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Australia and resources in the Asian century
Author(s) -
Garnaut Ross
Publication year - 2014
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 - 10.1111/1467-8489.12042
Subject(s) - context (archaeology) , excellence , embodied cognition , political science , productivity , scale (ratio) , development economics , economics , economic growth , history , geography , law , archaeology , cartography , artificial intelligence , computer science
The A ustralian G overnment's W hite P aper ‘ A ustralia in the A sian C entury’ is the first large‐scale official look in the twenty‐first century at economic change in Asia and how it affects Australian opportunities and challenges. This paper comments on the analysis embodied in and the objectives defined by the White Paper, especially as it relates to Australian resources. This paper generally endorses the aspirations of the W hite P aper and notes that their achievement is going to require efforts and changes beyond those that are currently contemplated. It comments briefly on six things: the development context of twenty‐first century Asian growth; growth and structural change in A sia and A ustralia's terms of trade; macroeconomic management of a resource‐intensive A ustralian economy; restoring productivity growth; excellence in education; and linking A ustralia to A sian opportunity.