Detail She'll be Right; The Case for Complacency   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8735 (May 2011), page 5-7. Topik: Politics; Economic Policy; Recessions; International Relations Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Some politicians win power and do not know what to do with it. Others come to office determined to change everything and end up doing nothing. A respectable case can be made, in certain places at certain times, for concentrating on good management and making only a few big changes, but making them well. In Australia, this case rests not just on the thoroughness of the 1983-2003 reforms but on the fact that the economy has recently passed a stress test that all other rich countries' economies to some degree failed. The global financial crisis did not pass Australia by, but neither did it drive it into recession. The first reason for that was the strength of the four big banks. They were strong partly because Australian banking had already been through some bad times. A decade or so ago Australia's GDP growth closely matched America's, but the correlation has become much less marked, whereas that with China's has got stronger. It all points to a rosy period ahead for Australia. Even if Chinese growth stutters, runs the thinking, even if China goes through a period of political upheaval, the appetite for development will not disappear, either there or in most other Asian countries. Billions of Asians are eager to join the middle class, and Australia is on their doorstep, ready to provide not just iron ore, coal and natural gas but all sorts of other minerals, and beef and mutton to boot. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved