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Why Australia prospered
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 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 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.
eBook
Australia's Boldest Experiment
In this landmark book, Stuart Macintyre explains how a country traumatised by World War I, hammered by the Depression and overstretched by World War II became a prosperous, successful and growing society by the 1950s. An extraordinary group of individuals, notably John Curtin, Ben Chifley, Nugget Coombs, John Dedman and Robert Menzies, re-made the country, planning its reconstruction against a background of wartime sacrifice and austerity. The other part of this triumphant story shows Australia on the world stage, seeking to fashion a new world order that would bring peace and prosperity.This book shows the 1940s to be a pivotal decade in Australia. At the height of his powers, Macintyre reminds us that key components of the society we take for granted - work, welfare, health, education, immigration, housing - are not the result of military endeavour but policy, planning, politics and popular resolve.
eBook
Island off the coast of Asia : instruments of statecraft in Australian foreign policy
\"This is an unprecedented 230-year study that reveals the full arsenal of Australian foreign policy: diplomacy, law, investment, research, negotiations, military force and espionage. It shows the central role of economic actors in defining and pursuing the \"national interest.\"--Provided by publisher.
Book
The Sweet Spot
New updated edition This book will change the way you think about your country… Australians now officially have the best living conditions in the world. Our country is both fair and free - and the only developed nation to have avoided a recession in the past twenty years. So how did it happen and why don't we care? In The Sweet Spot Peter Hartcher takes readers on a vastly entertaining and thought-provoking tour through Australian politics and history. He shows how a convict colony could have become a banana republic but didn't, how Australia came through the global financial crisis - it wasn't just the mining boom - and how we could now throw our success away if we don't recognise our strengths and demand true leadership of our politicians. Hartcher argues that Australia's prosperity was not built on dumb luck. In a time when the authoritarian success story of China is strong, Australia offers a better model: a democratic success story. Is it perfect? Of course not. But on some of the most important and apparently intractable problems of the modern world, Australia, believe it or not, is as good as it gets. And the beaches aren't bad either. Winner of the 2012 Ashurst Business Literature Prize. Longlisted for the 2012 Walkley Book Award.
eBook
Vulnerable Country
Australia was born vulnerable. From its beginnings as a precarious convict settlement on the other side of the world, through the development of self-governing colonies, to Federation and beyond, recognising and dealing with vulnerability led Australians to embrace an insular attitude to the outside world, which in turn translated into state control over the economy and highly protectionist policies. So how did Australia transform from a protected, insular country to an outwardly focused, globalised one? And why, in the current economic climate, should Australia resist a return to its protectionist past? The Vulnerable Country begins with historical analysis of the interaction between politics and economics, covers the credit crunch of 2007 and culminates with the current global financial crisis. Tom Conley argues that now, more than ever, the state has a responsibility to promote diversification of trade while regulating economic activity and ensuring that the benefits of growth are spread as widely as possible.
eBook
Market rules
Brown argues that internal barriers to trade and competition in these countries were significant obstacles to competition in the global economy and shows that the old market rules were rooted in longstanding political and regional compromises. He describes the process of detailed and difficult intergovernmental collaboration required for the EU, and now Canada and Australia, to produce new market rules. The resulting reforms created new regimes that provide deeper and broader national economic integration in Canada and Australia than in the EU. The new rules entrench neo-liberal values, retaining some room for diversity and flexibility for equity goals. Built on a careful analysis of the differences and similarities in political economy, constitutional design, federal culture, and history of intergovernmental relations in Canada and Australia, Market Rules provides fresh evidence that federal states can be strong and autonomous in the global society, while underscoring the conditions for effective collaboration that make this sustainable. Rich in detail, broad in scope, Market Rules makes a significant contribution to knowledge about federalism and economic policy-making in the era of globalization.
eBook