Edition 14: Global Development
Welcome to the 14th Edition of the Impact Update! This edition’s theme is based on global development, where we aim to explore pressing problems that are obstacles to pursuit for economic empowerment and global progress. Driven by the curiosity and the individual passion of our writers, it was inspiring learning about issues like youth unemployment and examining the impacts of microfinance - topics that are familiar and close to heart. It was fascinating that we knew so little initially about water markets, but soon discovered its significance to our life and rights and we hope it sparks an interest to continue to watch or contribute to driving change in issues like these that matter.
Cathy Nguyen, National Affairs Director 2021
Australian Water Rights: An Overview of Recent Developments
Water markets form a bridge between buyers and sellers to participate in transactions to buy, sell and trade water in a seemingly simple supply-demand structure. Australia has one of the most complex water markets in the world, however, it is not one without its own inefficiencies and inhibitors of further success.
Adelaide Pope | Finance Director 2021
Creating Global Stability with Sustainable Youth Unemployment in Developing Nations
Over the last decade, the global youth labour participation rate has continued to decline. A deep dive into the data shows us gender and regional economic disparities, as well as a considerable digital divide, resulting in significantly higher youth unemployment in the developing world. What are the challenges this poses to developing economies, and how can we utilise policy to ensure a more sustainable employment landscape henceforward?
Nikko Riazi | Project Leader 2021
Evidence for Microfinance Successes & Limitations for Women in Indonesia
Microfinance assists poverty alleviation through reducing barriers of obtaining credit, small loans for the poor without collateral. Despite debt incidents exacerbated by microfinance, the plethora of successful case studies, fruitful socio-economic bank models and educational programs outweigh these negative circumstances. Where culture is the institutional fabric of society for Indonesian women, integration of socio-cultural values in microfinance greatly augments its success in raising their income per capita.
Vea Gunawan | Events Officer 2021