Australia : benefiting from economic reform / Anoop Singh [and others].

Contributor(s):

Material type: Text

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781455268870
1455268879
9781455257850
1455257850

Subject(s): Genre/Form:

Additional physical formats: Print version:: Australia.DDC classification:

338.994 22

LOC classification:

HC605 .A77358 1998eb

Other classification:

83.30
QG 900

Online resources:

Click here to access online

Action note:

digitized 2010 HathiTrust Digital Library committed to preserve

Subject: Australia's economic performance has been impressive in recent years, with its record on both growth and inflation comparing favorably with that of other OECD countries. Unlike previous recoveries, real growth has been evenly paced, averaging more than 3 1/2 percent per annum since the cyclical trough in 1991. Another striking aspect of this recovery has been inflation performance. Since 1991, underlyng inflation has averaged just 2 1/4 percent, and never exceeded 3 1/3 percent.Subject: Poor economic performance in the past has focused the political and econmic debate in Australia on long run issues of structural change. Attention has centered on two ultimate objectives of public policy -- per capita income growth and unemployment. The economic challenge has been recognized as not just that of recovery from cyclical difficulties, but fundamentally that of longer-run issues of structural change crucial to Australia regaining its leadership role among industrial countries. This book identifies the principal constraints that have affected long-run economic performance in Australia and discusses the extent to which successive reform agendas have reduced these constraints.

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Includes bibliographical references.

Australia's economic performance has been impressive in recent years, with its record on both growth and inflation comparing favorably with that of other OECD countries. Unlike previous recoveries, real growth has been evenly paced, averaging more than 3 1/2 percent per annum since the cyclical trough in 1991. Another striking aspect of this recovery has been inflation performance. Since 1991, underlyng inflation has averaged just 2 1/4 percent, and never exceeded 3 1/3 percent.

Poor economic performance in the past has focused the political and econmic debate in Australia on long run issues of structural change. Attention has centered on two ultimate objectives of public policy -- per capita income growth and unemployment. The economic challenge has been recognized as not just that of recovery from cyclical difficulties, but fundamentally that of longer-run issues of structural change crucial to Australia regaining its leadership role among industrial countries. This book identifies the principal constraints that have affected long-run economic performance in Australia and discusses the extent to which successive reform agendas have reduced these constraints.

Print version record.

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Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. MiAaHDL

Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. MiAaHDL