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Australia : benefiting from economic reform /
Australia's economic performance has been impressive in recent years, with its record on both growth and inflation comparing favorably with that of other OECD countries. Unlike previous recoveries, real growth has been evenly paced, averaging more than 3 1/2 percent per annum since the cyclical...
| Clasificación: | Libro Electrónico |
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| Autor Corporativo: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
©1998.
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| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | Australia's economic performance has been impressive in recent years, with its record on both growth and inflation comparing favorably with that of other OECD countries. Unlike previous recoveries, real growth has been evenly paced, averaging more than 3 1/2 percent per annum since the cyclical trough in 1991. Another striking aspect of this recovery has been inflation performance. Since 1991, underlyng inflation has averaged just 2 1/4 percent, and never exceeded 3 1/3 percent. Poor economic performance in the past has focused the political and econmic debate in Australia on long run issues of structural change. Attention has centered on two ultimate objectives of public policy -- per capita income growth and unemployment. The economic challenge has been recognized as not just that of recovery from cyclical difficulties, but fundamentally that of longer-run issues of structural change crucial to Australia regaining its leadership role among industrial countries. This book identifies the principal constraints that have affected long-run economic performance in Australia and discusses the extent to which successive reform agendas have reduced these constraints. |
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| Descripción Física: | 1 online resource (ix, 154 pages) : illustrations |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 9781455268870 1455268879 9781455257850 1455257850 |