Aussies Surf China's Economic Wave  

Oleh:

Thirlwell, Mark

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Far Eastern Economic Review vol. 170 no. 01 (2007), page 17-21.
Topik: Economic growth; Trade policy; Economic expansion; International trade; International relations

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: FF21.19 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Australia's economy is currently surfing the wave of Chinese economic growth. China's voracious demand for resources has produced soaring prices for Australian exports of minerals and energy, while the seemingly endless array of cheap manufactured goods pumped out by Chinese factories is finding a ready market among Australian consumers. The resultant boost to national income, and to the government's coffers, has helped give new legs to an economic expansion now into its 16th consecutive year. As a result, while other countries often see China's economic take-off as a competitive threat, Australia views it as an enormous opportunity. Even so, Australia's embrace of the China boom presents policy makers with significant economic and strategic challenges. There is no doubt that surfing the China wave has been, and continues to be, a very rewarding experience for Australia. But the ride is going to involve negotiating some challenging undercurrents and potentially dangerous reefs.

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