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Steven Bond-Smith, senior research fellow at the Bankwest Curtin Economics Centre in Western Australia and incoming assistant professor at U-HERO
In a brief comparing these economies from the University of Hawaii Economic Research Organization, Steven Bond-Smith says the economies are relatively small scale, but still integrated as part of a globalized trade system. These economies, in order to compete, in order to be highly productive, they need to have a large-scale industry, Bond-Smith said. In Hawaii, the primary industry is tourism; in New Zealand, it s food and agriculture; and in Western Australia, it s iron ore.
However, external shocks - such as a drop in the price of iron ore and dairy, and fewer visitor arrivals - have led to recessions.
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Steven Bond-Smith, senior research fellow at the Bankwest Curtin Economics Centre in Western Australia and incoming assistant professor at U-HERO
Reality Check with Civil Beat: Co-living for digital nomads | Full Article
One Oahu real estate developer is launching a new co-living space for digital nomads in a penthouse just outside Waikiki. Civil Beat s Chad Blair joined us to talk about reporter Stewart Yerton s recent article.
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