If you were a Republican you would vote for the liberals o Tony Abbott Compared

If you were a republican you would vote for the

This preview shows page 3 - 6 out of 6 pages.

If you were a Republican, you would vote for the liberals o Tony Abbott Compared to American politics, Australian politics are one step to the left of American politics o Not as polarized as American Each administration for the past 30 years has done better than the previous one Unique critique #3 o Oz Economy The economic kangaroo is kicking Economy has been growing for 20 years
Image of page 3
Even during recessions 12 th /13 th biggest economy Some of the highest SOLs Virtually debt-free Heavily traded currency 3 rd or 4 th most traded Bank systems shame the US/Europe’s in terms of stability and sense EXTREMELY high average of personal wealth and SOL Higher standards of living—higher than America and more like Norwegian and Swiss Beer is made in Canada and not Australia only because they can write imported on it Australians do not really make much Natural Resource rich place Mining o Uranium o Iron/ore o Coal Cooking coal o Aluminum Cattle o Beef o Lamb o Sheep Wool o Sheep Gemstones o Gold o Opal Natural gas Increasingly off-shore oil Only “advanced economy” built on primary commodity exports (~10% mining, 4-5% ag, 3-4% tourism) Most countries became manufacturing industries Rich by selling primary products Small population helps Enough wealth is distributed Now 11-12% of their GDP is mining stuff 10% of the economy is based on raw extraction Unique because it has a high GDP per capita but not a high diversified economy o New Zealand is selling their natural setting (for movies)
Image of page 4
o From “banana republic” (resource dependent, undiversified economy 30 years ago) to modern powerhouse with a litany of service sector growth…untouched by the recession…attracting international investment which leads to… o They are becoming a service sector for all of Asia o 40% of their population has college degrees o Air France opened regional headquarters in Australia No fights that go to Australia Set up headquarters to work with businesses in Asia Unique Critique #4 o Location, location, location
Image of page 5
Image of page 6

You've reached the end of your free preview.

Want to read all 6 pages?

  • Fall '08
  • JDBOYER

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes