Why Australia Prospered

Why Australia Prospered PDF Author: Ian W. McLean
Publisher: Princeton University Press
ISBN: 0691171335
Category : Business & Economics
Languages : en
Pages : 300

Book Description
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. Why Australia Prospered is a fascinating historical examination of how Australia cultivated and sustained economic growth and success. Beginning with the Aboriginal economy at the end of the eighteenth 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 nineteenth century.

Why Nations Fail

Why Nations Fail PDF Author: Daron Acemoglu
Publisher: Currency
ISBN: 0307719227
Category : Business & Economics
Languages : en
Pages : 546

Book Description
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Multiethnic Australia

Multiethnic Australia PDF Author: Celeste Lipow MacLeod
Publisher: McFarland
ISBN:
Category : History
Languages : en
Pages : 248

Book Description
"After once trying to keep its population White and predominantly British, Australia reversed course. Since 1947 it has absorbed five million immigrants from some 240 countries. This book examines why immigration policies changed, the conflicts they caused and the benefits they brought"--Provided by publisher.

The Cambridge Economic History of Australia

The Cambridge Economic History of Australia PDF Author: Simon Ville
Publisher: Cambridge University Press
ISBN: 1316194485
Category : Business & Economics
Languages : en
Pages : 710

Book Description
Australia's economic history is the story of the transformation of an indigenous economy and a small convict settlement into a nation of nearly 23 million people with advanced economic, social and political structures. It is a history of vast lands with rich, exploitable resources, of adversity in war, and of prosperity and nation building. It is also a history of human behaviour and the institutions created to harness and govern human endeavour. This account provides a systematic and comprehensive treatment of the nation's economic foundations, growth, resilience and future, in an engaging, contemporary narrative. It examines key themes such as the centrality of land and its usage, the role of migrant human capital, the tension between development and the environment, and Australia's interaction with the international economy. Written by a team of eminent economic historians, The Cambridge Economic History of Australia is the definitive study of Australia's economic past and present.

Chinese Migrant Entrepreneurship in Australia from the 1990s

Chinese Migrant Entrepreneurship in Australia from the 1990s PDF Author: Jia Gao
Publisher: Chandos Publishing
ISBN: 178063465X
Category : Business & Economics
Languages : en
Pages : 200

Book Description
For more than two decades Australia has not only prospered without a recession but has achieved a higher growth rate than any Western country. This achievement has been credited to Australia's historic shift to Asia; the transformation of the relationship between these two countries is one of the most important changes in the Asia-Pacific region. However, the role of new Chinese migrants in transforming Sino-Australian relations through their entrepreneurial activities has not been deeply explored. Chinese Migrant Entrepreneurship in Australia from the 1990s adds new theoretical considerations and empirical evidence to a growing interest in entrepreneurship, and presents an account of a group of new Chinese migrant entrepreneurs who have succeeded in their business ventures significantly contributing to both Australia and China. The first chapter introduces the history between Australia and China, followed by chapters focusing on post-migration realities, economic opportunities, Chinese outbound tourism and the use of community media. The final chapter concludes with a summary. - Focuses on the people whose entrepreneurial activities have spread across industries and facilitated trade and cultural contacts - Analyses the experiences of the new migrants from China - Offers evidence that challenges outdated but still widely held assumptions about ethnic Chinese entrepreneurs - Presents longitudinal research on the new Chinese migrant community in Australia since the late 1980's - Demonstrates a dynamic process that challenges the overemphasis on the impact of globalisation on Chinese entrepreneurs

Keynes and the Market

Keynes and the Market PDF Author: Justyn Walsh
Publisher: John Wiley & Sons
ISBN: 0470443294
Category : Business & Economics
Languages : en
Pages : 242

Book Description
Keynes and the Market is an entertaining guide to John Maynard Keynes– amazing stock market success. It weaves the economist's value investing tenets around key events in his richly lived life. This timely book identifies what modern masters of the market have taken from Keynes and used in their own investing styles–and what you too can learn from one of the greatest economic thinkers of the twentieth century. If you want to profit in today's turbulent stock market the techniques outlined here will put you in a better position to succeed.

An Economic History of Australia

An Economic History of Australia PDF Author: Edward Shann
Publisher: Cambridge University Press
ISBN: 1316601676
Category : Business & Economics
Languages : en
Pages : 473

Book Description
Originally published in 1930, this book provides an account of Australian economic development from 1788 up until the early twentieth century. The text is divided into three main sections: 'Convicts, Wool, and Gold 1788-1860'; 'Colonial Particularism 1860-1900'; 'The Commonwealth'. Notes are incorporated throughout. This book will be of value to anyone with an interest in perspectives on the development of Australia and economic history.

The Lucky Culture

The Lucky Culture PDF Author: Nick Cater
Publisher: HarperCollins Australia
ISBN: 1743098138
Category : History
Languages : en
Pages : 458

Book Description
A bold and provocative book about Australia's national identity and a plea to keep Australia's famed open-mindedness, Cater tracks the seismic changes in Australian culture and outlook since Donald Horne published THE LUCKY COUNTRY in 1964. 'A great book.' Rupert Murdoch A bold and provocative book about Australia's national identity and how it is threatened by the rise of a ruling class. Nick Cater, senior editor at the Australian, tracks the seismic changes in Australian culture and outlook since Donald Horne wrote the Lucky Country in 1964. His belief is that countries don't get lucky; people do. the secret of Australia's good fortune is not found in its geography or history. the key to its success is the Australian character, the nation's greatest renewable resource. Liberated from the constraints of the old world, Australia's pioneers mined their reserves of enterprise, energy and ingenuity to build the great civilization of the south. their over-riding principle was fairness: everybody had a right to a fair go and was obliged to do the right thing by others. today that spirit of egalitarianism is threatened by the rise of a new breed of sophisticated Australians - the 'bunyip alumni' - who claim to better understand the demands of the age. their presumption of elitism and superior virtue tempts them to look down on others and dismiss opposing views. Half a century after Donald Horne named Australia 'the Lucky Country', Nick Cater takes stock of the new battle to define Australia and the rift that divides a presumptive ruling class from a people who refuse to be ruled. the Lucky Culture is a lively and original take on 21st century Australia and its people. Sometimes rousing, often provocative and always good-humoured, its unexpectedly moving message cannot be ignored. 'tHE LUCKY CULtURE is a great book and particularly relevant as it comes in a moment of high political excitement. I particularly loved Nick Cater's passion for the great Australian dream. It is the first step in restoring that dream.' Rupert Murdoch

True to the Land

True to the Land PDF Author: Paul van Reyk
Publisher: Reaktion Books
ISBN: 1789144078
Category : Cooking
Languages : en
Pages : 287

Book Description
Spanning 65,000 years, this book provides a history of food in Australia from its beginnings, with the arrival of the first peoples and their stewardship of the land, to a present where the production and consumption of food is fraught with anxieties and competing priorities. It describes how food production in Australia is subject to the constraints of climate, water, and soil, leading to centuries of unsustainable agricultural practices post-colonization. Australian food history is also the story of its xenophobia and the immigration policies pursued, which continue to undermine the image of Australia as a model multicultural society. This history of Australian food ends on a positive note, however, as Indigenous peoples take increasing control of how their food is interpreted and marketed.
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