250 likes | 344 Views
Resources Commodities Boom: Past and Future Perspectives. Professor Quentin Grafton Executive Director/Chief Economist Bureau of Resources and Energy Economics (BREE). The Economic Club of Canada Ottawa, Canada 21 February 2012. Overview.
E N D
Resources Commodities Boom: Past and Future Perspectives Professor Quentin Grafton Executive Director/Chief Economist Bureau of Resources and Energy Economics (BREE) The Economic Club of Canada Ottawa, Canada 21 February 2012
Overview How important are resources to Australia and Canada? Is this just another ‘boom and bust’? What are the sources of the boom? What are the impacts of the boom for resource commodity exporters? How long will the boom last?
Urbanisation rate 51% Source: World Bank
Ownership of consumer durables in Chinaper 100 households Source: China Statistical Yearbook
Major iron ore exporters Source: BREE, ABARES
Major metallurgical exporters Source: BREE, ABARES
Value minerals and energy projects under construction – October 2011
Thank You • (quentin.grafton@bree.gov.au)