Download EBOOK Why Australia Prospered: The Shifting Sources of Economic Growth PDF for free


Download EBOOK Why Australia Prospered: The Shifting Sources of Economic Growth PDF for free Category: Business, Finance & Law
The author of the book: Ian W. McLean
Format files: PDF, EPUB, TXT, DOCX
The size of the: 4.72 MB
Language: English
ISBN-13: 9780691154671
Edition: Princeton University Press
Date of issue: 11 November 2012

Description of the book "Why Australia Prospered: The Shifting Sources of Economic Growth":

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 level of income to the present. Beginning with the Aboriginal economy at the end of the eighteenth century, Ian McLean argues that Australia's remarkable prosperity across nearly two centuries was reached and maintained by several shifting factors. These included imperial policies, favorable demographic characteristics, natural resource abundance, institutional adaptability and innovation, and growth-enhancing policy responses to major economic shocks, such as war, depression, and resource discoveries. Natural PDF resource abundance in Australia played a prominent role in some periods and faded during others, but overall, and contrary to the conventional view of economists, it was a blessing rather than a curse. McLean shows that Australia's location was not a hindrance when the international economy was centered in the North Atlantic, and became a positive influence following Asia's modernization. Participation in the world trading system, when it flourished, brought significant benefits, and during the interwar period when it did not, Australia's protection of domestic manufacturing did not significantly stall growth. McLean also considers ePub how the country's notorious origins as a convict settlement positively influenced early productivity levels, and how British imperial policies enhanced prosperity during the colonial period. He looks at Australia's recent resource-based prosperity in historical perspective, and reveals striking elements of continuity that have underpinned the evolution of the country's economy since the nineteenth century.

Download EBOOK Why Australia Prospered: The Shifting Sources of Economic Growth PDF for free


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Ian W. McLean

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Download EBOOK Why Australia Prospered: The Shifting Sources of Economic Growth PDF for free



Download EBOOK Why Australia Prospered: The Shifting Sources of Economic Growth for free

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