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Australia as a branch office economy[Note 1. This paper was first presented at the 2002 Conference ...]
Author(s) -
Garnaut Ross
Publication year - 2002
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/1467-8489.00187
Subject(s) - relocation , welfare , residence , intervention (counseling) , business , government (linguistics) , action (physics) , economics , market economy , demographic economics , psychology , linguistics , philosophy , physics , quantum mechanics , psychiatry , computer science , programming language
There has been a recent tendency for the location of executive leadership of companies engaged in natural resource-based production to shift from Australia to the Northern Hemisphere cities. What is the cause of this tendency?Does it matter to Australian welfare?If it matters, is there any action by Government that can weaken the tendency or reduce its negative effects? Direct regulatory intervention to prevent relocation of corporate headquarters is unlikely to increase Australian welfare. However, reforms to reduce transport and telecommunications costs and to increase the attractions of residence in Australia of people with skills that are important in executive leadership would have positive effects