Why Australia Prospered: The Shifting Sources of Economic Growth
Why Australia Prospered: The Shifting Sources of Economic Growth by Audible Studios at Spring Brook Audio. Hurry! Limited time offer. Offer valid only while supplies last. This book is the first comprehensive account of how Australia attained the world's highest living standards within a few decades of European
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 18th 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 19th century.
Have questions about this item, or would like to inquire about a custom or bulk order?
If you have any questions about this product by Audible Studios, contact us by completing and submitting the form below. If you are looking for a specif part number, please include it with your message.
Related Best Sellers
By Audible Studios
The discovery of a powerful memory technique used by our Neolithic ancestors in their monumental memory places - and how we can use their secrets to train our own minds.
In ancient, pre-literate cultures across the globe, tribal elders had encyclop...
By Bolinda Publishing Pty Ltd
In August 1948, 545 passengers boarded an overcrowded, clapped-out vessel in Marseilles to face an uncertain future in Australia and New Zealand. They came from displaced persons camps in Germany, death camps in Poland, labour camps in Hungary, gulag...
Two husbands, four trials and one bloody execution: Winner of the 2015 Davitt Award for Best Crime Book (nonfiction) - the terrible true story of Louisa Collins.
In January 1889, Louisa Collins, a 41-year-old mother of 10 children, became the first ...
Hunter. Worker. Legend. The untold story of the dog's role in building our nation.
The Dogs That Made Australia pays tribute to the dogs that gave their all for our prosperity: the fearless hounds that saved fledgling colonies from famine; the coura...
By HarperCollins Publishers
ean: 9781467670029, isbn: 1467670022,
Simple to use With Playaway, patrons simply press play. There is no personal device needed for use, no download or set-up time, no wi-fi required and no automatic expiration of titles. Portable Playaway's all-in-one design eliminates the need for car...
By Bolinda Publishing Pty Ltd
In 1860, an eccentric Irish police officer named Robert O'Hara Burke led a cavalcade of camels, wagons and men out of Melbourne. Accompanied by William Wills, a shy English scientist, he was prepared to risk everything to become the first European to...
By Author's Republic
In the 1930s, in the wake of the Nazi ascendancy in Germany, a wave of vicious anti-Semitism swept Europe, as Jews became outcasts in their own lands. As they clamored to escape persecution, the world turned a blind eye to their plight.
One man, Is...
Late in the night of April 14, 1912, the mighty Titanic, a passenger liner traveling from Southampton, England, to New York City, struck an iceberg four hundred miles south of Newfoundland. Its sinking over the next two and a half hours brought the s...
By Audible Studios
Soon after Billy Griffiths joins his first archaeological dig as camp manager and cook, he is hooked. Equipped with a historian's inquiring mind, he embarks on a journey through time, seeking to understand the extraordinary deep history of the Austra...
By Bolinda Audio
ean: 9781489082626, isbn: 148908262X,
Ned Kelly’s reputation as an outlaw is growing. To the masses he’s a folk hero, but to the Establishment he’s the most wanted man in the British Empire—by Royal decree the only person that everyone is permitted to kill. When the authorities b...