Australia’s Transition into The Global Economy
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Australia’s Transition into The Global Economy Australia in the International Economy by Kym Anderson
description
Australia’s Transition into The Global Economy. Australia in the International Economy by Kym Anderson. GDP Per Capita Relative to US. Relative Price of Capital. Change in Tariffs. Across the Board Cuts. Assistance to manufacturing fell from 36% to about 5% from the 1970s-90s - PowerPoint PPT Presentation
Transcript of Australia’s Transition into The Global Economy
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Australia’s Transition
into The Global EconomyAustralia in the
International Economy by Kym Anderson
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GDP Per Capita Relative to US
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Relative Price of Capital
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Change in Tariffs
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Across the Board Cuts
Assistance to manufacturing fell from 36% to about 5% from the 1970s-90s
Agriculture subsidies fell from 25% in 1970s to below 10% in 2000
Deregulation of Tobacco in 1995, assistance fell from 30% to 2% in 2000
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International Trade
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International Trade
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Trade Ratio, % of GDP
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International trade
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International Trade
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International Trade
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Opportunities and Challenges Ahead
Continuing Reform and Globalization
R&D Investment
Increase membership of WTO
Role of Government