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Australia’s Transition into The Global Economy

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

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Australia’s Transition into The Global Economy

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  1. Australia’s Transition into The Global Economy Australia in the International Economy by Kym Anderson

  2. GDP Per Capita Relative to US

  3. Relative Price of Capital

  4. Change in Tariffs

  5. 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

  6. International Trade

  7. InternationalTrade

  8. Trade Ratio, % of GDP

  9. International trade

  10. International Trade

  11. International Trade

  12. Opportunities and Challenges Ahead • Continuing Reform and Globalization • R&D Investment • Increase membership of WTO • Role of Government

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