Australia in 2005

Case Code: ECOA127 Case Length: 14 Pages Period: 2005 Pub Date: 2005 Teaching Note: Not Available

Price: Rs.300 Organization : - Industry : - Countries : Australia Themes: -

Abstract Case Intro 1 Excerpts

Abstract

Australia has emerged as one of the most dynamic economies in the world. The country's recovery has been impressive considering the series of crises it has faced in the 1980s. The country has become a model of economic liberalization for countries across the world. Into its 15th successive year of continuous growth, Australia enjoys low inflation, the lowest unemployment for almost 30 years, negligible government debt and regular budget surpluses. But Australia faces new challenges. There are various supply side bottlenecks. Australian labor policies and the school education system also need a major overhaul. Will Australia be able to reinvent itself and build on the tremendous progress it has made in the past 15 years?

Contents

Introduction
Background Note
The Economy
Industry
International Trade
Society
Future Outlook
Exhibits

Keywords

Most dynamic economies in the world, Australia's Recovery, Model of economic liberalization, Australia's low inflation, Australia's lowest unemployment, Supply side bottlenecks and Australia: reinventing itself

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