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Page 1: Australia’s Transition into The Global Economy

Australia’s Transition

into The Global EconomyAustralia in the

International Economy by Kym Anderson

Page 2: Australia’s Transition into The Global Economy

GDP Per Capita Relative to US

Page 3: Australia’s Transition into The Global Economy

Relative Price of Capital

Page 4: Australia’s Transition into The Global Economy

Change in Tariffs

Page 5: Australia’s Transition into The Global Economy

Across the Board Cuts

Assistance to manufacturing fell from 36% to about 5% from the 1970s-90s

Agriculture subsidies fell from 25% in 1970s to below 10% in 2000

Deregulation of Tobacco in 1995, assistance fell from 30% to 2% in 2000

Page 6: Australia’s Transition into The Global Economy

International Trade

Page 7: Australia’s Transition into The Global Economy

International Trade

Page 8: Australia’s Transition into The Global Economy

Trade Ratio, % of GDP

Page 9: Australia’s Transition into The Global Economy

International trade

Page 10: Australia’s Transition into The Global Economy

International Trade

Page 11: Australia’s Transition into The Global Economy

International Trade

Page 12: Australia’s Transition into The Global Economy
Page 13: Australia’s Transition into The Global Economy

Opportunities and Challenges Ahead

Continuing Reform and Globalization

R&D Investment

Increase membership of WTO

Role of Government


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