One of the wealthiest countries in the world, and the richest in Asia in
GDP per capita terms, Australia is an unusual mix of a modern market
economy with a large commodities-driven export infrastructure. Despite
the influx of wealth created by its natural resources, Australia has
never been particularly successful in developing a large manufacturing
base. What’s more, the country has run large and persistent current
account deficits for over a half-century. Nevertheless, Australia has
very significant and efficient mining and agricultural sectors, and ranks highly in the world in many categories.
To read the full article, please click below:
A Deeper Look At Australia's Commodity Industry
No comments:
Post a Comment