Prime Minister Kevin Rudd on 30 September 2008, the morning of the largest ever one day points fall on the New York Stock Exchange. Since then, the histories of the financial crisis and climate change policy have been closely linked. Amongst much else, they have been linked by the challenge that Governments have faced, in Australia, in the United States and elsewhere, in formulating policy in the national interest alongside an extraordinary presence of vested interests in the policy making process. This lecture analysed the past year's history of policy-making on climate change in this difficult context, and assess the prospects of the world developing a satisfactory response to the risks of dangerous human-induced climate change. Part of the Toyota-ANU Public Lecture Series 2009 Public Lecture, Economics, Environment, Policy & Political Science, ANU College of Asia and the Pacific, Asia and the Pacific 2009-09-15T00:30:39+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/financial_crisis_what_happened_and_why/ http://www.anu.edu.au/discoveranu/content/podcasts/financial_crisis_what_happened_and_why/#When:06:01:30Z The lecture comprised a description and an analysis of (some aspects of) the current financial crisis.  The crisis is viewed as a "financial perfect storm" resulting from a combination of developments in global markets for goods and financial assets.  Special attention is devoted to the incentives created by developments in financial markets in the United States and the United Kingdom.   A comparison of the experiences of these two countries is used in assessing the relative importance of the various changes in incentives.  At some points, comparisons with what happened in other countries help in isolating the key changes. This lecture was presented by the Centre for Applied Macroeconomic Analysis,  ANU College of Business and Economics, as part of the ANU Public Lecture Series 2009. Public Lecture, Economics, ANU College of Business and Economics, Business and Economics 2009-07-28T06:01:30+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/global_migration_of_skill/ http://www.anu.edu.au/discoveranu/content/podcasts/global_migration_of_skill/#When:04:12:05Z  This lecture examined the growing phenomenon of international skilled migration with particular attention to its impact on developing countries. A framework was developed for understanding the different measures of ‘brain drain' and how they are related to wage and income differences across countries around the world. Based on new data sources, differences in the prices of skill across countries were estimated and were used to explore how skill price differentials affect the magnitudes and skill-intensity of permanent migration to the United States and Australia and the magnitudes and direction of the flows of foreign students. Particular attention was also paid to the circular flow of migration and to understanding the role of higher education in fostering the outflow of international students and their return to their home countries. Public Lecture, Economics, ANU College of Arts and Social Sciences, ANU College of Asia and the Pacific, ANU College of Business and Economics, Arts and Social Sciences, Asia and the Pacific, Business and Economics 2009-06-02T04:12:05+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/vanishing_third_world_emigrants/ http://www.anu.edu.au/discoveranu/content/podcasts/vanishing_third_world_emigrants/#When:04:03:15Z A secular decline in emigration rates from the Third World since the 1990s has gone unnoticed. The recent rise in unemployment in high-wage countries has accelerated the secular decline. These trends have gone unnoticed partly because observers have been obsessed with immigration rates, and partly because of their belief that aging in rich countries will augment the demand for more immigrants. This lecture shows that the Third World supply side matters even more, just as the previous two centuries of history has shown. Third World migrants will begin to vanish from our midst as the 21st century unfolds. This lecture was filmed and broadcast by Slow TV and A-PAC Public Lecture, Economics, ANU College of Asia and the Pacific, ANU College of Business and Economics, Arts and Social Sciences, Asia and the Pacific 2009-04-03T04:03:15+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/wage_inequality_comparative_perspective/ http://www.anu.edu.au/discoveranu/content/podcasts/wage_inequality_comparative_perspective/#When:03:54:11Z Wage inequality has been increasing is most industrialised countries over the last two or three decades. There are, nonetheless, major differences across countries in terms of the timing and magnitude of the growth in inequality. A large number of explanations have been suggested for these observed changes, including technological progress and the computer revolution, labour market institutions and social norms, and changes in the relative supply of highly educated workers. The validity of these explanations will be assessed in light of the large differences in inequality growth across countries, and the stunning growth in the concentration of income at the top end of the distribution. Public Lecture, Economics, ANU College of Asia and the Pacific, ANU College of Business and Economics, Asia and the Pacific, Business and Economics 2009-04-03T03:54:11+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/ecology_conservation_public_policy/ http://www.anu.edu.au/discoveranu/content/podcasts/ecology_conservation_public_policy/#When:01:28:46Z One of the great challenges of this century is to answer the question: Howdo we bring first class basic science to bear on important appliedproblems? Although the path is not completely clear, it is becoming moreso. Professor Mangel will address a series of sub-questions including: How does the nature of environmental problems differ from other kinds of problems? How do we deal with uncertainty, data and models? How can science support policy making? How do we and what should we learn from other disciplines? After answering these questions, he will provide some suggestions to thenext generation of biologists. Public Lecture, Biological Sciences, Economics, Environment, ANU College of Asia and the Pacific, Asia and the Pacific 2009-03-27T01:28:46+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/charting_towards_low_carbon_economy/ http://www.anu.edu.au/discoveranu/content/podcasts/charting_towards_low_carbon_economy/#When:03:53:08Z The presentation focuses on three key questions on climate change: what set of policies are desirable? What are the impacts of policy action, and is global action achievable? The first question requires the development of a robust national policy framework and to ensure a set of policies are in place that deliver abatement and adjustment at least cost to the economy. The second question requires an understanding of the causes, nature, and the scale of the economic impacts to achieve the transition to a low carbon future. The third and final question relates to the political economy of international action, and whether a robust and worthwhile agreement is achievable. The lecture  highlights the contribution of economics in providing a response to these important issues. Public Lecture, Economics, Environment, ANU College of Asia and the Pacific, Business and Economics 2008-12-08T03:53:08+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/do_garnauts_targets_add_up/ http://www.anu.edu.au/discoveranu/content/podcasts/do_garnauts_targets_add_up/#When:01:37:08Z On Friday, 5 September 2008, Professor Ross Garnaut released his much awaited supplementary draft report on targets and trajectories. The report argues that Australia's mid- and long-term targets should be to reduce emissions net of international trading by 10 per cent from 2000 levels by 2020, and 80 per cent by m2050. This, we are told, is a proportionate contribution to the ‘achievable' international goal of stabilising the atmospheric concentration of greenhouse gases at 550 parts per million (ppm) of carbon dioxide equivalent (CO2-e). This lecture, Do Garnaut's targets add up? An analysis of the Garnaut Review's targets and trajectories recommendations, explored whether the proposed national targets are consistent with the goal of stabilising atmospheric greenhouse gas concentrations at 550 ppm CO2-e and whether the risks associated with his 'overshoot' strategy have been fully explored. Public Lecture, Economics, Environment, Law, Justice & Law Enforcement, ANU College of Law, Law 2008-12-02T01:37:08+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/financial_shocks_and_the_macroeconomy/ http://www.anu.edu.au/discoveranu/content/podcasts/financial_shocks_and_the_macroeconomy/#When:04:59:57Z This lecture was the Sixth Sir Roland Wilson Foundation Lecture. The lecture expands on the final chapter of Macfarlane's 2006 Boyer Lectures, which suggested that future economic shocks would be financial in origin. In particular it examines the implications of the current credit crisis for economic stability, for the financial security of the household sector and for retirement incomes policies.For more information on the Sir Roland Wilson Foundation go to: http://www.anu.edu.au/endowment/content/sir_roland_wilson_foundation/ Economics, Policy & Political Science, ANU College of Business and Economics, Business and Economics 2008-09-18T04:59:57+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/the_evolution_of_economic_policy_on_climate_change/ http://www.anu.edu.au/discoveranu/content/podcasts/the_evolution_of_economic_policy_on_climate_change/#When:04:38:58Z ANU Trevor Swan Distinguished Lectures in Economics The lecture traces the outlines of economic thinking on climate change. Two competing paradigms are reviewed: (1) modelling of greenhouse gases mitigation as a dynamic optimal control problem and (2) the willingness to pay of the present generation to ensure future generations against the potential adverse impacts of climate change. The presentation examines the challenges of the economics of international co-operation, the choice of economic instruments for climate mitigation, uncertainty, climate adaptation, abrupt climate change, induced technological change, discounting, and equity considerations. Economics, Environment, Policy & Political Science, ANU College of Asia and the Pacific, ANU College of Business and Economics, Asia and the Pacific, Business and Economics 2008-09-05T04:38:58+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/climate_change_mitigation/ http://www.anu.edu.au/discoveranu/content/podcasts/climate_change_mitigation/#When:04:26:58Z Decisions on whether and how much mitigation of the risks of dangerous climate change is justified raises exceptional challenges. In this lecture Professor Garnaut discusses the issues that arise when we measure and compare market and non-market costs with the benefits of climate change mitigation. He explores the value judgements that must be made when comparing welfare of people with different incomes and wealth, living in different countries, at different times. He also looks at how these conceptual challenges are compounded by uncertainties in scientific and economic analysis. Finally, he examines the awful uncertainties within which Australian and other governments are compelled to make fateful decisions or equally fateful non-decisions in the years immediately ahead. This was the Sixth HW Arndt Memorial Lecture. >> Watch it on SlowTV Public Lecture, Economics, Environment, ANU College of Asia and the Pacific, Asia and the Pacific 2008-06-10T04:26:58+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/memories_lost_found/ http://www.anu.edu.au/discoveranu/content/podcasts/memories_lost_found/#When:01:00:01Z The talk looks back over the period of the Hawke, Keating and Howard governments and discusses what has been learned and what has been forgotten. It offers conjectures on likely economic outcomes during the first term of the Rudd government. Issues canvassed include monetary policy, inflation, labour market reforms and their outcomes and the changing overlap between the labour market and the welfare system. Public Lecture, Economics, Policy & Political Science, University, Arts and Social Sciences 2008-04-28T01:00:01+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/socratic_forum/ http://www.anu.edu.au/discoveranu/content/podcasts/socratic_forum/#When:23:25:00Z In this debate, ANU plays host to a number of influential public figures including ACT Attorney General Simon Corbell; Dr Clive Hamilton, The Australia Institute; Professor Peter Bailey, ANU; Channel 10's Political Commentator, Paul Bongiorno; Karen Middleton, SBS; and Charles Sampford from the Institute of Ethics Governance and Law. Speakers contest a vigorous debate on issues surrounding Commonwealth-State Relations in Australia. The Socratic Forum is part of a national discussion series aimed at encouraging frank, non-partisan and open debate on issues of importance to the Australian community. Public Lecture, Economics, Law, Justice & Law Enforcement, Policy & Political Science, Society & Culture, ANU College of Medicine and Health Sciences, Law 2008-03-13T23:25:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/wake_of_economic_reform/ http://www.anu.edu.au/discoveranu/content/podcasts/wake_of_economic_reform/#When:05:54:01Z   Has economic reform run its course? What potential remains for the resumption of nation building progress? Contrary to expectations Canberra emerges from 20 years of neo-liberalism with disciplined government, ample revenues, an effective regulative apparatus and – perhaps – the capacity for government to steer the economy towards a brighter future. In this lecture, Professor Pusey weighs these prospects against the negative impacts of neo-liberalism on our institutions and then examines from the three viewpoints of: our national political experience, the administrative apparatus, and popular expectations. Professor Pusey then considers the dynamic energies inherent in the challenges, respectively, of climate change, infrastructure development, and economic policies based on enhancing of quality of life. Michael is a Professor of Sociology in the School of Sociology, University of New South Wales, and a Fellow of the Academy of Social Sciences in Australia. In the early 1990s Michael Pusey's book Economic Rationalism in Canberra: A Nation-Building State Changes its Mind , started a national debate on economic rationalism and brought the term into public usage. His most recent book, The Experience of Middle Australia , examines the impact of economic restructuring on incomes, jobs, families, communities, politics and Australian culture. Public Lecture, Economics, Policy & Political Science, ANU College of Arts and Social Sciences, Arts and Social Sciences 2007-12-14T05:54:01+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/climate_change_platinum_age/ http://www.anu.edu.au/discoveranu/content/podcasts/climate_change_platinum_age/#When:23:33:00Z In the inaugural S.T. Lee Lecture on Asia and the Pacific Professor Garnaut asks: How the risks of climate change will interact with the 'Platinum Age' of global economic growth? What are the limits for global emissions within which the world will need to live if the risk of dangerous climate change is to be kept within acceptable bounds? What principles could be reasonably applied to the allocation of a global emissions budget amongst countries? What global emissions budget would make sense for Australia? What would these principles suggest for Australia’s climate change policy? Dr S.T. Lee comes from a distinguished family in Singapore that has for many years supported various community, educational and research causes. Since the early 1990s, Dr Lee has supported a number of scholarly projects around the world, and in 2007 endowed an annual lecture at ANU named the S.T. Lee Lecture on Asia and the Pacific. This annual lecture will provide opportunities for distinguished figures from the Asia-Pacific to speak on developments and trends in the region and draw attention to crucial issues that affect us all. Public Lecture, Economics, Environment, Policy & Political Science, ANU College of Asia and the Pacific, Arts and Social Sciences 2007-11-29T23:33:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/big_brother_google/ http://www.anu.edu.au/discoveranu/content/podcasts/big_brother_google/#When:03:38:00Z Google is increasingly being perceived as the company that will follow IBM and Microsoft in dominating the IT industry. In this presentation, Professor Clarke will outline the many business lines that Google is endeavouring to build, and then focus on what has become the major part of its business - knowing a lot about people. Public Lecture, Economics, Engineering, Information, Computing & Communication Sciences, ANU College of Engineering and Computer Science, Engineering and Information Technology 2007-10-04T03:38:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/india_shining_or_whining/ http://www.anu.edu.au/discoveranu/content/podcasts/india_shining_or_whining/#When:03:09:00Z India has registered nine per cent and higher GDP growth rates for three years in succession. But is this growth real and is it sustainable? Has there been a structural change in the economy or is it cyclical? If there has been structural change, what are the reasons behind it? In this lecture, Professor Bibek Debroy explores whether growth has been pro-rich or beneficial to the poor; what poverty figures show, and what role inequality has played. He asks why Indian agriculture not been growing fast enough, consider problems with employment generation, and teases out what the geographical divide can tell us. Finally, he asks what policy interventions can do to bridge this divide, outlining the pending agenda of reforms. Public Lecture, Economics, ANU College of Asia and the Pacific, Asia and the Pacific 2007-10-03T03:09:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/coping_climate_change_india/ http://www.anu.edu.au/discoveranu/content/podcasts/coping_climate_change_india/#When:00:09:00Z 2007 K R Narayanan Oration Recent high rates of economic growth in India and other parts of the developing world, while reducing poverty and raising global economic growth, have put considerable stress on the environment even as it is already saddled with high emissions from the developed world. The 2007 K R Narayanan Oration  by Dr Rajendra K. Pachauri questions whether such growth patterns can be sustained into the future and what options are available for ensuring that the adverse impact of economic growth on the environment is manageable. Public Lecture, Architecture, Urban Environment & Building, Economics, Environment, Humanities, Policy & Political Science, Society & Culture, ANU College of Asia and the Pacific, Asia and the Pacific 2007-09-17T00:09:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/achieving_and_maintaining_full_employment/ http://www.anu.edu.au/discoveranu/content/podcasts/achieving_and_maintaining_full_employment/#When:05:48:57Z In 1951, the year Sir Roland Wilson became Secretary to the Treasury, the terms of trade rose to their highest level on record. While the terms of trade fell back in the following year, they did not fully retrace their rise for a number of years. Around this time, Australia entered a long period of sustained economic growth, with the unemployment rate rarely rising above 3 per cent. Today the Australian economy is growing strongly, supported by the highest terms of trade since Sir Roland was Treasury Secretary, and the unemployment rate is at a level many thought could not be achieved unless accompanied by rampant growth in wages and prices. In the 2007 Sir Roland Wilson Foundation Lecture, Ken Henry compares the structure of the Australian economy in the 1950s and 1960s with that of today, and discusses the reasons for the changing focus of economic policy. Public Lecture, Commerce, Economics, Management, ANU College of Business and Economics, Business and Economics 2007-08-23T05:48:57+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/emissions_trading/ http://www.anu.edu.au/discoveranu/content/podcasts/emissions_trading/#When:00:00:01Z Will emissions trading harm or benefit the economy? Can emissions trading get Australia to a low emissions future? What is the right way toward an effective post-Kyoto international scheme? This is an opportunity to engage with leading experts as they present their perspectives.   Public Lecture, Economics, Environment, ANU College of Science, Arts and Social Sciences 2007-08-21T00:00:01+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/china_west_21st_century/ http://www.anu.edu.au/discoveranu/content/podcasts/china_west_21st_century/#When:02:56:01Z China’s phenomenal economic growth is paralleled in scale and speed only by the rise of the United States between the Civil War and the First World War in 1914. Since 1978 the economy has grown ninefold, and is set to become the second largest within a decade. From inauspicious beginnings, China has become a $2 trillion economy because the Communist Party has channelled huge savings into investment, and encouraged millions of workers into its booming cities, the biggest migration in history. In this lecture, Will Hutton, best-selling author of The State We’re In and The World We’re In , will discuss the probability of China attaining the baton of global leadership as the new superpower of the 21st century. Public Lecture, Economics, Policy & Political Science, ANU College of Business and Economics, Asia and the Pacific 2007-06-13T02:56:01+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/itc_industry/ http://www.anu.edu.au/discoveranu/content/podcasts/itc_industry/#When:03:57:00Z The Australian Information Industry Association (AIIA) leads the Information and Communications Technology (ICT) industry in Australia. AIIA comprises almost 500 member companies that generate combined annual revenues of more than $40 billion, employ 100,000 Australians, and export more than $2 billion in goods and services each year. This public lecture discusses the strategic direction of the Australian ICT industry and the changes in public policy that are needed to accelerate business growth. Public Lecture, Economics, Engineering, Information, Computing & Communication Sciences, ANU College of Engineering and Computer Science, Engineering and Information Technology 2007-03-27T03:57:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/missing_dimension_stateness/ http://www.anu.edu.au/discoveranu/content/podcasts/missing_dimension_stateness/#When:05:13:01Z While Professor Francis Fukuyama’s changing evaluation of the arguments of his one-time Neocon colleagues has illuminated major issues about American policy and the war in Iraq, his general thinking about weak states and foreign intervention has received less attention in Australia. In this lecture he continues his review of policies and practices on international aid and the rebuilding of weak, failing and failed states. As Professor Fukuyama has argued, “state-building is one of the most important issues for the world community”, but the history of the last 30 years has shown that the ‘conventional wisdom’ and much expenditure have not resulted in the building of efficient, just and economically vigorous states. Professor Fukuyama does not concede that because foreign aid has had slight (and sometimes a negative) impact it should be abandoned. He has put the case for long-term commitment, pragmatic assessment of what works, stimulation of demand in recipient states and sensitivity to local cultural forces. Now, he returns to the broad issues of aid and state formation, and draws on observations resulting from his research and travel in Melanesia and elsewhere. The organisers, State Society and Governance in Melanesia at the ANU College of Asia and the Pacific, are grateful to the Australian Government through AusAID for its support of this event. Public Lecture, Economics, Policy & Political Science, Society & Culture, ANU College of Asia and the Pacific, Arts and Social Sciences, Asia and the Pacific 2006-12-18T05:13:01+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/architecture_climate_change/ http://www.anu.edu.au/discoveranu/content/podcasts/architecture_climate_change/#When:03:19:00Z The Fifth Annual Sir Leslie Melville Lecture was presented by Professor Warwick J McKibbin.  Sir Leslie Melville’s legacy includes the design and establishment of new institutions for dealing with global macroeconomic interdependence. Today the world is grappling with a far more complex set of problems related to environmental interdependence on a global scale. In this lecture, Professor Warwick McKibbin argues that major countries must respond to the issue of climate change, taking into account the enormous uncertainties that are involved. He discusses the key features of the climate change policy problem and will outline a policy framework that would allow an effective but flexible response to what may be the major issue of our time. Public Lecture, Economics, Environment, Policy & Political Science, ANU College of Asia and the Pacific, Business and Economics, Physical Science 2006-10-31T03:19:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/proliferating_preferences/ http://www.anu.edu.au/discoveranu/content/podcasts/proliferating_preferences/#When:05:30:00Z Preferential trading arrangements are becoming increasingly popular among the nations of the world. But are they a positive development? In the Fourth H W Arndt Memorial Lecture – presented by the ANU College of Asia and the Pacific and the ANU College of Business and Economics – Professor Jagdish Bhagwati argues that bilateral, sub-regional and regional free trade agreements, and the granting of one-way preferences to developing countries of choice, are creating a massive erosion of the non-discrimination that the architects of GATT endorsed as a central principle of the world-trading regime. Professor Bhagwati documents this erosion and addresses ways in which we must respond to it. Public Lecture, Commerce, Economics, International Business, Policy & Political Science, ANU College of Asia and the Pacific, ANU College of Business and Economics, Asia and the Pacific, Business and Economics 2006-08-17T05:30:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/australias_qantas/ http://www.anu.edu.au/discoveranu/content/podcasts/australias_qantas/#When:05:21:00Z Sir Roland Wilson Lecture 2006 The Australian public servant Sir Roland Wilson had a long and illustrious career. He was also a proud and active Chairman of Qantas from 1966–1973, during a time of extreme turbulence for the company. In Sir Roland's address on the airline’s fiftieth anniversary, he declared that it was a near miracle that the company had lasted so long, and done so well. In this lecture, Qantas Chairman Margaret Jackson considers the modern challenges faced by Qantas and describes how the company is drawing on its tradition of being bold, brave and innovative to survive and succeed in the 21st century. Public Lecture, Commerce, Economics, Management, University, Business and Economics 2006-08-17T05:21:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/such_a_long_journey/ http://www.anu.edu.au/discoveranu/content/podcasts/such_a_long_journey/#When:06:16:00Z Chaired by Professor Robin Jeffrey, Convener of the ANU College of Asia and the Pacific Presented by the Australia South Asia Research Centre, Research School of Pacific & Asian Studies, ANU College of Asia & the Pacific. In this lecture, Suman K. Bery looked at the steps India needs to take before it can fulfill its potential and become one of the world's great economic powers. He focused on India’s management of its exchange rate and monetary policy, including the opening of its capital account and the management of its fiscal rate and reserves. Mr Bery argued that this is the right time for India to adopt convertibility of the rupee on the capital account and enhance economic growth prospects, because of its current large foreign exchange reserves. A paper by Lal, Bery & Pant, The Real Exchange Rate, Fiscal Deficits and Capital Flows, is available on request from asarc@anu.edu.au Public Lecture, Commerce, Economics, International Business, ANU College of Asia and the Pacific, Asia and the Pacific, Business and Economics 2006-02-27T06:16:00+10:00 http://www.anu.edu.au/discoveranu/content/podcasts/india_emerging_economic_power/ http://www.anu.edu.au/discoveranu/content/podcasts/india_emerging_economic_power/#When:06:24:00Z The first lecture in the ANU-Toyota Public Lecture Series 2006 was presented by the ANU College of Business & Economics. In this lecture, influential Indian economist Professor B.B. Bhattacharya outlined the reasons for India’s success and considered the challenges ahead. He discussed how long-term prosperity in India will depend on increased growth in the agricultural sector, which employs the majority of workers, but has been lagging behind areas like information technology and telecommunications. Public Lecture, Economics, International Business, ANU College of Business and Economics, Business and Economics 2006-01-30T06:24:00+10:00