Detail Be Prepared; The Case for Action   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 399 no. 8735 (May 2011), page 8-10. Topik: Politics; Economic Policy; International Trade Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.66 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel On balance, it seems improbable that Australia has discovered the secret of eternal prosperity and that the current alignment of low import prices, high export prices and a voracious Asian market will endure. Why not therefore use the good times to attend to some of the things that may need doing when the country's luck turns? Past booms have generally ended in inflation, high interest rates and recession. Even if the floating of the dollar and the deregulation of the labour market make such an outcome less likely now, some changes would be desirable. They may, indeed, be overdue. The great reform era came to an end in 2003, when Mr Howard had been in power for about seven years. He had only one big effort left in him, a final attack on the labour market, made in 2006. That, however, proved too fierce in restraining union power and the right to strike and was largely unwound by Mr Rudd after 2007. The main features of the economy now are the dominance of the resources sector, the effect this has had on the exchange rate (which rose to a 29-year zenith this month) and the effect this in turn has had on other industries, especially those directly exposed to trade. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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