Nauru rejoins the high income club

The island nation of Nauru has been readmitted to the World Bank’s high-income club. The turnaround in Nauru’s economic woes is partly due to increased income from fishing licences - but it is revenue from Australia’s Regional Processing Centre that's transformed the tiny economy. Plus, back in the penalty box – trade sanctions are expected as the Commonwealth cancels Victorian agreements with China’s Belt and Road project. And Menulog trials employing food delivery riders.

Guests:

Richard McGregor, Senior Fellow, Lowy Institute

Professor Stephen Howes, Director, Development Policy Centre, Professor of Economics at the Crawford School, ANU

Tom Barratt, Lecturer, Centre for Work and Wellbeing, Edith Cowan University

Michael Kaine, National Secretary, Transport Workers Union