Why Australia Prospered

Why Australia Prospered PDF Author: Ian W. McLean
Publisher: Princeton University Press
ISBN: 0691171335
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century.

Why Australia Prospered

Why Australia Prospered PDF Author: Ian W. McLean
Publisher: Princeton University Press
ISBN: 0691171335
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European settlement, and how the nation has sustained an enviable level of income to the present. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century.

The Cambridge Economic History of Australia

The Cambridge Economic History of Australia PDF Author: Simon Ville
Publisher: Cambridge University Press
ISBN: 1316194485
Category : Business & Economics
Languages : en
Pages : 710

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Book Description
Australia's economic history is the story of the transformation of an indigenous economy and a small convict settlement into a nation of nearly 23 million people with advanced economic, social and political structures. It is a history of vast lands with rich, exploitable resources, of adversity in war, and of prosperity and nation building. It is also a history of human behaviour and the institutions created to harness and govern human endeavour. This account provides a systematic and comprehensive treatment of the nation's economic foundations, growth, resilience and future, in an engaging, contemporary narrative. It examines key themes such as the centrality of land and its usage, the role of migrant human capital, the tension between development and the environment, and Australia's interaction with the international economy. Written by a team of eminent economic historians, The Cambridge Economic History of Australia is the definitive study of Australia's economic past and present.

The Australian Economy in the Long Run

The Australian Economy in the Long Run PDF Author: Rodney Maddock
Publisher: CUP Archive
ISBN: 9780521339339
Category : Business & Economics
Languages : en
Pages : 388

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Book Description


Investment in Australian Economic Development, 1861-1900

Investment in Australian Economic Development, 1861-1900 PDF Author: N. G. Butlin
Publisher: Cambridge University Press
ISBN: 1107633958
Category : History
Languages : en
Pages : 503

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Book Description
Originally published in 1964, this book presents a study of domestic capital formation in Australia from 1860 to 1900, a period of vigorous economic expansion. The text is divided into four main parts: the first discusses the conditions of Australian economic growth; the second is a historical analysis of private investment; the third studies investment in communications in relation to the public sector; the fourth investigates structural readjustment in the light of the end of expansion. Illustrative figures and numerous tables are also included. This book will be of value to anyone with an interest in Australian history and the development of the Australian economy.

Australian Economic Growth

Australian Economic Growth PDF Author: Fred Henry Gruen
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description


Australia in the International Economy

Australia in the International Economy PDF Author: Barrie Dyster
Publisher: CUP Archive
ISBN: 9780521336895
Category : Business & Economics
Languages : en
Pages : 388

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Book Description
The authors trace the relationship between Australia's economic well being and the international economy from the late nineteenth-century onwards. This book fills the need for an introductory text in this area for undergraduate students of economics, politics and history and for the general reader who wishes to understand how the Australian economy operates.

Reshaping Australia's Economy

Reshaping Australia's Economy PDF Author: John Nieuwenhuysen
Publisher: Cambridge University Press
ISBN: 9780521011204
Category : Business & Economics
Languages : en
Pages : 324

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Book Description
This book draws together analysts to contribute to a major assessment and 'audit' of the Australian economy.

Inclusive Growth in Australia

Inclusive Growth in Australia PDF Author: John Buchanan
Publisher: Routledge
ISBN: 1000257533
Category : Social Science
Languages : en
Pages : 248

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Book Description
Inclusive Growth in Australia overturns two decades of assumptions that social policy is wasteful and a source of dependency. It reflects a global resurgence of the understanding that an active and effective social policy regime is vital not only for a flourishing society, but also for a strong economy. It explains this new paradigm of inclusive growth and shows how it can be implemented in Australia. Inclusive growth dismantles the idea that social development will automatically trickle down from untrammelled market based growth. Rather, growth must be managed so that it is employment centred, broad based across sectors and with a social security system promoting sustainability and equality of opportunity. The editors argue that productivity is 'nearly everything' when it comes to raising living standards. So while social policies will be about goals other than the economy, they must demonstrate their compatibility with an economic growth strategy. With contributions from leading national and international experts in the field including Marian Baird, Grant Belchamber, Gerald Burke, Saul Eslake, Roy Green and Peter Whiteford, Inclusive Growth in Australia shows that 'welfare state' spending is as much an economic investment as a measure of social protection. Written for policy makers, industry and NGOs as well as students, Inclusive Growth in Australia locates Australian economic and social policy within the most important emergent themes shaping international debate.

An Economy is Not a Society

An Economy is Not a Society PDF Author: Dennis Glover
Publisher: Black Inc.
ISBN: 1925203360
Category : Political Science
Languages : en
Pages : 146

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Book Description
In modern Australia, productivity is all that matters, our leaders tell us. Economic growth above all else. But is this really what we, the people, want? Does it make our lives and our communities better? If the high priests of economics want the credit for Australia’s economic growth over the last three decades, they must also wear the blame for the social destruction that has accompanied it – the devastation of once prosperous industrial centres and the suburbs they sustained, as factories closed and workers were forced to abandon their trades. The social costs of this ‘economic modernisation’ have been immense, but today are virtually ignored. The fracturing of communities continues apace. An Economy Is Not a Society is a passionate and personal J’accuse against the people whose abandonment of moral policy making has ripped the guts out of Australia’s old industrial communities, robbed the country of manufacturing knowhow, reversed our national ethos of egalitarianism and broken the sense of common purpose that once existed between rulers and ruled. Those in power, Dennis Glover argues, must abandon the idea that a better society is purely about offering individuals more dollars in their pockets. What we desperately need is a conversation about the lives, working conditions, jobs and communities we want for ourselves and our families – and we need to choose a future that is designed to benefit all the Australian people, not just some. Dennis Glover is the son and brother of Dandenong factory workers. He grew up in Doveton before studying at Monash University and King’s College, Cambridge, where he was awarded a PhD in history. He has worked for two decades as an academic, newspaper columnist, political adviser and speechwriter to Labor leaders and senior ministers.

The Role and Consequences of Structural Change in Recent Australian Economic Growth

The Role and Consequences of Structural Change in Recent Australian Economic Growth PDF Author: Robert Dixon
Publisher:
ISBN: 9780949293770
Category : Australia
Languages : en
Pages : 56

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Book Description