Australia is in danger of sleepwalking into the future. For decades Australia “slept” through a period of high tariff protection and heavily regulated industries. As a result, by the 1970s it’s relative living standards were in decline. The situation was saved by significant reforms instituted from the 1980s through to the early 2000s. Since the late-2000s the country has been resting on its laurels with only minimal reform. There are danger signals everywhere, from the domestic economy to our international relations and the rise of China. This book is a wake-up call for Australia’s policymakers.
Australia is in danger of sleepwalking into the future. For decades Australia “slept” through a period of high tariff protection and heavily regulated industries. As a result, by the 1970s it’s relative living standards were in decline. The situation was saved by significant reforms instituted from the 1980s through to the early 2000s. Since the late-2000s the country has been resting on its laurels with only minimal reform. There are danger signals everywhere, from the domestic economy to our international relations and the rise of China. This book is a wake-up call for Australia’s policymakers.
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...
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