Thursday, 29 October 2015

Andrew Charlton write for Quarterly Essay

Andrew Charlton is an Oxford-educated economist, the author of two books, and a Director at a strategy advisory business called AlphaBeta. He served as a senior advisor to former Australian Prime Minister Kevin Rudd. 

He attended the University of Sydney, and went to Oxford University as a Rhodes Scholar, where he received his doctorate in economics in 2005.

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Andrew Charlton Author

Andrew Charlton is former economic adviser to Australian Prime minister Kevin Rudd. He is also the co-founder of AlphaBeta, a strategy advisory business, where he currently serves as its director. During his prolific career, Andrew Charlton has written many acclaimed books on Australian and Chinese economy. 

Two of his most popular works are – ‘Ozonomics’ and ‘Fair Trade for All’ (co-written with Joseph Stiglitz). Below are some online resources where you learn more about Andrew Charlton’s books, as well as purchase them.

Here is the list of best sources of Author Andrew Charlton:

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Tuesday, 27 October 2015

Andrew Charlton: New Opportunities

Andrew Charlton is a co-founder and Director at AlphaBeta, a strategy advising business that serves clients across Australia and Asia.

He and some of his colleagues have traveled to China in September 2015 to find out how the changes in its economy will affect Australia, China’s biggest trade partner. They met with dozens of business leaders and government officials and soon determined they were asking the wrong question. What they really need to find out, he said, is how Australia can adapt to make sure it continues to profit, even as China’s economy changes.

“We continue to believe that China’s economy will slow further,” he wrote in a report prepared after the China trip. “But, for Australian businesses, more important than how fast China grows, is the question of where it grows?” China’s economy, he said, is not just slowing down. “It’s changing lanes. To make the most of new circumstances, Australia will have to change as well.”

The trip confirmed what he and his AlphaBeta colleagues had already determined. The present economic situation in China presents growth problems for Australia that could last as long as ten years. The good news is that Australia can act to take advantage of new opportunities that come with the changes.

Andrew Charlton was a Senior Economic Advisor to former Australian Prime Minister Kevin Rudd. He is an Oxford-educated economist who received his doctorate as a Rhodes Scholar. He is one of the few Australian economists to anticipate the slowing in China’s economy and its impact on commodity prices, questioning as early as 2011 whether China would be able to sustain its double-digit economic growth rates.

Friday, 23 October 2015

Andrew Charlton: Eight Opportunities

Andrew Charlton is a former Senior Economic Advisor to the Australian Prime Minister who is currently a Director at AlphaBeta, a strategy advisory business that serves clients throughout Australia and Asia. Andrew Charlton and his AlphaBeta team have closely monitored the faltering China economy, on which Australia relies so heavily. And he says that Australia can take advantage of new sources of Chinese growth.

“This won’t be easy,” he wrote in a report, shortly after he and his AlphaBeta colleagues went to China to research the matter first-hand. “For the last ten years, we rode the China minerals wave by luck. We had bountiful supplies of what China crucially needed.” 

The next growth phase won’t be as easy as the first, he continued, and they’ll need to work harder to position the Australian economy so it complements the future Chinese economy. But he and his AlphaBeta team have identified eight opportunities for business and investors outside of minerals and mining.

There is no doubt that China’s economy is slowing. Even Chinese government officials have acknowledge it. During their September 2015 visit, the AlphaBeta team heard repeatedly that China’s future growth will be “slower but safer,” and one government official conceded its economy has been flowing down for at least five years. “China’s economy,” Andrew Charlton wrote in the AlphaBeta report, “is now growing its slowest annual rate in twenty-five years, and there are now signs that we’ve reached the bottom.”

But Australia enjoys many comparative advantages in sectors other than mining that could go well with China’s future growth. “We have identified eight opportunities for business and investors outside mining,” he said, noting that the Mandarin word for “eight” sounds like the word that means prosper or wealth. “Hopefully these eight sectors will lead to prosperity for Australia too.” They are:

  • There are more than two hundred million “consuming class” households in China, and this is expected to rise by more than one-third in the next fifteen years. There are, in short, more people with disposable income than ever before. “This could represent a significant opportunity for Australian retailers.”
  • The rising consuming class will fuel the demand for food. Meat consumption alone could increase by forty percent in the coming fifteen years.

  • Travel is increasingly attractive and important to the new consuming class; this is being fueled by more annual leave for workers, visa relaxation, and other factors.

Financial services: 
  • The Chinese government is putting liberalised capital markets at the top of its reform agenda.

Clean energy and environmental services:
  • China has sustained much environmental damage and is going “green.”

  • China’s aging population will promote new growth in the healthcare industry.

Advanced manufacturing:
  • China’s 2025 manufacturing strategy identifies sectors in which Australian firms can benefit, such as railroads.

  • More than ninety thousand Chinese students currently study in Australia, a service export that could grow by another thirteen billion dollars in the next five years.

Andrew Charlton received his doctorate in economics from Oxford University.