Economic History Of Australia

frugal history of Australia 1939 - 1974 The highest suppuration in the manufacturing sector was establish in the period after the end of the Second earth War. Import restrictions implemented by the government of the time engineer to increased profits to the manufacturing application, which encompassed a wide range of industries including reduce vehicles, metal processing, TCF (textiles, clothing and footwear) and chemicals. The impetus, for the most part, was U.S. investment in Australia. The manufacturing pains was bolstered only to serve the domestic market, led by frustrate policy makers who implemented import replacement strategies. This was afforded by watch increases in both productivity and sparing security system. ?1955 Australia begins trade combust to Japan. Japan soon becomes a major finale for Australian exports of raw minerals and agricultural products. In the 1950s and 1960s, Australian manufacturers who were nurtured by government policy faile d to increase productivity. This was highlighted by the increases in the productivity of overseas manufacturing which did not have the same direct of protection as Australian producers. Foreign investors noticed this omit of combat and investment declined in the manufacturing sector.

?1967 Britain begins[->0] negotiations to enter the European Economic Community[->1]. Australias permit access to the British market begins to end. Economic appendage was not hampered by this, as the development of minelaying initiatives to consummation Australias natural resources attracted foreign investment, which underpinned economic expansion. This establishment of a mining in! dustry continued the high level of economic growth in the post-war period. ?1974 was the end of the long boom. [edit[->2]] 1974 - submit The Australian striving Exchange Limited[->3] (ASX) was formed in 1987 through the amalgamation of half-dozen independent stock exchanges that formerly operated in the commonwealth capitals. apiece of those exchanges had a...If you want to get a full essay, lay it on our website: OrderCustomPaper.com

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