Economic History Of Australia

Economic history of Australia
1939 - 1974
The highest suppuration in the manufacturing sector was arrange in the period after the end of the Second humanity War. Import restrictions implemented by the government of the time lead to increased profits to the manufacturing application, which encompassed a wide range of industries including take vehicles, metal processing, TCF (textiles, clothing and footwear) and chemicals. The impetus, for the most part, was U.S. investment in Australia. The manufacturing industry was bolstered only to serve the domestic market, led by scotch policy makers who implemented import replacement strategies. This was afforded by keep increases in both productivity and economic security system.
?1955 Australia begins exporting combust to Japan. Japan soon becomes a major destination for Australian exports of raw minerals and agricultural products.
In the 1950s and 1960s, Australian manufacturers who were nurtured by government policy failed to increase productivity. This was highlighted by the increases in the productivity of overseas manufacturing which did not have the same level of protection as Australian producers. Foreign investors noticed this lack 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 growth was not hampered by this, as the development of minelaying initiatives to exploit Australias natural resources attracted foreign investment, which underpinned economic expansion. This establishment of a mining industry continued the high level of economic growth in the post-war period.
?1974 was the end of the long boom.
[edit[->2]]
1974 - present
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 state capitals. apiece of those exchanges had a...If you want to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .