Australia in 2005

            
 
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Case Details:

Case Code : ECOA127
Case Length : 14 Pages
Period : -
Organization : -
Pub Date : 2005
Teaching Note :Not Available
Countries : Australia
Industry : -

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



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Excerpts

Background Note

The first westerners arrived in Australia with Britain's Captain James Cook in 1770. Shortly thereafter, the British established a penal colony at Port Jackson (now Sydney). Most of the early settlers were convicts and their keepers. Even in modern days, Australia's first families liked to claim their descent from criminals- the worse the offence, the better the pedigree!

The Economy

For about seven decades after becoming a nation in 1901, Australia's economic policies had been quite successful.

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The country achieved one of the highest living standards in the world. Australia became one of the earliest welfare states, with free health care for all and generous pensions and welfare...

Industry

With its heavy reliance on agriculture and mining, Australia had all the appearance of a resource based old economy. In 2000-01, manufacturing accounted for only about 11.5% of GDP . Australia was wealthy in mineral and natural resources including oil & gas, iron ore, gold and other minerals...

International Trade

Japan and South-east Asia were Australia's most important trading partners, although substantial links with Europe and the US remained. Agriculture, mining and tourism were the most significant export-earning sectors...

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